Position Summary:
The Operations Manager will be responsible for managing the day-to-day operational functions of the hedge fund, ensuring seamless execution of trades, compliance with regulatory requirements, and the efficient management of resources. This role requires a strategic thinker with a strong background in operations management, financial services, and a keen eye for detail.
Key Responsibilities:
- Oversee the execution and settlement of trades, ensuring accuracy and timeliness.
- Perform daily reconciliation of cash, trades, and positions with prime brokers, custodians, and counterparties, ensuring prompt investigation and resolution of trade discrepancies and settlement issues.
- Ensure all operations comply with regulatory requirements and internal policies.
- Implement and monitor risk management processes to mitigate operational risks.
- Prepare and analyze daily, weekly, and monthly operational reports for management review.
- Identify opportunities to streamline operations and implement best practices for efficiency.
- Lead and mentor the operations team, fostering a collaborative and high-performance culture.
- Manage relationships with external vendors and service providers to ensure quality and cost-effective services.
- Work closely with the IT department to integrate and optimize technology solutions that support operational functions.
- Liaise with clients and investors to address inquiries and provide updates on fund operations.
Qualifications:
- Bachelors degree in finance, Business Administration, or a related field. Master's degree or professional certification (e.g., CFA, CPA) preferred.
- Minimum of 6 years of experience in operations management within the financial services industry, preferably in a hedge fund, asset management firm or investment bank.
- Strong understanding of financial markets, trading systems, and regulatory requirements.
- Proficiency in financial software and tools, with strong analytical and problem-solving skills.
- Proven ability to lead and manage a team, with excellent communication and interpersonal skills.
- Highly detail-oriented with the ability to manage multiple tasks and deadlines effectively.