Here are sample job advertisement for these types of roles…
Hedge Fund Operations Analyst
Our client is seeking an analyst in support portfolio operations. The role will focus on such functions as trade settlements, trade allocations, securities originations and reconciliations to our Prime Brokers. The position will have exposure to globally traded securities, spanning multiple financial markets
Key Accountabilities of the Role
- Review daily Prime Broker cash and position reconciliations, resolving breaks with the appropriate parties in a timely manner
- Shadowing of administrator of all trade and non-trade relate cash activities to the Prime Brokers, Banks, and ISDA counterparties for open settlements
- Equity and Bond Swap processing of Interest and Financing Accruals at month-end, Monthly Reset processing, etc
- Daily / Monthly Statements organizing in sub folders for easy reference chasing statements, etc
- Review of collateral shortfalls or excesses at ISDA c/ps ( to Shadow JPM)
- Book Keeping of Cash at Bank related entries in Geneva for Linden and Managed accounts
Prerequisite knowledge, skills and experience
- 2 – 4 years of experience in alternative Investments operations
- A proficiency with excel is highly recommended
- A proficiency with Advent Geneva
Equity Trading Operations Manager
Hold Brothers Capital, LLC – New York, NY 10036
Hold Brothers Capital, LLC, is a leading self-clearing broker/dealer and equity trading firm, located in Midtown Manhattan. We are currently poised for growth, are ramping up our existing trading operations team, and are looking to bring on operations professionals at levels ranging from Specialist to Senior Manager. EXPERIENCE AT A CLEARING FIRM OR SELF CLEARING BROKER DEALER A BIG PLUS.
Essential Functions
- Oversight and monitoring of the proprietary and customer trading activity
- Responsible for daily settlements with DTC and NSCC, and reconciliation of bank accounts used by the firm
- Assist the P&S department in resolving trade breaks with correspondents and trading accounts.
- Respond to regulatory inquiries and compilation of all other regulatory monthly reporting
- Closely monitoring the firms accounts for trading activity that appears unusual
- Working closely with compliance and accounting areas on reconciling all trading activity
- Help optimize all back-office processes and assist with trading projects related to process improvement
- Senior Manager role will have management duties overseeing the operations team
- All other duties as assigned
Position Qualifications
Education:
- Bachelor’s degree preferred, preferably in the areas of Finance or Accounting
- FINRA Securities licenses Series 7 and/or Series 99
Knowledge and Skills:
- A minimum of 3+ years of operations experience in a trading or brokerage environment.
- Experience at a self-clearing broker dealer or a clearing firm preferred
- Proficient understanding of equities day trading is a plus
- Analytical, quantitative mindset with a keen attention to detail
- A self-starter able to work independently or as part of a team
Job Type: Full-time
Experience:
- Trading Operations: 3 years (Preferred)
Location:
- New York, NY (Required)
License:
- Series 7 and 99 (Preferred)
Trading Operations Analyst
Trading Operations Analyst
Location New York – New York
Full TimeImagine a job where you will have the opportunity to do exciting and challenging work, while collaborating with extraordinary colleagues. A company that invests in you and your career, providing the training, mentoring, development and support you need to be successful now and in the future. If you want a career without limits with a market-leading family-owned, global company where you can make an impact, then imagine an opportunity at Heraeus. Every day, our worldwide team of nearly 15,000 employees are bringing forward new ideas and solutions that are impacting and transforming everything from healthcare to renewable energy to e-mobility to high-tech and telecommunications.
As an employer, we offer open space – For Designers. For Forward Thinkers. For Doers. Innovation has been the secret of our sustained business success for 165 years, and you can have the opportunity to apply your knowledge to help us write that next chapter of success.
Here are just a few of the things you will get to do:
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- Ensure the proper processing and execution of precious metals trades. Works with traders in day-to-day operations by executing trades, using SAP.
- Manages the safe and prompt physical shipments of high-value company inventory. Advises traders on best shipment practices and alerts traders and customers of metal arrival schedules.
- Communicates with customers regarding shipments, confirmations, and payments; confirms trades.
- Manages the full operational life cycle of all trades including:
- Creates pool account transfers.
- Reconciles pool/lease accounts and confirmations with customers and affiliated companies.
- Reconciles daily future trades. Matches daily future positions based on broker’s statement and monthly reconciliation of open and closed futures
- Maintains daily fixing, future, and spot prices in the system.
- Maintains monthly contracts in system in coordination with traders.
- Maintains metal specifications, certificates of conformance, etc., and matches same with customer requirements.
- Assists Supervisor with daily cash requirements.
- Monitors and approves invoices received from Vendors.
- Check and validate daily margin requirements with brokers.
