Operations & Distribution

Hedge Fund Operations Manager - London

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My client, a top Hedge Fund, is looking for an Operations Manager.

Job Code: 04112016
Location: London
Pay Rate: Excellent plus excellent bonus.
Duration:
Travel:

Job Description:

My client, a top West End based Hedge fund, is looking for an operations manager.

Responsibilities

Operational

  • To accurately check that trades reported by traders align correctly with broker versions for all of the products that the Company trades, and liaising with the trading team regarding trade discrepancies that arise.
  • Liaise with executing and clearing brokers on a day-to-day basis to correctly list all new and outstanding account discrepancies, including following up with brokers regarding the status of outstanding items.
  • Resolve queries received from clearing brokers in a timely and accurate fashion.
  • Perform daily financial reconciliations of the account balances, positions, trades and prices in a timely and accurate manner.
  • Effectively maintain customer commission rate set-ups within the client accounting system in accordance with the rates charged by clearing the brokers.
  • Make timely and accurate journal to the client accounting system in respect of cash, foreign exchange, commission, interest and profit and loss adjustments.

Management

  • Perform ‘review sign-off’ of all team functions on a regular and ad hoc basis to ensure any team errors are identified as early as possible and dealt with appropriately.
  • To manage the functional requirements within the appointed team to ensure that all tasks are addressed in a timely fashion and any concerns are escalated accordingly
  • To select, recruit, develop, motivate and retain all direct reports to ensure the success of the Company, in accordance with contemporary employment legislation.
  • To mentor team members, ensuring that they exercise the highest standards of ethics and due care in safeguarding the interests of clients; and to encourage and foster an environment of open disclosure to promptly address errors or misrepresentation.
  • Formulate and delegate ad hoc projects to further team performance and functionality.
  • Effectively contribute to the training of new team members.
  • To define and implement the departmental strategy in alignment with the Company’s objectives, as authorised by the Board of Directors.
  • Assume manager responsibility in manager’s absence.
  • To represent the Company at relevant industry meetings, seminars, awards and dinners as appropriate, and to provide media comment as necessary.
  • These and any other responsibilities as may reasonably be requested.

Requirements

  • Strong academic attainment.
  • Previous exposure to derivatives and/or equity markets, with a focus on trade confirmation and reconciliation.
  • Effective verbal and written communication.
  • Articulate presenter.
  • Financial Services, Hedge Community Trading and Asset management experience.
  • Contemporary financial and regulatory awareness.
  • The ability to motivate experienced career professionals.
  • Diligence and attention to detail.
  • Flexibility and ability to work under pressure and to deadlines.
  • Ability to recognise process deficiencies and design improvements.

You would need to have experience as an operations manager at a hedge fund and an excellent Educational background to be considered for this role.

Preferred Skills: