Treasury Operations Associate - Repo & Fixed Income (US)

Verition Fund Management LLC; Norwalk (CT); On-site; USD 70,000 - 90,000; Full time

Job summary

A leading hedge fund in Norwalk is seeking a Treasury Operations Associate to manage fixed income cash and repo settlement processes. The ideal candidate will have significant experience in securities clearing, particularly with U.S. Treasury and repo workflows. Responsibilities include trade management, reconciliation, and process improvement initiatives. Join a dynamic team focused on operational excellence and innovation in the financial sector.

Qualifications

• Minimum 4 years of experience in securities clearing.
• Strong understanding of trade lifecycle and settlement mechanics.

Responsibilities

• Manage fixed income cash and repurchase agreement settlement processes.
• Coordinate closely with the front office and clearing brokers.
• Identify operational inefficiencies and propose solutions.

Skills

Attention to Detail

Organizational Skills

Teamwork

Tools

Microsoft Excel

Advent Geneva

Job description

Verition Fund Management LLC ("Verition") is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Global Credit, Global Convertible, Volatility & Capital Structure Arbitrage, Event-Driven Investing, Equity Long/Short & Capital Markets Trading, and Global Quantitative Trading.

Job Title: Treasury Operations Associate - Repo & Fixed Income (US)

Key Responsibilities:

• Manage fixed income cash and repurchase agreement settlement processes, including confirming trade settlements, coordinating pair-offs, and ensuring alignment across internal and external systems.
• Ensure accurate trade flow across internal systems, our administrator, and downstream to fixed income clearing brokers.
• Coordinate closely with the front office, clearing brokers, and other counterparties to support repurchase agreement trade lifecycle events.
• Manage account setup and onboarding for new repo counterparties.
• Reconcile positions and transactions across internal systems.
• Monitor and resolve trade fails, escalating issues as appropriate and producing daily and monthly failed trade reports with root cause analyses.
• Oversee U.S. and foreign bill pledging processes, including monitoring maturities, rolling bonds, and ensuring accurate settlement.
• Identify operational inefficiencies and propose solutions to improve workflow and automation.
• Support transition to self-clearing by contributing to system/process buildout.
  
  

Requirements:

• Minimum 4 years of experience in securities clearing, with a strong focus on U.S. Treasury (FED) and repo settlement workflows.
• Strong understanding of trade lifecycle and settlement mechanics across multiple asset classes, including structured products.
• Proficiency in Microsoft Excel, especially for reconciliations and exception tracking.
• Exceptional attention to detail, organizational skills, and ability to work independently and as part of a team.
  
  

Preferred Experience:

• Experience with Advent Geneva or similar portfolio accounting systems.
• Knowledge of corporate actions and how they affect trade settlements and positions.
• Familiarity with trade affirmation platforms, PB account structures, and repo trade matching protocols.
• Prior involvement in process improvement or automation initiatives within operations.