Job Application for Counterparty Onboarding Specialist at Bridgewater Associates

About Bridgewater

Bridgewater Associates is a premier asset management firm, focused on delivering unique insight and partnership for the most sophisticated global institutional investors.

Our investment process is driven by a tireless pursuit to understand how the world’s markets and economies work — using cutting edge technology to validate and execute on timeless and universal investment principles. Founded in 1975, we are a community of independent thinkers who share a commitment for excellence.

By fostering a culture of openness, transparency, and inclusion, we strive to unlock the most complex questions in investment strategy, management, and corporate culture.

Our Culture

Our culture is tied to our mission, which is to understand how the world’s markets and economies work, and to translate that into world-class investment performance. This requires an extraordinary team, defined by the best individuals and the best portfolio of people, operating in an idea meritocracy. In this, we are uncompromising on our shared values of excellence, truth, integrity, humility, and courage. Our aspiration of a vibrant idea meritocracy requires diversity of thought – this comes from diversity of background, identity, experience, and so much more. We pursue inclusion because it’s how we unlock the power of that diversity and make sure the best ideas get heard. To sustain this way of being through lots of years and lots of circumstances, we invest in meaningful work and meaningful relationships – the purpose and joy that comes from tackling something challenging and worthy, alongside people who make us better versions of ourselves.

About the Operations Department:

The goal of the Operations Department is to enable Bridgewater's ongoing investment engine and client requirements by proactively driving solutions through effective management of people, process, and partners in a principled way. Overall responsibilities include:

On & off-boarding support and maintenance of investor accounts, fund launches, trading and settlement counterparties, as well as new markets & instruments
Trade life cycle and portfolio control support (e.g. trade confirmation, collateral, reconciliation, etc.)
Investor and Fund services (e.g. capital flows, various investor reporting, etc.)
Accounting books and records and associated reporting (e.g. NAV);
Tax, Audit & regulatory/compliance support for BW, its funds and clients
Driving industry leading back-office solutions and engaging in thought leadership and strategic partnerships with internal and external stakeholders to shape key outcomes (e.g., BW Front Office, vendors)

Bridgewater has grown rapidly in recent years, transforming from an investment boutique to a leading global institutional asset manager. To manage this excellently, Bridgewater has placed explicit focus on evolving our world-class investment and support infrastructure inclusive of utilizing external partners for key processes. Since Operations processes are mission-critical, the department has evolved the way in which it meets its goals and responsibilities. Bridgewater now operates a unique and innovative “tri-party model” that enables us to remain responsible for investment management and oversight of our back office, while also taking advantage of the independent processes and technology of two strategic partners who are industry leaders in this space.

About the Role:

The Counterparty Onboarding Specialist is directly involved in top priority investment initiatives of the Firm and is a key component of the Operations teams that enable new funds and mandates, markets, and instruments. This position presents a unique opportunity to orchestrate the end-to-end counterparty onboarding process and is a dynamic role that engages with various internal stakeholders including Portfolio Managers, Traders, Attorneys, Credit officers, Operations, and Tax professionals.

You will drive the following responsibilities:

Enabling the launch of new funds and mandates, markets, and instruments by executing the process of establishing credit lines and accounts with counterparties in close coordination with key stakeholders across the firm.
Supporting ongoing reporting and account maintenance as required with counterparties (e.g. AUM, tax forms, AML/KYC, etc.)
Capturing, maintaining, and reporting accurate critical counterparty reference data to key internal and external stakeholders (e.g. Portfolio managers, attorneys, regulators, etc.)

We are looking for candidates with the following minimum qualifications:

Direct experience onboarding and/or maintaining accounts and credit lines at top-tier firms (e.g. investment manager/hedge fund, broker-dealer, prime brokers/FCMs, custodian bank, etc.).
Able to work effectively with varied stakeholders (e.g. Front Office, Legal, Credit, Operations, etc.) and comfortable working against deadlines (e.g. launching a new fund on a particular date).
Organized, reliable, and detail oriented.
Strong communication skills and a team player.
Able to perceive, trouble-shoot and escalate problems both within the day-to-day deliverables as well as in the overall processes.
Candidate should enjoy a mix of day-to-day/regular responsibilities along with participation in broader initiatives and process improvement projects.

Physical Requirements

This role will follow a hybrid schedule, with an onsite requirement of four days per week at our Westport CT campus.

Wage Range

The wage range for this role is $110,000 - $175,000 inclusive of base salary and discretionary target bonus. The expected base salary for this role is between 80% - 90% of this wage range.

Why Choose Bridgewater?

It takes all types to make Bridgewater great. We seek a diverse group of innovative thinkers and push them to engage in rigorous and thoughtful inquiry. We develop people through an honest examination of their abilities and performance, enabling personal growth and professional development. We strive to provide you opportunities that will challenge you and unlock your potential.

One of our core priorities at Bridgewater is to enable our employees to build a great life and career, and we believe our benefits are an important extension of that philosophy. As such, currently Bridgewater offers a competitive suite of benefits.

Explore more information about Bridgewater’s benefits on our website here.

Bridgewater reserves the right to change its current benefits program at any time, in a manner that is consistent with applicable federal and state regulations.

This job description is not a contract and confers no contractual rights, privileges, or benefits on any applicant or potential applicant. Bridgewater has the right to change any and all terms of this job description, including, but not limited to, job responsibilities, qualifications and benefits. Nothing in this job description constitutes an offer or guarantee of employment. Please note that we do not provide immigration sponsorship for this position.

Bridgewater Associates, LP is an Equal Opportunity Employer

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Counterparty Onboarding Specialist

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