Senior Associate, Hedge Fund Trade Operations

SS&C Technologies•Dublin, OH

3d•Hybrid

About The Position

Trade operations is a functional group responsible for providing middle-office services to institutional money managers and global hedge fund clients. The Senior Associate supports the timely and accurate confirmation, fail-trade monitoring, and settlement of client trades across equities, fixed income, foreign exchange (spot and forward), and other asset classes. The role is hybrid and based in Dublin, Ohio, or Union, New Jersey. The position involves coordinating with clients, brokers, custodians, and prime brokers; managing cash and security movements; maintaining procedures and counterparty data; researching market practices and regulatory changes; resolving operational issues and mitigating settlement risk; and preparing wire instructions for fund expenses and investments.

Requirements

Bachelor's degree, preferably with a concentration in finance, economics, or a related discipline.
2–4 years of relevant work experience.
Self-starter with excellent 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 efficiently.
Intermediate or higher Excel proficiency.
Ability to communicate professionally and effectively with internal and external stakeholders.
Proven ability to work independently in a hybrid environment.
High computer literacy and ability to learn new systems quickly.
Team-player mentality.
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 OSTTRA (MarkItWire, MarkItServ).
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 spot and forward transactions, and other asset types.
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 daily and ad-hoc cash and security movements related to collateral and variation margin.
Identify potential issues and escalate them promptly to appropriate internal and external parties.
Maintain team procedures, ensuring they are updated, completed, and maintained across clients and processes.
Develop and maintain strong working relationships with internal and external stakeholders.
Research and inform impacted parties about upcoming market and regulatory requirements and changes.
Identify processes or areas for improvement and work with technology and relevant parties to develop, test, and implement changes.
Understand and mitigate risks associated with late settlement of cash and securities transactions, including market penalties, buy-ins, and claims.
Conduct 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.