Trade Support Associate

WhiteCap Search; New York (NY); On-site; USD 65,000 - 110,000; Full time

Job summary

Whitecap Search is seeking a dedicated professional to support the trade lifecycle and enhance operational processes across asset classes in a fast-paced environment.

The role involves coordinating with senior stakeholders, managing trade executions, and driving process improvements with a focus on accuracy and efficiency. Strong Excel skills and experience with ledger systems are required.

Qualifications

• Proficiency in MS Excel, including macros, vlookups, and pivot tables.
• Strong analytical and problem-solving skills.
• Excellent written, oral, and presentation skills.
• Experience with shadow general ledger systems, preferably Geneva.

Responsibilities

• Collaborate with COO & CFO to improve operational processes and align with business objectives.
• Manage booking of third-party trade executions across multiple asset classes.
• Oversee daily trading policies, procedures, position limits, and controls.
• Support end-to-end trade flow and address ad hoc trade capture and risk management issues.
• Communicate with Principals, Traders, and Strategists about portfolios and issues.
• Track OTC confirmations and daily risk reporting; manage option exercises/assignments.
• Prepare nightly and weekly reports for investment and operations teams.
• Engage in process improvement and automation of internal trade flows.
• Collaborate with internal departments on operations projects.
• Reconcile third-party trades with broker recap files and support automation.
• Initiate early exercises and manage bookings of assignments and expiries.
• Participate in ad hoc accounting, operations, and compliance projects.

Skills

Excel macros

Pivot tables

VLOOKUPs

Analytical skills

Communication skills

Tools

Geneva

Job description

Whitecap Search is seeking a dedicated and detail-oriented professional to join our team. The successful candidate will work closely with key stakeholders to enhance operational processes and support the trade lifecycle across various asset classes. This role requires a proactive communicator who can manage daily trading operations and contribute to strategic projects.

Job Responsibilities

• Collaborate with the COO & CFO to strategically improve operational processes in line with the firm's business objectives.
• Manage the booking of third-party trade executions across various asset classes, including equities, equity derivatives, credit derivatives, fixed income derivatives, FX, and commodities.
• Oversee daily trading policies, procedures, position limits, and operational controls.
• Support the end-to-end trade flow and address ad hoc issues related to trade capture and risk management on a daily basis.
• Communicate proactively with Principals, Traders, and Strategists to relay information about the investment portfolio or address any issues that arise.
• Track OTC confirmations, daily risk reporting, and manage early exercise or assignments of option positions.
• Compile nightly and weekly reports for the investment and operations teams.
• Engage in project work, ranging from spreadsheet development and process improvement to automating internal trade flows.
• Collaborate with various internal departments on projects requiring operational input.
• Reconcile third-party trades against broker recap files at the end of the day and work on process automation.
• Initiate early exercises and manage the booking of assignments, exercises, and expiries.
• Participate in ad hoc projects for accounting, operations, and compliance teams.

Requirements

• Proficiency in MS Excel, including macros, vlookups, and pivot tables.
• Ability to multitask effectively while demonstrating a willingness to learn and collaborate as part of a team.
• Strong analytical and problem-solving skills.
• Experience with shadow general ledger systems, preferably Geneva.
• 2 to 7 years of experience in accounting or operations at an administrator, sell-side bank, or buy-side hedge fund.
• Highly organized and self-driven.
• Detail-oriented with a strong work ethic and a team-focused attitude.
• Excellent written, oral, and presentation skills.

Disclosure: The hourly rates and/or salaries listed may or may not reflect total compensation packages including bonus and fringe benefits, etc., nor are the advertisement(s) posted a guarantee of a certain compensation package for a position or bona fide offer of employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.