Job Description
Job Title: Senior Associate, Hedge Fund Trade Operations
Location: Dublin, OH (hybrid) or Union, NJ (hybrid)
About the Role
Trade operations is a functional group that is responsible for providing middle office services to Institutional Money Managers and Global Hedge Fund clients. The Senior Associate supports the timely, accurate confirmation, Fail trade monitoring and settlement of client trades across Equity, Fixed Income, FX (spot and forward) and other asset classes.
How You Will Make An Impact
- Work with clients, brokers, custodians and prime brokers to resolve any issues, and to ensure on time confirmation and settlement of trades, FX spots and forwards, and other asset types
- Research market standards and practices, in order to ensure stored client and broker data is up to date, and outgoing SWIFT messages are in compliance with the latest best practices
- Inform and instruct the necessary parties of ad-hoc and daily cash and security movements related to collateral and variation margin movements
- Identify potential issues, and escalate to the appropriate parties, both internal and external, in a timely manner
- Maintain all team procedures to ensure they are updated, completed, and maintained across all clients and processes
- Develop and maintain strong working relationships with both internal and external stakeholders
- Research and inform impacted parties of any upcoming market and regulatory requirements and changes
- Identify processes or other areas in need of improvement, and work with technology and the other relevant parties to develop, test, and execute the necessary changes
- Understand and mitigate risk associated with late settlement of cash and securities transactions including market penalties, buy-ins, claims, etc.
- Perform adequate due diligence to completely resolve all issues, in a timely manner, in order to avoid any financial or reputational impact
- Compile and prepare wire transfer instructions for fund expenses and investments in accordance with fund manager instructions
- Maintain and update vendor and counterparty wire instructions
Required Experience
- Bachelor's degree; preferably with a concentration in finance, economics, or related discipline
- 2-4 years of relevant work experience
- Self-starter with excellent analytical and problem-solving skills
- Strong attention to detail
- Ability to efficiently prioritize daily processes, ad-hoc requests, and any issues escalated by clients or other parties
- Intermediate or higher Excel proficiency
- Ability to communicate professionally and effectively with both internal and external stakeholders
- Proven ability to work independently in a hybrid environment
- High level of computer literacy, and capability to learn new systems quickly
- Team player mentality
- Ability to comprehend the importance of data security and comply with firm wide procedures
- Knowledge of financial products such as equities, options, futures, mutual funds, collateral, and bonds
What Sets You Apart
- Experience and/or familiarity with market vendor products, such as Bloomberg, DTCC, OSTTRA (MarkItWire,MarkItServ) etc.
- Familiarity with SWIFT messaging
- Interest in learning about foreign markets and global market practices
Join SS&C, where innovation meets global opportunities. Click here to apply.
#LI-HW1
#LI-Hybrid
Unless explicitly requested or approached by SS&C Technologies, Inc. or any of its affiliated companies, the company will not accept unsolicited resumes from headhunters, recruitment agencies, or fee-based recruitment services.
SS&C Technologies offers a comprehensive total rewards package designed to support your wellbeing, growth, and future. Our benefits include medical, dental, and vision coverage; a 401(k) plan with company match; paid time off, holidays, and parental leave; and professional development reimbursement opportunity.
Applications will be accepted on an ongoing basis until the position is filled.
