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Senior P&L Valuations Specialist

New York, New York, United States

The Role
We are seeking a highly qualified Credit P&L Specialist to work as part of our P&L Valuations team in New York. This is an exciting opportunity to partner and support the growth of our Credit business within the discretionary macro & fixed income strategy. The team falls under our Accounting department and collaborates closely with groups across the firm including Portfolio Managers, Treasury, COO team, Business Analytics, Fund Accounting, Risk and Operations.

 

What you’ll do
The successful candidate will work closely with the Front Office system (Clarion), the firm’s inhouse Geneva system and Fund Administrators to ensure the accuracy of the enterprise P&L at Schonfeld.

 

Responsibilities include:

  • Owning the daily pricing and P&L reporting processes including reconciliation across Front Office, shadow accounting and Fund Admin
  • Intraday and end of day pricing
  • Accurate end of day flash, T+1 and monthly P&L reporting
  • Trade capture review and lifecycle events (coupon accrual, amortization, factor changes, call/redemption, pay-downs) 
  • Root-cause analysis of breaks
  • Investigation of valuation differences and explaining these to stakeholders
  • Valuation policy documentation and valuation committee packs
  • New products set up and onboarding of relevant market data feeds
  • KPI tracking
  • Leading relevant projects

 

What you’ll bring

  • A bachelor's degree with 7 - 10 years of experience in Credit Valuations/Product Control
  • Expertise in securitized products (agency and non-agency) and structured credit
  • Strong valuation knowledge of corporate bonds, CDS, convertible bonds, loans and distressed debt
  • Familiarity with primary & secondary market workflows: new-issue allocations, gray-market pricing, when-issued trading, default workouts 
  • Team player, proactive and willing to take on additional responsibility
  • Ability to challenge portfolio managers while maintaining strong relationships
  • Ability to handle a high volume of data in a fast-paced environment with strong attention to detail
  • Continuous-improvement mindset – automation of manual processes

We’d love if you had:

  • Experience in a buy-side firm
  • VBA and/or Python knowledge
  • Experience with Bloomberg, Geneva, Intex

 

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 $170,000 and $190,000. 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.

 

#LI-MM1

 

 

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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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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.

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other Spanish culture or origin regardless of race.

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

 

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