
Credit Middle Office Operations Senior Associate
The Role
We are seeking a highly analytical, detail oriented professional to join the team as a Structured Credit Middle Office Operations Senior 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 Structured Credit trading, within 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 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. This is a highly collaborative role with regular interaction with our Structured Credit PM, 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
- 5- 7 years of experience supporting Structured Credit trading
- Deep knowledge of Structure Credit products, lifecycle, and settlement, including CLO, RMBS, CMBS, ABS, SRT, MBS, Non-agency products, etc.
- 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 Structured Credit business
- A self-starter who can drive and create 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, Intex
- Ability to write VBA macros and a basic understanding of coding
Who We Are
Schonfeld is a global multi-manager hedge fund that strives to deliver industry-leading risk-adjusted returns for our investors. We leverage both internal and external portfolio manager teams around the world, seeking to capitalize on inefficiencies and opportunities within the markets. We draw from decades of experience and a significant investment in proprietary technology, infrastructure and risk analytics to invest across four main strategies: Quant, Tactical, Fundamental Equity and Discretionary Macro & Fixed Income.
Our Culture
At Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls.
The base pay for this role is expected to be between $160,000.00 and $190,000.00. 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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