Trading Operations Associate
About The Position
Global Macro diversified alternative investment manager seeking to add a mid-level Trade Operations role (at least 5 years of experience). The successful candidate will be self-motivated, a strong communicator, proactive and detail oriented. This is a generalist role where the function works within the trade operations team to i) assist with reconciliations of trade activity across all funds, review settlement issues/confirmations and escalations with counterparties and prime brokers, assist in the end of day P&L and month-end processes, ii) directly support Portfolio Managers, Associate Portfolio Managers and trading counterparties to facilitate certain aspects of post-execution and pre-settlement trade processing. The company is currently working from the NYC office M-Th; with Friday remote.
Requirements
- Bachelor’s degree in Finance, Economics, or applicable field preferred.
- Minimum of five years experience in a middle office or trading operations role with working product knowledge of Futures, FX forwards, NDFs and related options, Fixed Income (bonds, bills, repos), IRS/OIS/Swaptions
- Excellent math skills and comfortable with numbers.
- Outstanding verbal/written communication and interpersonal skills.
- Entrepreneurial, analytical, proactive, highly detail-oriented team player.
- Ability to solve problems independently and propose innovative solutions.
- Ability to maintain composure, exercise discretion, and make sound professional judgments in an environment with heavy workloads and tight deadlines.
- AI fluency with keen interest in automation of workflows.
Nice To Haves
- Additional products like CDX/CDS, CDX options, digital FX options, Equity TRS, Bond TRS, TBAs, STIPS, Bond forwards are a plus.
- Experience with swap compressions and a working knowledge of swaps clearing houses, a plus.
Responsibilities
- Process all trade activity throughout the trade life cycle using various systems both internal and external. Includes, manual trade entries, trade allocations and trade confirmations.
- Communicate with portfolio managers, operations and counterparties to resolve any issues pertaining to trading and/or settlement and alert traders of any discrepancies or errors with the firm’s internal records and adjust where necessary.
- Account for all trades by communication with counterparties daily
- Reconcile all systems (Trade Capture, CTM, Prime Broker, and Risk Management) to verify trade and security data are accurately reflected.
- Assist with the collapse of offsetting interest rate swaps that failed to net correctly at clearing house.
- Review and approve wire transfer activity daily.
- Resolve and confirm all items on the Daily Fail Report.
- Review and approve daily Fund NAV.
- Produce estimated returns on a weekly and month-end basis
- Trouble-shoot various technical issues throughout the trade lifecycle in collaboration with Risk and Information Technology teams
- Liaise with Prime Broker relationship managers/Fund Administrators
- Work on various projects to enhance trade processing/settlement workflows through collaboration with Ops/IT
- Provide high-level communication and transparency between NY and Miami operations
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
