Specialist, Derivatives Servicing

EMPLOYER

Neuberger Berman Group LLC

Specialist, Derivatives Servicing

Chicago, IL (A hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with company policies.)

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 counter party metrics, costs and financing rates.

Must have 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.

• Working in middle office operations at a hedge fund, administrator, institutional investment bank, or prime broker
• Using Aladdin to handle the life cycles 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

Full‑Time;
Mon‑Fri (40 hrs/week)

$128,000 - $150,000 per year

The salary range for this role is $128,000-$150,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. This range is only applicable for jobs to be performed in the job posting location. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, business sector, performance, shift, travel requirements, sales or revenue‑based metrics, market benchmarking data, any collective bargaining agreements, and business or organizational needs.

This job is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, retirement, life insurance and other benefits to eligible employees.

Note:

No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company’s sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

Neuberger is an equal opportunity employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.