Hedge Fund Operaations Associate

Hedge Fund
-Operations Associate
-175-250k all in!

About the Firm

We are an $8 billion multistrategy hedge fund known for our rigorous investment process and an internal culture that prioritizes collaboration, intellectual curiosity, and professional growth. Unlike larger, siloed institutions, we operate with a flat structure where every team member has a "seat at the table." This role offers a unique opportunity to gain 360-degree exposure to the front office and every financial product we trade globally.

The Role

We are seeking a high-caliber Operations Associate to support our Portfolio Operations team. This is not a "back-office" silo; you will be an integral bridge between the front office, our Prime Brokers, and our Administrator. You will touch every product in our portfolio, spanning global equities, fixed income, and complex OTC derivatives.

The ideal candidate will bring a proactive mindset, likely coming from a Prime Brokerage platform or a peer hedge fund. Experience in Securities Lending is a significant plus, as you will play a key role in managing our financing and borrow relationships.

Key Accountabilities

• Trade Lifecycle Management: Ensure accurate daily booking of all trade and non-trade activities (daily trades, settlements, position/cash transfers, corporate actions, and financing) across internal shadow books, Prime Brokers, and our Fund Administrator.
• Front Office Support: Process daily trades from the blotter to internal records and counterparts, ensuring timely execution and distribution of End-of-Day Profit and Loss (P&L) summaries.
• Shadow Accounting & Reconciliation: Review daily Prime Broker cash and position reconciliations; identify and resolve actionable breaks immediately.
• Counter party Management: Maintain and leverage working relationships with 10+ Prime Brokers and 25+ OTC counterparts to resolve trade inquiries and facilitate efficient processing.
• Treasury & Collateral: Monitor collateral shortfalls or excesses at ISDA counter parties and manage OTC-related settlements.
• Security Master Oversight: Review security set-ups to ensure proper interest, financing accruals, and paydown logic are applied correctly.
• Onboarding & Integration: Partner with new counterparts on account setups, trade files, and the distribution of essential data across the firm’s infrastructure.

Qualifications

• Experience: 2–6 years of experience in hedge fund operations or prime brokerage.
• Product Knowledge: Deep exposure to globally traded securities including Equities, Fixed Income, and OTC Derivatives.
• Technical Skills: Strong understanding of trade allocations, settlements, and the mechanics of securities originations.
• Securities Lending: Prior experience in stock loan/securities lending is highly preferred.
• Education: Bachelor’s degree in Finance, Economics, or a related quantitative field with a strong GPA.
• Mindset: A "no task too small" attitude with the ability to thrive in a high-pressure, front-office-facing environment.