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The Operations team is responsible for the processing and reporting of the firms trading activities post execution.
The daily reconciliations cover trades, positions, and marks against clearing brokers, adjustments for any corporate actions and other life-cycle events, and checking fees posted by brokers against those computed internally.
P&L and returns generated internally are validated against the figures delivered by the fund administrator.
These processes are critical in ensuring that algorithms / traders base their decisions on the correct start-of-day positions, and that returns reported to investors are based on confirmed and validated activity.
Having processed all internal trade and position records, Operations will use these data to comply with regulatory (e.g. AIFMD) and other 3rd party reporting requirements, and to present senior management and fund directors with key performance metrics and other trading related statistics.
Work closely with the Product Control team during the month end process for NAV sign-off.
The team works closely with multiple areas in the firm, including Execution, Legal & Compliance, Fund Accounting, Investor Relations, as well as Core Technology. Cross team collaboration is part of daily routines and large projects, often driven by Operations.
As a firm, they champion suggestions to improve and, where possible, automate processes in all areas, and the same applies to Operations. Indeed, the team takes pride in being actively involved in the development of scalable processes surrounding reconciliations and reporting. Depending on the team members' technical abilities, he/she will be allocated time on such coding (C#, Java, etc) based enhancements.
Similarly, they encourage all team members, regardless of seniority, to participate in discussions surrounding strategic decisions and aspects impacting the wider aspects of the firm's trading operations. Being exposed and involved in trading, risk monitoring, performance reporting, as well as regular discussions with internal stakeholder groups, brokers and investors, experience in Operations can form the basis of a well-rounded understanding of the various aspects impacting a fund manager like them.
Logically minded, with strong academics – minimum 2:1 in an analytical field from a reputable University
Up to 2 years' experience in a similar operations capacity. Recent Graduates will also be considered once they can demonstrate transferable skills and a desire to develop in this area.
Excellent Excel skills – you need to interrogate and summarise large data sets
Being proficient in SQL is seen as considerably advantageous
Natural problem solver – you can break complex problems into solvable parts
Being organized – you naturally structure your responses to problems presented
Diligence and attention to detail – a perquisite for reconciliations (spot-the-difference)
You can multi-task, yet focus on completing priorities
Passion to learn more and use your knowledge to add value in the team