Associate, Risk Retention Operations

Nearwater Capital•New York, NY

1d•Onsite

About The Position

The Associate, Risk Retention Operations will join Nearwater Capital’s Operations team and support its US Liquid Markets business. The role supports front-to-back Fixed Income and Derivative trade lifecycle operations, including ABCP conduit operations, commercial paper issuance and maturity tracking, and settlement activity involving commercial paper, repo transactions, and Equity TRS. The associate will coordinate with internal trading desks, counterparties, and custodians, respond to operational inquiries, and serve as a point of contact for client settlement queries and escalations. The position also involves control reconciliations, asset-pool monitoring, cash-flow tracking, and improving operational workflows and systems. The associate will work with Technology teams on system functionality, data validation, implementation or change requests, and workflow digitization, while contributing to firmwide and departmental projects designed to streamline processes and reduce operational risk. Nearwater Capital is headquartered in New York City, has a global presence, and is 100% work from office.

Requirements

At least 3 years of direct experience in a financial services organization supporting fixed income operations.
Considerable understanding of operational functions such as settlements, lifecycle management, reconciliations, trade support, and corporate actions within Global Markets.
High-level knowledge and understanding of fixed income products.
Strong knowledge of financial markets, the trade lifecycle, and industry technology.
Self-motivated and proactive, with ownership of projects and the ability to manage multiple tasks simultaneously.
Ability to work in a structured, high-volume, time-sensitive, high-risk, and demanding environment.
Strong verbal and written communication skills.
Ability to work as part of a team and independently.

Nice To Haves

Experience with repos and commercial paper is highly desirable.
Familiarity with Enfusion.
Advanced Excel skills.
Experience with data-analysis or automation tools such as Alteryx, Python, SQL, VBA, or Power BI.

Responsibilities

Support daily ABCP conduit operations, including commercial paper settlement and rollover.
Provide lifecycle management support for Fixed Income products and commercial paper, including tracking short-term paper issuance and maturities.
Manage settlements focused on commercial paper and repo transactions alongside Equity TRS, including trade confirmation, broker and custodian communication, reconciliation, and issue resolution.
Conduct control reconciliations to verify booking accuracy between internal systems and external records.
Assess operational workflows, identify inefficiencies, and support system implementation or change requests.
Serve as a key contact for client settlement queries and operational escalations.
Participate in firmwide and departmental projects to streamline workflows and reduce operational risk.
Build and maintain automated dashboards and reconciliations for asset-pool monitoring and cash-flow tracking.
Partner with Technology teams to enhance system functionality, implement data validation checks, and support workflow digitization.