Investment Operations Associate

Harvard Management Company • Boston, MA

1d • Hybrid

About The Position

Formed in 1974, Harvard Management Company (“HMC”) manages Harvard University's endowment and related financial assets. Our singular mission is to help ensure Harvard University has the financial resources to maintain and expand its leadership in teaching, learning, and research for future generations. The endowment is managed by a highly experienced generalist investment team whose members each take ownership of the entire portfolio, regardless of asset class. HMC's operational structure brings a wide range of expertise to our portfolio management. These functions include legal, compliance, finance and accounting, tax, human resources and administrative services as well as information technology to develop and implement the systems necessary to support our investment activities. The Investment Operations team is responsible for ensuring the timely and accurate processing of trades and maintenance of positions across the firm’s direct public market investment activity. This includes overseeing the fund administrator’s post-trade processing and recordkeeping for all transactions executed by HMC’s trading desk. Daily trade activity is confirmed, settled, reconciled, collateralized, reviewed, and analyzed. The team also manages treasury operations and portfolio cash management, including cash flows related to HMC’s external funds and private investments.

Requirements

• Bachelor’s degree in finance, accounting, or a related field preferred
• 2–5 years of experience in investment operations at an asset management firm or fund administrator
• Working knowledge of investment operations across equities, fixed income, futures, OTC derivatives, digital assets, and FX
• Experience with trade confirmation and derivative settlement
• Experience performing cash, position, and transaction portfolio reconciliations
• Familiarity with investment accounting systems
• Understanding of cash payments and SWIFT messaging
• Strong analytical and critical thinking skills with exceptional attention to detail
• Demonstrated ability to learn new systems quickly and adapt to evolving workflows

Nice To Haves

• Experience with platforms such as Citco Aexeo, Bloomberg AIM, DTCC CTM, OSTTRA MTM, and custodian/prime broker portals is a plus
• Ability to analyze complex workflows, identify risks or inefficiencies, and recommend process improvements, including potential AI-driven solutions
• Advanced proficiency in Excel; experience with Power BI and AI tools is a plus

Responsibilities

• Support all aspects of investment operations for public market instruments (equities, fixed income, repos, TIPS, OTC derivatives, futures, FX, FX options, digital assets, etc.) in coordination with the third-party fund administrator
• Oversee post-trade lifecycle processes, ensuring timely trade confirmation and settlement
• Monitor cash balances and projected activity across custodian bank, prime broker, and FCM accounts to ensure sufficient funding
• Review fund administrator’s daily pricing and P&L reporting
• Review all daily mark-to-market activity and approve all cash and bond collateral movements with OTC brokers, repo counterparts, and FCM
• Review daily position, cash, and transaction portfolio reconciliations and collaborate with fund administrator on break resolution
• Assist with daily cash forecasting for management and the trading team
• Provide daily maturity reporting to the trading team to ensure derivative, FX forwards, and futures positions are rolled
• Review/release all wires for activity across the public market direct portfolio and the external fund portfolio
• Track and support the liquidation of public equity distributions from private equity investments

Benefits

• Annual bonus
• The FLSA classification for this position is exempt.

What This Job Offers

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