Alternative Investments Middle Office – Senior Operations Associate

U.S. Bank•Hackensack, NJ

1d•$104,550 - $123,000•Hybrid

About The Position

The Senior Operations Associate works in the Alternative Investment practice of U.S. Bancorp Global Fund Services, LLC, which provides services to hedge funds, private equity funds, and other investment companies. The role supports middle-office operations, including trade capture and confirmation, settlement, reconciliation, break resolution, margin calls, payments, and corporate actions. The role 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 alternative investments middle office and/or the financial services operations industry.

Nice To Haves

Knowledge of securities settlements, especially fixed income, equities, and derivatives.
Experience with cleared and bilateral derivatives life cycles and confirmation processes.
Knowledge of prime broker and custodian portals.
Knowledge of reconciliation, reporting, and analysis.
Ability to identify, 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 various 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.

Benefits

Healthcare coverage, including medical, dental, and vision.
Basic term and optional term life insurance.
Short-term and long-term disability coverage.
Pregnancy disability and parental leave.
401(k) and employer-funded retirement plan.
Paid vacation of two to five weeks, depending on salary grade and tenure.
Up to 11 paid holiday opportunities.
Adoption assistance.
Sick and Safe Leave accruals of one hour for every 30 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
Incentive and recognition programs.
Equity stock purchase.
401(k) contribution and pension, subject to eligibility requirements.