Specialist, Derivatives Servicing

Neuberger Berman•Chicago, IL

4d•Hybrid

About The Position

Play a key role in the daily support of portfolio management and fund administration for alternative and hedge fund strategies, working with Operations, Accounting, Trading, Prime Brokers as well as internal and external portfolio managers. Work with fund administrators to provide support and oversight in the NAV (net asset value) creation process. Perform a variety of daily and monthly reconciliations, including position reconciliation, open repo recon, open swap, cash, etc. Develop and monitor oversight polices, SLAs and metrics for outsourced and or insourced functions supporting hedge fund strategies. Develop and socialize new operational procedures for functions within and outside of the group’s primary responsibilities. Review, research, and resolve various books and records exceptions daily. Develop presentations and updates for individuals at various levels within the company. Monitor Treasury and Collateral Management exposures. Investigate and resolve issues and questions arising from PnL reporting. Maintain counterparty metrics, costs and financing rates.

Requirements

Bachelor’s degree or foreign equivalent in any field plus five (5) years of hedge fund or asset management operations experience in the position offered, or as an Operations Associate, Analyst, or a related position.
Three (3) years of experience with all of the following: Working in middle office operations at a hedge fund, administrator, institutional investment bank, or prime broker
Using Aladdin to handle the lifecycles of bilateral and exchange traded derivatives, in conjunction with ICE, Markit, Alert, DTCC, and Tradeweb
Implementing new and revised ISDAs, CSAs, MSFTAs, MRAs, and FCM agreements
Providing client-requested data in the form of reports from internal and external systems
Monitoring regulations and implementing changes as needed for various regulatory schemes including under Dodd-Frank, EMIR, or MiFID
Liaising with internal and external stakeholders to complete new account and ad-hoc onboarding and KYC refreshes.

Responsibilities

Play a key role in the daily support of portfolio management and fund administration for alternative and hedge fund strategies, working with Operations, Accounting, Trading, Prime Brokers as well as internal and external portfolio managers.
Work with fund administrators to provide support and oversight in the NAV (net asset value) creation process.
Perform a variety of daily and monthly reconciliations, including position reconciliation, open repo recon, open swap, cash, etc.
Develop and monitor oversight polices, SLAs and metrics for outsourced and or insourced functions supporting hedge fund strategies.
Develop and socialize new operational procedures for functions within and outside of the group’s primary responsibilities.
Review, research, and resolve various books and records exceptions daily.
Develop presentations and updates for individuals at various levels within the company.
Monitor Treasury and Collateral Management exposures.
Investigate and resolve issues and questions arising from PnL reporting.
Maintain counterparty metrics, costs and financing rates.