Collaborating with a hedge fund and investment management firm headquartered in Connecticut, boasting additional offices across the US. Specializing in quantitative trading and alternative investments, the firm implements a variety of strategies, including statistical arbitrage, algorithmic trading, and machine learning techniques, to oversee investment portfolios across a range of asset classes.
They are seeking a Hedge Fund Trade Operations Associate responsible for ensuring timely trade confirmation and settlement through communication with portfolio managers, traders, brokers, and other stakeholders. This role includes managing daily deliverables and handling a range of trading and operational tasks. The associate will work closely with teams from Trading, Fund Accounting, Technology, and Risk to oversee the entire trade lifecycle across various asset classes, such as equities, exchange-traded and OTC derivatives, FX, and fixed income products.
Responsibilities
- Assist with trade bookings, life cycle events, P&L inquiries, and daily reconciliations.
- Handle trade allocations, affirmations, settlements, and options exercises/assignments.
- Stay current on industry best practices to enhance operational policies and procedures.
- Monitor third-party platforms (prime broker portals, administrator systems) for trade management.
- Collaborate with Reconciliation and Control teams to ensure accuracy and resolve issues promptly to prevent financial or reputational risks.
Requirements:
- Over 4 years of relevant experience.
- Experience with futures delivery processing is a plus.
- General knowledge of financial products (equities, fixed income, options, swaps, futures, foreign exchange) in domestic and global markets
- Strong understanding of exchange-traded derivatives and fixed-income securities preferred.
