Portfolio Operations Analyst

ProShares•Bethesda, MD

1d•Hybrid

About The Position

The Operations Analysts play an integral role in the four essential job functions within the Portfolio Operations Department. This role involves Derivative Operations (collateral management, confirmation, and settlement of OTC post settlement lifecycle payments), Trade Operations (physical settlement operations including confirmation, affirmation, settlements, TMPG claims, and class actions), Corporate Actions (managing and providing high-quality corporate action services, monitoring events, and overseeing security master data), and Fund Accounting/Reporting (working with external fund accountants, creating a shadow NAV, and monitoring trade flow to project NAVs). This is a rare opportunity to develop expertise across virtually every major asset class and gain exposure to the full investment lifecycle, supporting over $100 billion in assets in a fast-paced environment with exceptional learning opportunities.

Requirements

Undergraduate degree.
Finance, economics, math, engineering, or related field preferred.
Two to four years related experience preferred.
Requires extreme attention to detail.
Requires strong quantitative and analytical skills.
Excel proficiency preferred.
Familiarity with Bloomberg, Barra, and other industry standard systems desirable.
Experience with Middle Office systems, Colline, Geneva, Markit, desirable.

Nice To Haves

Understanding of derivative securities including futures, options, and swap a plus.

Responsibilities

Daily issuance and response of all bilateral and cleared margin calls.
Escalation and dispute resolution on margin disagreements.
Process all Swap confirmations on a daily basis.
Process all ETF CR/RD confirmations on daily basis.
Monitor liquidity needs of portfolio managers, process collateral substitutions as needed.
Daily monitoring of counterparty exposure to support collateral service agreements (CSA), (MSFTA) and variation margin and initial margin (FCM) requirements for Futures and OTC.
Working to learn and grasp an understanding of ISDA CSA and other margin related documentation.
Day to day tasks including the post execution process of confirmation, settlement, TMPG claims, and class actions.
Process confirmations, research, and resolution of all fails, claims processing, and management reporting.
Work closely with dealers and custody relationships to foster an efficient workflow.
Investigate failing trades and pre-matching issues with brokers, custodians and internal department.
Daily trade affirmation of all physical trades, ensure proper trade flow from OMS through affirmation onto custodian for settlement.
Report portfolio transactions.
Capture the accurate and timely completion for processing of Corporate Actions Announcement Capture events.
Daily event capture, reconciliation and allocation of payment related to mandatory and voluntary event types.
Post and reconcile all mandatory and voluntary corporate actions within internal systems.
Complete the processing, research and collection of all corporate action related activity including, but not limited to: Cash Dividends, Stock Dividends, Stock Splits, Spin Offs, Cash & Stock Mergers, Tender Offers, Rights Subscriptions, Full & Partial Calls, and Maturities.
Accurate projection of T+1 actions.
Proper upkeep and management of the security master file, ensure proper changes, additions are made in a timely matter.
Assist Team lead to calculate and process fund and account activities, e.g. supporting Net Asset Value (NAV) calculation, reporting and reconciliation, IIV calculation, reporting and reconciliation.
Support the review and validation of data.
Working alongside external fund accountants to validate NAVS, identify breaks, and quick resolution.
Daily reconciliation to identify breaks between internal reconciliation and fund accountants.
Reconcile end of day portfolio composition.
Verify net asset value of the portfolio.
Ensure timely delivery of portfolio performance and characteristics.

Benefits

Competitive pay and discretionary bonus
Paid time off
Health care benefits (medical, dental & vision)
Additional insurance includes basic life, accidental death and dismemberment, supplemental life, disability and legal benefit
401(k) retirement plan with matching contribution
Spending Accounts (Health Care, Dependent Care, and Transportation)
Wellness Programs (fitness reimbursement, Employee Assistance Program)
Education assistance
Hybrid work schedule
Additional Programs include peer recognition, corporate matching gift