Principal and Associate (2 roles), Middle Office, Operations and Loans Administration recruitment
Job Details: Principal/Head and Associate (2 roles), Middle Office, Operations and Loans Administration
Sector: Asset Management; Hedge Fund and Private Equity
Department: Middle Office, Operations and Loan Administration
Specialisation: Middle Office, Operations and Loans Administration
Reporting to: COO
Basic Salary: Competitive
Bonus Structure: Highly Competitive
Benefits: Comprehensive
Location: London, West End
Our Reference: 918849
Description
Our client is a multi-product hedge fund to be focussed on emerging markets. Key staff are already on board in both London and Singapore and over US$100m of assets are already reputedly committed. This is an outstanding opportunity to join a very experienced team at the outset of a new venture. As Principal, responsible for Middle Office, Operations and Loan Administration your role will be highly visible and rewarded accordingly.
Middle Office
- Obtain / check / provide / verify prices for all instruments traded as required
- Produce and maintain the valuation policy applied by each fund
- Provide daily p/l and position reports to front office
- Reconcile NAV reported by Administrator
- To provide support to the fund administrator as required
- Model calibration / pricing models / curve building as required
- Maintain Middle Office / Operations / Loans Administration key operating procedures
- Maintain and monitor cash receipts and payments, pre and post transaction
- Manage margin / collateral balances and payments
- Reporting as required
- Cover for Financial Controller holiday periods
Operations
- Maintain / provide standing data for instruments traded
- Ensure the safe and complete transmission of deals from the front office to the fund administrator
- Instruct the administrator / prime brokers as required to ensure settlement of trades; intervene in / assist settlement matters as required
- Review and track outstanding confirmations where appropriate
- To follow up on any failed settlements / solve or escalate any breaks
- Monitor dividend, coupon, interest or other corporate actions bookings and follow up
Loans Administration
- Settlement of loans including obtaining confirmation of conditions precedent
- Monitoring and escalating conditions subsequent
- Funding
- Monitoring and reacting to notices, covenants
- Record maintenance
Other
- KYC and supplier due diligence
- Procedure manuals for all tasks
- Process controls
Requirements
Candidate Requirements:
- Ability to work across the three disciplines of Middle Office, Operations and Loan Administration
- Wide product knowledge an advantage; experience of the Emerging Markets an advantage
- Investment Manager experience; hedge fund and / or private equity experience an advantage
- Good inter-personal and communication skills; this is a high visibility role
- Understanding of the pricing of financial products including the use of proxy pricing and modelling
- Numerate, strong Excel skills; knowledge of Aeceo an advantage
- Structured approach with attention to detail including in repetitive processes
- Enough of an accounting background to understand fully P/l reports, attribution reports, position reports
- Enough risk management experience to be able to produce / understand risk reports including exposure to market risk (i.e. understanding of the “greeks” and their limitations)
- Enthusiasm, diligence, willing to learn what they do not know, willingness to be involved in all aspects of our business