Associate, Trade Operations

SS&C • Union, OH

12h • Hybrid

About The Position

Trade Operations is a functional group providing middle office services to institutional money managers and global hedge fund clients. The team works in a fast-paced environment and liaises with traders, brokers, and other parties to confirm and settle trades on time, complete daily deliverables, and fulfill client requests, including processing investment- and fee-related wires.

The Associate works with clients, brokers, custodians, and prime brokers to resolve transaction issues and support timely confirmation and settlement. The role also involves researching market practices and regulatory changes, coordinating cash and security movements, maintaining procedures and wire instructions, mitigating settlement risks, and helping improve processes with technology and other teams.

The position is available in a hybrid work arrangement in Dublin, Ohio, or Union, New Jersey. New graduates are welcome to apply.

Requirements

• Undergraduate degree; preferably with a concentration in finance, economics, or a related discipline.
• Self-starter with strong analytical and problem-solving skills.
• Strong attention to detail.
• Ability to prioritize daily processes, ad-hoc requests, and issues escalated by clients or other parties.
• Intermediate or higher proficiency in Microsoft Excel.
• Ability to communicate professionally and effectively with internal and external stakeholders.
• High computer literacy and ability to learn new systems quickly.
• Team-player mentality and ability to work independently.
• Ability to understand the importance of data security and comply with firm-wide procedures.
• Knowledge of financial products such as equities, options, futures, mutual funds, collateral, and bonds.

Nice To Haves

• Experience with or familiarity with market vendor products such as Bloomberg, DTCC, and Omgeo.
• Familiarity with SWIFT messaging.
• Interest in learning about foreign markets and global market practices.

Responsibilities

• Work with clients, brokers, custodians, and prime brokers to resolve issues and ensure timely confirmation and settlement of trades, FX spots and forwards, and other transactions.
• Research market standards and practices to keep stored client and broker data current and ensure outgoing SWIFT messages comply with current best practices.
• Inform and instruct relevant parties about ad-hoc and daily cash and security movements related to collateral and variation margin.
• Identify potential issues and escalate them to appropriate internal and external parties in a timely manner.
• Maintain team procedures across clients and processes, ensuring they are updated and completed.
• Develop and maintain strong working relationships with internal and external stakeholders.
• Research and communicate upcoming market and regulatory requirements and changes to impacted parties.
• Identify processes and areas for improvement, and work with technology and relevant parties to develop, test, and execute changes.
• Understand and mitigate risks associated with late settlement of cash and securities transactions, including market penalties, buy-ins, and claims.
• Perform due diligence to resolve issues promptly and avoid financial or reputational impact.
• Compile and prepare wire transfer instructions for fund expenses and investments in accordance with fund manager instructions.
• Maintain and update vendor and counterparty wire instructions.

Benefits

• Medical, dental, and vision coverage.
• 401(k) plan with company match.
• Paid time off and holidays.
• Parental leave.
• Professional development reimbursement opportunity.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level