Our top tier Investment Management client has nearly $30bn AUM across hedge funds, private equity-style vehicles, and real estate assets. Our client specializes in value‐oriented, event‐driven, and distressed investments for endowments, foundations, pension funds, sovereign wealth funds, and other institutional investors. The firm maintains offices in Dallas, Los Angeles, New York, London, Seoul, Shanghai, Tokyo, and Hong Kong.
THIS ROLE CAN SIT IN EITHER LOS ANGELES OR DALLAS
Responsibilities
• Asset/Cash/Trade Reconciliations
o Review prime broker/custody position and cash reconciliations performed by our third-party vendor. Provide guidance and feedback to our vendor and troubleshoot any break issues.
• Asset Transfers for Treasury/Portfolio Financing:
o Set up free deliveries and free receives via swift o Setup DVPs, RVPs via letter of instructions (LOIs)
• Trade Affirmation / Confirmation:
o Affirm daily trade blotter between our accounting system Geneva and the counterparties
o Track confirms with swap counterparties o Review confirms to agree terms per trade ticket o Troubleshoot any trade discrepancies with the trading desk
• Collateral Management:
o Respond to collateral / margin call notices by verifying accuracy of collateral call and wiring funds to counterparties o Track, pull/post collateral from/to counterparties
o Reconcile collateral cash, including the monthly booking of interest receivable/payable per fund
• Derivative Settlements:
o Verify settlements of derivative trades including Total Return Swaps, Credit Default Swaps, Interest Rate Swaps, and OTC Options.
o Review and process monthly/quarterly rolls o Monitor / book paydowns, write-downs, credit events
• Repos:
o Communicate new repo trades to our custodian banks and follow trade through settlement o Monitor repo trades booked into Geneva from our Order Management System (OMS) and instruct cash movements to/from counterparties and to/from our banks
o Monitor and review for margin calls related to repos
• Corporate Actions:
o Gather key details and relevant documents for analysts and Portfolio Managers to analyze. Ability to read through legal documents and complete subscription forms and documents a plus. o Complete the full life cycle of the corporate action: elect, track settlement date, analyze payout ratios and calculate expected proceeds, book corporate action in Geneva, coordinate with trading desk if they sell the new proceeds, relay information to the fund admins, check tax lots and calculate PNL impact
o Track and elect for proxy events as well as handle SEC NPX filing o Work closely with our vendor for class action events and verify/book proceeds into Geneva
• Miscellaneous projects/tasks:
o Work with our Treasury system to test for system upgrades o Improve our swift capabilities for free deliveries and repos as well as other Operational processes
o Onboard new accounts, map trade files, map accounting system Requirements Education:
• Business/Accounting/Finance degree from accredited university.
Qualifications:
• Product knowledge: o Equity, Bond, Mortgage-Backed Securities, Futures, Equity, FX, Repos, Futures, Options, and OTC Derivatives
• Experience with Corporate Actions: tenders, calls, mergers, stock splits, spin-off, Dutch auction, bankruptcy exchanges etc.
• Strong verbal and written communication skills
• Must be detail-oriented with exceptional research, troubleshooting and problem-solving skills
• Proven multi-tasking ability
• Excellent time-management and organizational skills
• Ability to work in a fast-paced environment, identify and mitigate risk
• Knowledge of back-office and front-office systems: General Ledger; Reconciliation; Collateral Management; Order Management. Bloomberg
• Geneva knowledge a plus. Otherwise, proficiency with accounting software. PROPRIETARY & CONFIDENTIAL
