Specialist, Derivatives Servicing

3M HEALTHCARE; Chicago (IL); On-site; USD 128,000 - 150,000; Full time

Benefits offered by this job

Discretionary bonus

Comprehensive benefits

Job summary

Neuberger Berman Group LLC in Chicago is seeking a Specialist, Derivatives Servicing to support portfolio management and fund administration for hedge funds and alternatives. You will coordinate with Operations, Accounting, Trading, Prime Brokers and internal portfolio managers to maintain accurate NAVs and oversight across bilateral and exchange-traded derivatives.

This role requires a Bachelor's degree with 5 years in hedge fund operations, experience with Aladdin, ISDAs, CSAs, and strong

Qualifications

• Bachelor’s degree required with 5 years hedge fund or asset management operations experience.
• Experience in middle office operations at hedge funds, administrators, or prime brokers.
• Knowledge of regulatory environments including Dodd-Frank, EMIR, or MiFID.

Responsibilities

• Support daily portfolio management and fund administration for hedge fund strategies.
• Collaborate with Operations, Accounting, Trading, Prime Brokers and PMs to ensure accurate NAV creation.
• Perform daily and monthly reconciliations: positions, cash, repo, swaps, etc.

Skills

Middle office operations

Derivatives servicing

NAV calculation

Regulatory reporting

Education

Bachelor's degree or foreign equivalent

Tools

Aladdin

ICE

Markit

DTCC

Tradeweb

Job description

EMPLOYER

Neuberger Berman Group LLC

TITLE

Specialist, Derivatives Servicing

LOCATION

Chicago, IL (A hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with company policies.)

DUTIES

Play a key role in the daily support of portfolio management and fund administration for alternative and hedge fund strategies, working with Operations, Accounting, Trading, Prime Brokers as well as internal and external portfolio managers. Work with fund administrators to provide support and oversight in the NAV (net asset value) creation process. Perform a variety of daily and monthly reconciliations, including position reconciliation, open repo recon, open swap, cash, etc. Develop and monitor oversight polices, SLAs and metrics for outsourced and or insourced functions supporting hedge fund strategies. Develop and socialize new operational procedures for functions within and outside of the group’s primary responsibilities. Review, research, and resolve various books and records exceptions daily. Develop presentations and updates for individuals at various levels within the company. Monitor Treasury and Collateral Management exposures. Investigate and resolve issues and questions arising from PnL reporting. Maintain counterparty metrics, costs and financing rates.

QUALIFICATIONS

Must have Bachelor’s degree or foreign equivalent in any field plus five (5) years of hedge fund or asset management operations experience in the position offered, or as an Operations Associate, Analyst, or a related position.

REQUIRED EXPERIENCE

• Working in middle office operations at a hedge fund, administrator, institutional investment bank, or prime broker
• Using Aladdin to handle the lifecycles of bilateral and exchange traded derivatives, in conjunction with ICE, Markit, Alert, DTCC, and Tradeweb
• Implementing new and revised ISDAs, CSAs, MSFTAs, MRAs, and FCM agreements
• Providing client-requested data in the form of reports from internal and external systems
• Monitoring regulations and implementing changes as needed for various regulatory schemes including under Dodd‑Frank, EMIR, or MiFID
• Liaising with internal and external stakeholders to complete new account and ad‑hoc onboarding and KYC refreshes

HOURS

Full‑Time; Mon‑Fri (40 hrs/week)

SALARY

$128,000 - $150,000 per year

COMPENSATION DETAILS

The salary range for this role is $128,000-$150,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. This range is only applicable for jobs to be performed in the job posting location. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, business sector, performance, shift, travel requirements, sales or revenue‑based metrics, market benchmarking data, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, retirement, life insurance and other benefits to eligible employees. Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company’s sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

EEO STATEMENT

Neuberger is an equal opportunity employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.