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Operations Analyst

  • Compensation: 75,000 - 85,000 yearly Plus Bonus
  • Location: New York, New York
  • Type: Perm
  • Job #18744

 

Our client is a leading global macro hedge fund with a focus on emerging markets. Founded in 2000, the firm has offices in London, New York and Hong Kong and currently manages approximately $10 billion in assets across four funds. The firm trades foreign exchange, sovereign and corporate credit, local market interest rates, commodities, and their derivatives. We trade in over 90 countries across Asia, Central and Eastern Europe, the Middle East and Africa, Latin America as well as developed markets. Their investment approach combines macroeconomic fundamental research and quantitative analysis.

The firm employs a diverse, dynamic team of 100 professionals representing over 20 nationalities and 30 languages. We have a strong corporate culture anchored in core values such as collaborative spirit, creativity and respect. We are passionate about what we do and are committed to attracting the best and brightest talent.
This is a great opportunity to join a market leader with a collaborative culture and contribute to our continued success.

Entry requirements:

The successful candidate will have a mindset that looks to constantly improve operational efficiency and workflow. Experience in the operations area of a hedge fund, investment manager or prime brokerage firm is beneficial. The position is varied in scope and the individual will be responsible for handling daily margin calls, reconciling trades, and tracking cash.
 
Applicants must have a bachelor’s degree in a relevant field (e.g. Finance, Accounting and/or Economics) and one to two years’ work experience at a top tier financial services institution.
 

Main responsibilities:

  • Serve as the primary point of contact for collateral management and daily margin calls.
  • Reconcile all bilateral trades and resolve any discrepancies.
  • Instruct margin-related wires and monitor cash accounts.
  • Work with developers to ensure the upkeep of automated processes.
  • Liaise with the execution desk to ensure trades are booked on time and trade issues are remedied same day.
  • Immediately follow up with the desk and our counterparties to resolve any trade breaks.
  • Actively monitor, allocate and confirm trades over MarkitWire, DTCC and ICE Link.
  • Complete OTC Derivative reconciliations between our system and executing/clearing broker statements; follow-up immediately and resolve all discrepancies.    
  • Process OTC and collateral wires, manage fund cash balances and ensure secure funding in the Money Markets.
  • Review and process FX netting of positions with Fund Prime brokers.
  • Liaise with counterparties, fund administrators and custodians on trade and settlement matters.
  • Review long-form confirmations to verify that all trade attributes are accurate.
  • Contribute ideas to improving efficiency and controls. Assist with initiatives that support these efforts.     
  • Escalate and resolve all potential and actual issues in a timely manner.
 

Key attributes and skills:
 

  • 0-2 years’ experience with a top tier financial services institution
  • Strong knowledge of fixed income products and their workflow is preferable.
  • Accuracy, organization, and attention to detail are critical.
  • Excellent communication skills are necessary to negotiate and interface with internal and external contacts.
  • Prior knowledge of Markitwire, DTCC and OTC Clearing very beneficial.
  • Knowledge of different financial instruments such as bonds, futures, foreign exchange, and derivatives is required.
  • Experienced user of both Bloomberg and Microsoft Excel.

 

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