Hedge Fund

Operations Associate, New York, NY

Operations Associate (New York, NY): Our client, a billion dollar hedge fund trading diverse products, is seeking an intelligent, diligent, and experienced operations professional to join their team.  As part of an intimate team, the Operations Associate will be working alongside the Operations Manager and CFO to handle all aspects of operations for the fund.


Key Points:

·         Performance in 2017 was up over 15%

·         Fund trades across equities, bank debt, fixed income, credit, credit derivatives, and other investment products offering this individual exposure to a broad spectrum of investment products 

·         Tremendous exposure to all areas of the operations function 


·         Daily cash and position reconciliation, oversee OTC TriOptima reconciliation (OTC collateral, MTM, and position reconciliation); handle trade settlements 

·         Assist in CDS settlements in ICELink and DTCC; manually calculate delayed compensation, cost of carry, and paydowns related to bank debt settled and unsettled positions

·         Verify monthly AI and position with the bank debt agent; liaise with prime and executing brokers to resolve any trade discrepancies and issues 

·         Work with the fund administrator to ensure accuracy of reporting reconciliations and trade files 


·         3-6 years of operations experience in the alternative asset management industry; relevant product knowledge, specifically with all listed and foreign equity and fixed income products, credit default swaps, equity swaps, interest rate swaps, and par and distressed bank debt trades

·         Solid Excel and Bloomberg skills; working knowledge of Eze Castle and OMS/EMS trade capture software

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