Alternative Investments Middle Office – Senior Operations Associate

U.S. Bank•Hackensack, NJ

5d•Hybrid

About The Position

The Alternative Investments Middle Office – Senior Operations Associate works as part of a team providing middle- and back-office services to hedge funds, private equity funds, other investment companies, and their advisors. The role provides operational support to hedge funds and asset management firms and is not a front-office or trading position. The team works with clients and their custodians, prime brokers, and trading counterparties to support the settlement and reconciliation of assets. This is a challenging position offering career opportunities within a growing business line. The position requires working from a U.S. Bank location three or more days per week.

Requirements

Bachelor's degree in Business Administration or a related field, or equivalent work experience.
Five or more years of related experience in the alternative investments middle-office and/or operations industry in financial services.

Nice To Haves

Knowledge of securities settlements, with emphasis on fixed income, equities, and derivatives.
Experience with cleared and bilateral derivatives lifecycle and confirmation processes.
Knowledge of prime broker and custodian portals.
Knowledge of reconciliation, reporting, and analysis.
Ability to identify and resolve or escalate complex problems with minimal guidance.
Ability to manage multiple tasks, projects, and deadlines simultaneously.
Effective interpersonal, verbal, and written communication skills.
Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications.

Responsibilities

Capture trades in the portfolio accounting system.
Confirm trades with third parties, including executing brokers, custodians, prime brokers, and Repo/TBA/ISDA counterparties.
Ensure accurate and timely trade settlements.
Reconcile trades, investment positions, and cash balances with external third parties, including banks, prime brokers, and counterparties.
Resolve trade breaks.
Maintain knowledge of client portfolios related to daily margin calls.
Facilitate payments related to client trade settlements, margin, and deal fundings.
Monitor and process corporate actions, with emphasis on P&I entitlements.