Trading Operations Associate

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Full-time Regular New York, NY, US

6 days ago Requisition

Salary Range: $ To $ Annually

Trading Operations – NY or Miami

Position Overview

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 counter parties 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 counter parties 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.

Primary 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 counter parties 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 counter parties 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

Qualifications

• 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
• Additional products like CDX/CDS, CDX options, digital FX options, Equity TRS, Bond TRS, TBAs, STIPS, Bond forwards are a plus.
• Excellent math skills and comfortable with numbers.
• Experience with swap compressions and a working knowledge of swaps clearing houses, a plus.
• 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.