Operations Associate - Cash & Position Reconciliations

Verition Group LLC

$70K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required.
  • 3+ years of operations or financial services experience; familiarity with Equities, Credit, Derivatives, or Rates is beneficial.
  • Experience with DUCO or similar reconciliation tools preferred.
  • Strong analytical, communication, and problem-solving skills.
  • High attention to detail in a high-volume setting.
  • Ability to prioritize and meet deadlines in a dynamic environment.
  • Team player skilled in cross-department collaboration.

Responsibilities

  • Perform daily cash and position reconciliations across various systems.
  • Investigate and resolve reconciliation discrepancies across multiple platforms.
  • Escalate outstanding issues for prompt resolution.
  • Maintain accurate records of transactions across systems.
  • Identify and address process gaps with stakeholders' collaboration.
  • Respond promptly to requests from Trading, Technology, and Operations teams.

Benefits

  • Opportunity to work in a high-volume transaction environment.
  • Collaborative work culture across Trading, Technology, and Operations.
  • Engagement with advanced reconciliation tools and processes.
Full Job Description
ROLE OVERVIEW

Verition is seeking a motivated Operations Associate to join its Cash & Position Reconciliation team. The Associate will be responsible for daily cash and position reconciliation across a high volume of transactions, multiple accounts, counterparties, and asset classes, leveraging a suite of internal and third-party systems. You will work closely with Trading, Technology, and other Operations teams to ensure accuracy and timely resolution of breaks.

KEY RESPONSIBILITIES
  • Perform daily cash and position reconciliations across internal systems, external platforms, and Prime Brokers.
  • Investigate, analyze, and resolve high-volume reconciliation breaks across multiple platforms and systems.
  • Escalate and drive timely resolution of outstanding breaks.
  • Maintain accurate transaction records across internal and third-party systems.
  • Identify process gaps and partner with internal and external stakeholders to develop and implement solutions.
  • Respond to queries and ad hoc requests from Trading, Technology, and other Operations teams in a timely manner.

REQUIREMENTS
  • Bachelor's degree required.
  • 3+ years of operations or financial services experience; exposure to Equities, Credit, Derivatives, and/or Rates a plus.
  • Experience with DUCO or similar reconciliation tools preferred.
  • Self-starter with strong analytical, communication, and problem-solving skills.
  • High attention to detail and commitment to accuracy in a high-volume environment.
  • Ability to manage competing priorities and meet deadlines in a fast-paced, dynamic environment.
  • Collaborative team player comfortable working across Trading, Technology, and Operations functions.

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