Job DescriptionThe AVP will play a vital role in ensuring the smooth functioning of Prime Brokerage activities, acting as a client-centric operational expert. They will oversee daily client servicing, trade support, and settlements, collaborating closely with Front Office, Operations, Risk, Finance, and Technology teams. This role demands a strong understanding of Equity and Fixed Income products, along with exceptional communication and problem-solving skills.
Responsibilities- Serve as the primary point of contact for client operational inquiries, ensuring timely and accurate responses.
- Expertly manage trade support functions, including trade capture, allocations, and settlement issue resolution for Equity and Fixed Income products.
- Monitor client trade activity, cash movements, financing balances, and settlement obligations on a daily basis.
- Coordinate with internal teams to resolve trade breaks, fails, and reconciliation discrepancies efficiently.
- Review and oversee the completion of daily operational controls, processes, and reporting requirements.
- Support the onboarding and maintenance of Prime Brokerage client accounts, ensuring all documentation is in order.
- Partner with Risk and Finance teams to monitor exposure, financing activity, and operational risk, providing valuable insights.
- Drive process improvement initiatives, automation, and operational scalability to enhance efficiency.
- Escalate operational, settlement, and control issues promptly, ensuring effective resolution.
- Participate in strategic projects, system testing, and business initiatives, contributing to the overall success of the Prime Brokerage team.
Qualifications- Bachelor's degree in Finance, Accounting, Economics, or a related field is required.
- A minimum of 5 years of experience in Prime Brokerage, Middle Office, Operations, or Capital Markets support is essential.
- In-depth knowledge of Equity and Fixed Income products, along with Prime Brokerage operations, is a must.
- Understanding of financing concepts, settlements, and broker-dealer operations is crucial.
- Excellent analytical and problem-solving skills, with a keen eye for detail, are necessary.
- Strong verbal and written communication skills, enabling effective interaction across business lines.
- Ability to manage multiple priorities in a fast-paced environment, while maintaining a client-centric focus.
- Proven track record of working independently, yet contributing to a collaborative team environment.
- Proficiency in Microsoft Excel and operational support systems is preferred.
- Prior experience supporting hedge fund or institutional Prime Brokerage clients is an advantage.
