Operations Associate - Mayfair

Posted 1 week ago by Regency Recruitment

Operations Associate

Working with a new venture sponsored by a leading international Hedge Fund.

The Company will deliver a range of passive fixed income strategies, targeting sophisticated institutional investors. Initially, it will create an array of credit related products that will track customised indices referencing benchmark CDS Indices, Options and Tranches delivered in a UCITs format.

The Role

The Operations Analyst will play a vital role in the early stages of this start-up opportunity. The role will be evolving and will be working closely with COO initially to carve out the operational infrastructure.

Daily activities will include: cash reconciliation and management, managing the trade lifecycle process from broker confirmation to trade settlement and in particular, liaising with outsourced providers for middle office functions, supporting execution traders and portfolio managers, oversight of the out-sourced Fund Administrator relationship and monitoring of daily NAVs.

Main Responsibilities:

Trade / Settlement: To manage the trade lifecycle process from trade input to operations control. Monitoring trade settlement, margin positions, supporting the trading and fund management functions on trade anomalies and producing MIS on trades, execution prices and quality.

Reconciliations: Daily reconciliation of cash positions for the business to service providers ensuring timely and accurate receipt of interest & dividends, settlement of trades and verifying all transactions daily. Issues found to be investigated, resolved and escalated if necessary in a professional, structured manner.

Valuation / Pricing: To manage the valuation and pricing processes including: ensuring the integrity and accuracy of valuation & pricing data and of security master data through reconciliation with Fund Administrator and market data vendors. This function will play a vital part in the Company ecosystem since it will affect the decision making of quants and PMs. The ability to research asset information with data vendors to ensure accurate security data; communicating with data and valuation vendors, brokers, etc. to obtain information regarding assets and implementing Fund Manager instructions.

Updating client portal data and liaising with TPA producing periodic Board Papers, monthly client reporting, QIR (quarterly investment reviews), short reports, factsheets and supporting the RFP process.

Process Review; Analysing the Operational process, producing the Operations Big Book and instigating a living schematic to best understand operational weakness and strengths.

Other Duties:

To liaise as required with third party Fund Administrators, custodians, fund managers, clients and sales teams, outsourced partners to resolve any issues;

Projects- systems implementation and managing process change;

To actively seek methods and means of innovating, automating and improving processes to improve efficiencies; and

To assist with the wider Finance and Operations function, both internal and external, when necessary.

Necessary Skills & Experience:

Numeracy and analytical skills;

Accuracy and attention to detail;

Experience of setting up Business Processing and automation;

Excellent working knowledge of Excel and VBA to include: automation of processes, data extraction and report writing skills.

Good understanding of regulatory and compliance requirements;

Active interest in Financial Services /Asset Management;

Good proven experience of Credit derivatives and fixed income market:

Investment Operations Certificate (IOC) qualified -IMC preferable

Ideally circa 5yrs experience within an Investment Banking environment at VP level


to £60,000 + Bonus circa 50% (dependent upon contribution and company performance) + Share Option Scheme + Benefits

Core Hours: 9am-6pm (with flexibility)

Location: Green Park/ St James’s

To begin: ASAP

Required skills

  • Asset Management
  • Fixed Income
  • Operations Management
  • VBA
  • Credit Derivatives

Application questions

Are you IOC qualified/ have IMC?
Do you need to relocated to work in London?

Reference: 33514055

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