Operations Associate

A motivated Operations Associate is sought to join the Operations team, playing a critical role in supporting trading activities and ensuring accurate and timely processing of trade data. The ideal candidate will possess strong experience in the middle office from both sell-side and buy-side perspectives, with a specialization in credit default swaps (CDS). This position offers an excellent opportunity to enhance the operational efficiency of a leading hedge fund.

Key Qualifications:

• 2-3 years of experience in a CDS middle office role at a bank, along with 1-2 years of buy-side operations experience. Alternatively, candidates with 5 years of experience in a CDS middle office role at a bank will also be considered.

• Proficiency in TradeServ and ICELink.

• Proven ability to troubleshoot issues with counterparties and support desks using TradeServ and ICELink.

• Experience with Equity Total Return Swaps (TRS) and OTC derivatives processing, including lifecycle events (resets).

• Familiarity with equity-related corporate actions (splits, spin-offs, etc.).

• Knowledge of VBA is preferred.

Key Responsibilities:

• Reconcile daily trades, investment positions, and cash balances with external parties, including banks, prime brokers, counterparties, and custodians.

• Review and process OTC long-form confirmations and electronic confirmations via platforms such as TradeServ, ICE, CME, and MarkitWire.

• Maintain data integrity, including updates to the security master, fee/commission schedules, and holiday calendars.

• Assist in the development and enhancement of operational processes.

• Resolve settlement discrepancies for cash securities, including equities, bonds, and listed options.

• Execute the firm’s end-of-day P&L process and identify any issues that may impact P&L.