Operations Analyst/Associate - Post-Trade Support (Fixed Income Operations)

About Verition Fund Management

Verition Fund Management LLC is a global multi-strategy hedge fund specializing in equities, fixed income, and derivative markets. Its U.S. offices coordinate a wide range of investment strategies spanning global markets.

Role Overview

We are looking for a driven Operations Analyst or Associate to join our Post-Trade Support team focusing on Fixed Income Operations. This role involves supporting the post-trade processes for our global fixed income portfolio by collaborating closely with Trading, Portfolio Management, Prime Brokers, Custodians, and other counterparties to ensure precise and timely settlements while maintaining strong internal controls.

Key Responsibilities

• Manage the entire post-trade lifecycle for fixed income products such as government and corporate bonds, agency securities, municipal bonds, repos, and money market instruments.
• Handle trade allocations, confirmations, and settlement processes with custodians, counterparties, and prime brokers.
• Conduct daily reconciliations of trades, positions, cash, and settlements; promptly address discrepancies.
• Oversee settlement activities and proactively handle failed trades, buy-ins, and aging settlement exceptions.
• Collaborate with Trading, Portfolio Management, Treasury, Risk, and external parties to resolve operational issues.
• Administer coupon payments, principal repayments, maturities, corporate actions, and other fixed income lifecycle events.
• Maintain the accuracy of security master data and static information.
• Monitor daily cash flows and ensure sufficient settlement funding.
• Implement daily operational controls adhering to company policies and procedures.
• Support month-end reporting, assist with audit inquiries, and provide regulatory compliance assistance.
• Participate in projects aimed at system upgrades, automation, and process optimization to enhance efficiency.
• Document operational procedures and contribute to business continuity planning.

Qualifications and Requirements

• Between 2 to 5 years of relevant operations experience in fixed income products within hedge funds, asset management firms, investment banks, broker-dealers, or custodians.
• Strong understanding of fixed income trade lifecycle including processing, settlement, reconciliations, and various lifecycle events.
• Familiarity with fixed income instruments covering Treasuries, corporate bonds, agencies, municipals, repos, and money market instruments.
• Experience working with custodians, prime brokers, and other trading counterparties.
• Advanced skills in Microsoft Excel; knowledge of Bloomberg, CTM, SWIFT, or reconciliation software is preferred.
• Excellent analytical thinking, organizational aptitude, problem-solving talents, and meticulous attention to detail.
• Ability to multitask effectively and perform well under pressure in a fast-moving environment.
• A bachelor's degree in Finance, Accounting, Economics, Business, or a related field is preferred.