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Credit Middle Office Operations Associate

New York, New York, United States

The Role 
We are seeking a highly analytical, detail oriented professional to join the team as a Credit Middle Office Operations Associate at Schonfeld in our New York City office.  The candidate will be responsible for day-to-day operational tasks to ensure the smooth functioning of the Credit Strategy while contributing to key initiatives and projects with an eye on process improvement, efficiency, control, scale, and minimizing operational risk. 

 

What you’ll do
This role is a unique opportunity to contribute to a relatively new business and set best practices to facilitate growth within a large and well-established hedge fund. The candidate will be responsible for supporting trade capture, confirmation/affirmation, system trade and data flow, settlement, reconciliation, life cycle events, P&L, and reporting.  The candidate will partner with and oversee outsourced operational service providers.  This is a highly collaborative role with regular interaction with our Credit PMs, Trading, Risk, Product, Technology, Treasury, Compliance, and Foundational operations teams to support the full lifecycle of a trade.

 

What you’ll bring
What you need:

  • A bachelor’s degree in Finance or related field
  • 3-5 years of experience supporting credit trading
  • Knowledge of a range of credit instruments including but not limited to Corporate Bonds, Convertibles, Credit Default Swaps, Index Credit Default Swaps, Other Credit Derivatives, Private and Broadly Syndicated Bank Debt, Swaps, Claims and Post Reorg Equity
  • Experience working with OMS/PMS platforms
  • Excels in a fast-paced, changing environment with the ability to multitask on daily trade volume and long-term projects to support growth of the Credit business
  • A self-starter who can drive daily process as well as projects and initiatives forward
  • Intellectually curious and adaptive to the needs of the business
  • A high-level approach while understanding the specifics and nuance with strong attention to detail
  • A practical and open-minded approach to problem solving and an objective decision-making process
  • Ability to foster and grow productive relationship with external service providers
  • Excellent verbal and written communication skills
  • Strong ownership and a track record of delivering results
  • Strong Microsoft Excel skills

We’d love if you had:

  • Experience working in a multi strategy, multi-PM fund structure
  • Experience with systems such as ICElink, CTM, Traiana
  • Ability to write VBA macros and a basic understanding of coding
  • Knowledge of and experience using Advent Geneva and/or Wall Street Office

 

Who we are  
Schonfeld Strategic Advisors is a global multi-strategy, multi-manager investment platform that harnesses the transformative power of people to perform in all market environments. Our dynamic culture inspires better outcomes for our team, our investors, and our partners. We aim to consistently deliver risk-adjusted returns, with people driving performance.

We specialize in four core strategies: Quantitative Trading, Fundamental Equity, Tactical Trading, and Discretionary Macro & Fixed Income. We capitalize on inefficiencies and opportunities within the markets, drawing from a significant investment in proprietary technology, infrastructure, and risk analytics.

We invest through internal portfolio managers and external partner funds, pursuing alignment among investors, investment professionals, and the firm. Our footprint spans 7 countries and 19 offices.

 

Our Culture
Talent is our strategy. We believe our success is because of our people, so putting our talent above all else is our top priority. We are teamwork-oriented, and collaborative, and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning & educational offerings and opportunities to make an impact.

We foster a sense of belonging among all of our employees with Diversity, Equity, and Inclusion at the forefront of this mission. Our employees value diversity across identity, thought, people, and perspective which serves as the foundation of our culture. As a firm, we are committed to creating a hiring process that is fair, welcoming, and supportive.

The base pay for this role is expected to be between $150,000.00 and $180,000.00. The expected base pay range is based on information at the time this post was generated. This role may also be eligible for other forms of compensation such as a performance bonus and a competitive benefits package. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications, and experience.

 

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Individuals seeking employment at Schonfeld are considered without regards to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, gender identity, or sexual orientation. 

At Schonfeld, we strive to cultivate a sense of belonging throughout all of our employees with Diversity, Equity and Inclusion at the forefront of this mission. As a firm we are committed to creating a hiring process which is not only fair, but also welcoming and supportive. As a part of that, we want to encourage candidates to voluntarily complete the following survey which helps us keep track of how we are doing in our efforts.

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Race & Ethnicity Definitions 

American Indian or Alaskan Native - A person having origins in any of the original peoples of North and South America (including Central America), and who maintain tribal affiliation or community attachment.

Asian - A person having origins in any of the original peoples of the Far East, Southeast Asia, or the Indian Subcontinent, including, for example, Cambodia, China, India, Japan, Korea, Malaysia, Pakistan, the Philippine Islands, Thailand, and Vietnam.

Black or African American - A person having origins in any of the black racial groups of Africa.

Hispanic or Latino - A person of Cuban, Mexican, Puerto Rican, South or Central American, or
other Spanish culture or origin regardless of race.

White - A person having origins in any of the original peoples of Europe, the Middle East, or North Africa.

Native Hawaiian or Other Pacific Islander - A person having origins in any of the peoples of Hawaii, Guam, Samoa, or other Pacific Islands.

Two or More Races - All persons who identify with more than one of the above five races.

 

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