Operations Associate

• Location: West LA, California
• $90000 - $120000 base salary
• Remote: Remote
• Type: Direct Hire
• Job #956
• Salary: $90,000.00

A multi-billion dollar investment manager specializing in credit-related investments is seeking an Operations Associate. The firm employs a flexible, value-oriented, and risk-controlled approach, focusing on complex and less followed opportunities. As a key member of the Operations team, the Operations Associate (OA) will play a pivotal role in overseeing the investment portfolios managed by the firm. The OA will significantly enhance our trading operations by actively collaborating with technology teams, the back office, and external vendors to refine and automate the trade capture process, ensuring its scalability and efficiency.

Responsibilities:

• Develop a deep understanding of the trade capture and trade settlement process
• Monitor the daily life of trade of all traded securities with an emphasis on derivatives, fixed income, private credit transactions, and structured credit assets
• Liaise between trading desk, prime brokers, and custodians, and executing brokers to fix any trade-related issues and discrepancies
• Assist in trade life cycle events related to private and structured asset investments, including complex SPV structures, restructurings, reorganizations, securitizations, and other transactions related to asset servicing
• Corporate Actions Specialist
• Oversee and effectively manage the entire corporate actions process, ensuring smooth operation and compliance with established guidelines.
• Acquire extensive knowledge of the firm's specific corporate action procedures to enhance efficiency and accuracy.
• Generate daily reports highlighting upcoming corporate actions including voluntary, mandatory, and proxy-related events, and disseminate this information effectively to the investment team.
• Collaborate with third-party accounting and fund administration teams, ensuring all corporate action-related activities are properly booked and processed in a timely manner.
• Uphold detailed procedural guides and robust process controls relating to corporate actions to maintain the highest standards of operational integrity.
• Assemble additional corporate action reports as required, demonstrating adaptability to ad-hoc tasks and the ability to deliver accurate information promptly.
• Review daily cash and position reconciliations
• Monitor daily cash reconciliations for any cash reconciling items to ensure up-to-date cash balances for funds managed by the firm
• Monitor daily position reconciliations for any position-related differences to ensure accuracy of internal reporting and Order Management System
• Respond to any cash and position-related inquiries from the investment team and service providers
• Look for opportunities to improve and add value to an ever-changing operating support model.
• Drive change through collaborating with teams and resources to facilitate the ongoing development of a best-in-class operating support model of internal and outsourced middle and back office.
• Manage third-party vendor relationships and oversee all outsourced operational service providers to improve trade capture, confirmation, and settlement, data integrity, trade life cycle events, and P&L reporting.

Qualifications

• Undergraduate degree with a track record of strong academic performance
• 4-7 years of experience in accounting, hedge fund administration, valuation, or finance
• High Yield/Credit hedge fund background preferred with solid product knowledge of credit products
• Detailed and strong data analysis and Excel skills.
• Excellent interpersonal skills in both the written and verbal form
• Demonstrated ability to resolve complicated issues
• Experience or Knowledge with EZE OMS, Geneva, Hazeltree, Solvas, and/or WSO a plus
• Personal Attributes
  • Highly organized and detail-oriented
  • Persistent and self-motivated with the ability to work
  • Interest in hedge fund operations as a career