Job Description
OUR CLIENT: A prominent player in the hedge fund industry, known for its robust investment strategies and global presence. It operates with a focus on leveraging advanced quantitative models and in-depth market analysis to capitalize on opportunities across various asset classes. The firm maintains a reputation for innovation and agility in navigating financial markets, catering to institutional investors seeking high returns and risk management solutions.
THE JOB: This pivotal operations role provides dedicated support to investment professionals engaged in the trading of exchange-traded derivative instruments, specifically focusing on interest rates, listed derivatives, and options products. A primary emphasis will be on ensuring the integrity of transaction data within a regulated marketplace through meticulous reconciliation processes, particularly on major North American exchanges. The ideal candidate will possess deep practical experience with back-office trade processing platforms, coupled with a solid understanding of regulatory reporting requirements, instrument static data governance, collateral management, and internal ledger reconciliation.
Flexibility to accommodate non-standard work hours is also required.
Key Responsibilities:
- Orchestrate and maintain daily trade clearing and position reconciliations across multiple systems, leveraging specialized reconciliation tools and exchange-provided data feeds.
- Administer the firm’s operational account structures, including detailed and summary accounts, interest accruals, regulatory reporting hierarchies, and collateral valuation adjustments within internal processing and clearing systems.
- Execute daily regulatory adjustments related to position reporting and open interest.
- Investigate and resolve discrepancies identified through the analysis of exchange-generated reports, reconciling differences against the firm's internal transaction records.
- Serve as a primary liaison with exchanges and regulatory bodies, responding to inquiries and facilitating the resolution of issues pertaining to trade and position reporting, compliance and collateral-related matters.
- Collaborate with diverse internal and external stakeholders to establish and uphold robust operational procedures, ensuring effective controls and risk mitigation strategies are in place.
- Contribute to various ad-hoc projects and strategic initiatives, partnering with colleagues across the organization to drive process enhancements and innovation.
- Cultivate strong working relationships with trading desks to efficiently address daily operational queries and maintain a controlled environment.
Qualifications & Experience:
- A minimum of 5 years of substantive experience within the financial services industry.
- Demonstrated expertise in the clearing operations function, preferably within a brokerage or futures commission merchant environment.
- Essential knowledge of back-office clearing platforms, encompassing reconciliation systems, front-end clearing applications, and regulatory position reporting frameworks (i.e. GMI, FIS) .
- Proficiency in data manipulation and analysis using spreadsheet software, including the ability to utilize macros, pivot tables, and manage extensive datasets.
- Exceptional verbal and written communication skills, with a proven ability to interact effectively with diverse audiences.
- Proven track record of successfully implementing and maintaining new operational processes, procedures, and control mechanisms.
- A quick learner, capable of managing multiple priorities and performing effectively under tight deadlines.
- Highly organized, self-motivated, with a strong focus on detail and accountability.
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