Alternative Investments Middle Office – Senior Operations Associate

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Job Description The Alternative Investment practice of U.S. Bancorp Global Fund Services, LLC (GFS) provides value-added services to our robust and rapidly growing client base, which includes hedge funds, private equity funds, and other investment companies.

The Alternative Investments Middle Office – Senior Operations Associate works as part of a team responsible for providing middle and back-office services to investment companies and their advisors. In today’s complex and dynamic environment, our clients demand to be served by professionals who understand their products, strategies and industry. We work with clients to provide them with the expertise, tools, and information that they need to focus on growing their investments while we work with their custodians, prime brokers and trading counter parties to ensure their assets are settled and reconciled.

The Senior Operations Associate provides middle and back-office support to hedge funds and asset management firms. This is not a front office/trading position. This is a challenging position that provides excellent career opportunities within a growing business line.

Key responsibilities include:

Trade capture into portfolio accounting system

Confirmation of trades with third parties (executing brokers, custodians, prime brokers, Repo/TBA/ISDA counter parties)
Ensuring accurate and timely trade settlements

Reconciliation of trades, investment positions and cash balances to external third parties (banks, prime brokers, counter parties)
Resolution of trade breaks

Knowledge of client portfolios related to daily margin calls

Facilitate payments related to client trade settlements, margin and all deal fundings

Corporate actions monitoring and processing with emphasis on P&I entitlements

Location Expectations This role requires working from a U.S. Bank location three (3) or more days per week.

Basic Qualifications Bachelor's degree in Business Administration or related field, or equivalent work experience

Five or more years of related experience in alternative investments middle office and/or operations industry in financial services

Preferred Skills/Experience Knowledge of Securities Settlements (heavy Fixed Income, Equities, Derivatives)

Experience with cleared and bi-lateral derivates life cycle and confirmation processes Knowledge of Prime Broker/Custodian portals

Knowledge in reconciliation, reporting, and analysis Ability to identify and resolve/escalate complex problems with minimal guidance

Ability to manage multiple tasks/projects and deadlines simultaneously Effective interpersonal, verbal and written communication skills

Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants. Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include…