Team Lead, Trading Operations

Magnetar • Evanston, IL

9d • $120,000 - $160,000

About The Position

Magnetar is seeking an experienced operations professional to join its Trading Operations team as a senior team member. Reporting to the Head of Trading Operations, this role is primarily responsible for security data accuracy and global corporate actions across equity and fixed income, including events in swap, prime broker and custody accounts. The role also provides high visibility and exposure to a variety of hedge fund strategies through interaction with Portfolio Managers, trading desks and teams across the firm.

The successful candidate will develop a broad understanding of Operations through cross-training and provide coverage in areas such as reconciliations, repo, settlements, and private equity and debt as business needs evolve. The role leads process, control and scalability improvements and identifies ways to leverage technology, data and AI. Magnetar seeks someone with strong analytical ability and a commitment to accuracy, collaboration and taking on additional challenges.

Requirements

• Undergraduate or graduate degree in a business-related discipline and a strong academic performance record.
• At least 10 years of experience in corporate actions, asset servicing and/or fixed income settlements, ideally within asset management or a similar financial-institution operations function.
• High intelligence, internal drive, intellectual curiosity and analytical ability, with strong quantitative skills and willingness to work closely with trade and security data.
• Optimistic attitude and willingness to contribute wherever possible or required, and interest in taking on additional challenges and responsibilities.
• Motivated self-starter who is highly organized and committed to accuracy and quality of work.
• Effective communication skills and ability to develop relationships with internal and external stakeholders.
• Strong teamwork ethic and demonstrated ability to prioritize competing demands and drive work to completion.
• Authorization to work in the United States without employer sponsorship now or in the future.

Nice To Haves

• Experience with security data, reconciliations and/or trade settlements in addition to corporate actions.
• Good understanding of central clearing house settlement methods.

Responsibilities

• Oversee review, creation and processing of global corporate actions across equity and fixed income, from announcement through completion, including events held in swap, prime broker and custody accounts.
• Own corporate action deadlines and event-specific considerations, ensuring events are actioned accurately and on time.
• Ensure accuracy and completeness of security data across asset classes, including security setup and ongoing maintenance.
• Provide coverage for trading operations functions, including settlements, reconciliations and repo processing.
• Partner with Portfolio Managers, trading desks and counterparties to support security lifecycle events and transactions and resolve breaks and exceptions in a timely manner.
• Cross-train across Operations, including reconciliations, repo, settlements, and private equity and debt, to provide insight, depth and coverage across the team.
• Lead initiatives to improve Trading Operations processes, controls and scalability in line with industry best practices.
• Identify and implement opportunities to leverage technology, data and AI.
• Manage key relationships with prime brokers, custodians, swap counterparties and other external service providers.

Benefits

• Comprehensive health insurance
• Dental insurance
• Vision insurance
• 401(k) match
• Competitive paid time off
• Wellness programs
• Daily lunches
• Professional development through Magnetar University
• Potential eligibility for a discretionary bonus based on firm and individual performance

What This Job Offers

• Job Type: Full-time
• Career Level: Senior