Operations Associate - Equities Focus

About Verition Fund Management

Verition Fund Management LLC is a global multi-strategy hedge fund specializing in equity, fixed income, and derivatives markets. Its US offices form the core of operations, supporting diverse investment strategies across international markets.

Role Overview

We are looking to hire a driven Operations Associate to join our Middle Office Trade Support team. This position is responsible for managing daily operational tasks related to equity and credit trading activities, such as trade capture, affirmation, corporate actions, and reconciliation across multiple markets, custodians, and prime brokers. The Associate will coordinate closely with Trading, Portfolio Management, and other Operations personnel to guarantee precise data and swift resolution of discrepancies.

Key Responsibilities

• Manage daily operational activities involving equity and credit trade capture and affirmation across various markets and custodians.
• Utilize knowledge of corporate actions processing including dividends, stock splits, mergers, and rights issues to ensure accurate updates in internal systems promptly.
• Conduct cash and position reconciliations comparing internal records versus prime brokers and address any mismatches.
• Collaborate with trading desks and portfolio managers on issues related to settlement failures, data inconsistencies, and pricing.
• Contribute to enhancing trade flow processes, commission schedules, and related operational documentation.
• Assist in private deal processing and manage DWAC/DRS transfer workflows.
• Apply fundamental understanding of profit and loss calculations to aid Portfolio Manager inquiries as needed.
• Support the onboarding processes for new brokers, custodians, and counterparties ensuring operational preparedness.

Experience and Requirements

• Minimum of 3 years experience in investment management or fund operations is necessary.
• Previous work experience at a hedge fund, asset management firm, or prime brokerage is preferred.
• Familiarity with custodian and prime brokerage relationships is required.
• Strong Excel skills including pivot tables, VLOOKUP/XLOOKUP; knowledge of macros is advantageous.
• Experience using order management or portfolio management software, such as Bloomberg AIM or FLEX, is a plus.
• Exceptional analytical abilities with keen attention to detail and aptitude for meeting tight deadlines.
• Excellent communication talents for effective coordination within teams and external parties.
• Understanding of private deals and DWAC/DRS transfer processes is beneficial.
• Exposure to derivatives, fixed income, or multi-asset operations besides equities will be considered an asset.