Portfolio Operations Analyst

Pro Shares now offers one of the largest lineups of ETFs, with over $100 billion in assets. The company is a leader in strategies such as crypto, dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing. Pro Shares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.

• Derivative Operations
  - Derivatives play an important role in the management of our funds. A strong focus of the operations department is to focus on post trade lifecycle events. The primary responsibilities are collateral management, both bilaterally and cleared, as well as the timely confirmation and settlement of all OTC post settlement lifecycle payments.
• Trade Operations
  - Focus on physical settlement operations. Trade Operations is responsible for the post execution process of confirmation, affirmation, settlements, TMPG claims, and class actions across a wide variance of products.
• Corporate Actions
  - Manage and provide a high-quality corporate action service in accordance with our standards of best practice. Monitor corporate actions throughout the day to ensure proper action is taken and projection for T+1 is made. Oversee security master data, and necessary changes are made.
• Fund Accounting/ Reporting – Working closely with external fund accountants, ensure that internal records are in line with service providers. Create and publish an independent shadow NAV. Working closely with Portfolio Management, and brokers, monitor trade flow between OMS and IBOR to accurately project current Day NAV’s, and T+1 IOPV projections.
• With direction from Management, plays an integral role interacting with multiple internal partners and external parties including Repo, OTC, Swap Counter parties, and FCM’s
• Daily issuance and response of all bilateral and cleared margin calls.
• Escalation and dispute resolution on margin disagreements
• Process all Swap confirmations on a daily basis.
• Process all ETF CR/RD confirmations on daily basis.
• Monitor liquidity needs of portfolio managers, process collateral substitutions as needed
• Daily monitoring of counter party exposure to support collateral service agreements (CSA), (MSFTA) and variation margin and initial margin (FCM) requirements for Futures and OTC.
• Familiarity with OTC Derivative Products, Foreign Exchange and Precious Metals back and middle office functions
• Working to learn and grasp an understanding of ISDA CSA and other margin related documentation.

• Day to day tasks including the post execution process of confirmation, settlement, TMPG claims, and class actions.
• Process confirmations, research, and resolution of all fails, claims processing, and management reporting.
• Work closely with dealers and custody relationships to foster an efficient workflow.
• Investigate failing trades and pre-matching issues with brokers, custodians and internal department.
• Daily trade affirmation of all physical trades, ensure proper trade flow from OMS through affirmation onto custodian for settlement.

• With direction from Management, capture the accurate and timely completion for processing of Corporate Actions Announcement Capture events.
• Daily event capture, reconciliation and allocation of payment related to mandatory and voluntary event types.
• Post and reconcile all mandatory and voluntary corporate actions within internal systems.
• Complete the processing, research and collection of all corporate action related activity including, but not limited to:
  Cash Dividends, Stock Dividends, Stock Splits, Spin Offs, Cash & Stock Mergers, Tender Offers, Rights Subscriptions, Full & Partial Calls, and Maturities
• Accurate projection of T+1 actions
• Proper upkeep and management of the security master file, ensure proper changes, additions are made in a timely matter.
• Assist Team lead to calculate and process fund and account activities, e.g. supporting Net Asset Value (NAV) calculation, reporting and reconciliation, IIV calculation, reporting and reconciliation.
• Support the review and validation of data.
• Working alongside external fund accountants to validate NAVS, identify breaks,…