Associate, Cross Product Operations

Nearwater Capital•New York, NY

16h•Onsite

About The Position

Nearwater Capital’s Operations team supports the firm’s three business lines: Liquid Markets, Risk Retention, and Capital Markets. We are looking for an Associate who will work across all three, rotating through products rather than sitting with one. You will own the full trade lifecycle for commercial paper, repo, fixed income, and swap transactions, working directly with the front office, counterparties, and custodians. This is a hands-on seat on a small team.

Requirements

2 to 5 years of experience in operations or settlements at a financial services firm, ideally on equities, fixed income, repo, or derivatives (particularly total return swaps)
Working knowledge of the trade lifecycle, including confirmation, settlement, reconciliation, and break resolution
Experience with at least two product types, or a clear record of picking up new ones quickly
Strong Excel skills
Clear written and verbal communication with front office and counterparties
Comfort working in the New York office five days a week

Nice To Haves

Experience with commercial paper, repo, total return swaps, or collateral and margin
Familiarity with Enfusion, Acadia, or Bloomberg
Exposure to process automation or reporting tools such as Alteryx, Power BI, or Python
Experience at a firm of similar size or complexity

Responsibilities

Capture, confirm, and settle trades across commercial paper, repo, fixed income, and swaps
Monitor settlement, resolve fails and breaks, and escalate issues with clear context and a proposed fix
Complete daily position, cash, and trade reconciliations across business lines, clearing breaks with counterparties, custodians, and internal teams
Support margin and collateral operations including IA/IM/VM calls, and dispute handling
Act as a single point of contact for the Liquid Markets, Risk Retention, and Capital Markets teams on operational questions
Cover for teammates across products, so the team always has depth
Maintain accurate books and records, and coordinate with Finance, Compliance, and Technology on reporting, controls, and system changes
Participate in process improvement and automation initiatives; contribute to documentation and procedure build-out.