FOR OPEN MINDS.
We are looking for people who are not just open to new ideas, but want to bring fresh thinking, energy and a creative perspective to their work. Some of the traits and qualifications the ideal candidate would possess include:
- A Bachelors Degree in Accounting or Finance, and a minimum of five years of experience trading operations within a precious metals or similar commodity environment. The equivalent combination of education and experience will be considered.
- Must demonstrate attention to detail and organizational skills with the ability to multi-task
- Must communicate effectively internally and externally, exhibiting high focus on the customer.
- Proficiency in Microsoft Office is required – focus on MS Excel.. Experience using SAP is preferred.
Middle Office Analyst
About the OpportunityA fund management firm in New York City is currently seeking a new Middle Office Analyst for a promising position with their growing Middle Office team. In this new role, the Middle Office Analyst will be responsible for providing middle office support across the business as well as a broad scope of trade support functions and managing the trade lifecycle. Apply today!
Company DescriptionFund Management Firm
Job Description
The Middle Office Analyst will:
- Manage trade capture of all products, including but not limited to, derivatives across equities, credit, rates, and FX
- Assist the Portfolio Managers in monitoring the risk platform and troubleshoot any issues
- Monitor affirmation platforms and ensure all risk / booking is correct
- Work closely with Sales counterparts and the Operations team to ensure trades are allocated and settled
- Manage affirmation of trades on matching platforms
- Produce daily, weekly, and monthly reporting for investors as well as internal teams
- Lead process improvements, including: evaluating existing processes; recognizing inefficiencies or gaps; and, helping to implement new processes and develop documentation
- Monitor control functions, including reconciliations, breaks, and EOD checks
- Handle other duties, as assigned
Required Skills
- 4+ years of Middle Office / Operations experience
- Bachelor’s Degree in Accounting, Finance, and/or a related field
- Previous experience with: Equities; Equity Derivatives; Fixed Income; Foreign Exchange; Interest Rate Swaps; and, Reconciliations
- Strong familiarity with the Trade Lifecycle and Relevant Controls
- Microsoft Excel proficient
- Solid analytical, mathematical, and research skills
- Great interpersonal skills
- Excellent communication skills (written and verbal)
- Strong attention to detail
- Highly organized
Desired Skills
- Working knowledge of Bloomberg
Equity Middle Office
Description
The Equities Middle Office is responsible for a variety of functions supporting the Equity Derivative, Equity Financing and Cash Equity trading businesses. These responsibilities span across multiple markets and products including otc equity derivatives, cash equities, exchange traded derivatives, and margin loans.
The Equities Middle Office is responsible for a variety of functions supporting the Equity Derivative, Equity Financing and Cash Equity trading businesses. These responsibilities span across multiple markets and products including otc equity derivatives, cash equities, exchange traded derivatives, and margin loans.
This role will focus on regulatory requirements of trade reporting across the business and daily support of the Exotics Financing business. The individual will work closely with traders, technology, product control, and various other teams across the organization both regionally and globally, ensuring efficient daily operations and controls
Key Responsibilities
- Management of the day to day governance of the Firm’s OATS reporting requirements
- Responsibility for ensuring complete, accurate and timely OATS reporting of all relevant data to FINRA.
- Partnering closely with multiple internal controls areas (Legal, Compliance, Audit, Technology, and the Oats Principal) to ensure the Firm’s Regulatory Reporting requirements are met.
- Liaising closely with the Business, Compliance, and Technology to assess risks and controls for new trading and booking flows, market and exchange changes, and additional regulatory reporting requirements.
- Partnering with Technology to produce and manage a program that insures technology releases and upgrades remain compliant with pertinent reporting requirements
- Improving the Firm’s existing Regulatory reporting framework by assisting in the creation of exception reports for specific lines of business, improving processes and creating a durable control environment.
- Liaising with Exotics Financing traders and counterparties to ensure accurate trade capture
- Coordinating and capturing loan draw down requests for clients
- Preparing and syndicating control materials to be presented in multiple forums for senior trading and operations management
- Identifying areas for improvement and drive change to enhance control and reduce manual intervention
Skills
- Strong analytical and problem solving skills
- Ability to multitask and to work under pressure, prioritizing duties according to risk
- Previous experience in the Financial Services industry, ideally with understanding of Cash Equities products and reporting regulations
- Ability to face off to very demanding stakeholders, managing their expectations but moreover develop strong working relationships with them,
- Excellent problem solving skills in order to identify, understand and address operational and technical issues
- Strong communication skills, both written and verbal. A key aspect of this is the ability to clearly articulate issues and influence resolution
- A self motivated individual who is able to deliver with minimal supervision, whilst also working effectively as part of a team