Full-Time
Hedge Fund Trade Operations Associate
Power
Confirmed live in the last 24 hours
Verition Fund Management
51-200 employees
Multi-strategy hedge fund for institutional investors
Senior, Expert
Westport, CT, USA
- Undergraduate degree; preferably with a concentration in finance, economics, or a related discipline
- 7+ years of relevant work experience.
- Knowledge of and familiarity with complex instruments (i.e. options, swaps, futures, FTRs, Load trading).
- Prior experience supporting power and natural gas trading is preferred, but not required.
- Ability to communicate professionally and effectively with both internal and external stakeholders.
- Self-starter with excellent analytical and problem-solving skills.
- Strong attention to detail.
- Work closely with the Trading, Risk, and Valuation teams to manage trade lifecycle events for an array of asset classes, with a specific focus on power products like futures, options, FTRs, and Load Servicing.
- Assist with manual trade bookings, booking weekly invoices, instructing collateral movements, reviewing reconciliations, and resolving breaks.
- Update static data, security masters, trades, and positions across multiple systems such as IVP Security Master, BBG AIM, Geneva, and proprietary systems.
- Liaise with the internal trading ops team and PMs if there are issues with trade representation from a trading platform.
- Raising issues to technology if certain applications or data feeds are down.
- Identify process gaps, and work with internal and external resources to create detailed requirements to solve issues.
- Performing other duties as may be requested by senior management.
Verition Fund Management is a hedge fund that uses various investment strategies to manage assets for institutional investors and high-net-worth individuals. The firm focuses on dynamic capital allocation to adapt to market changes and aims for absolute returns through strategies like Credit, Fixed Income Macro, and Equity Long Short. Verition distinguishes itself with a collaborative culture that fosters creative ideas and a strong risk management approach that combines internal and external analyses. The company earns revenue through management and performance fees based on the returns it generates.
Company Stage
N/A
Total Funding
$1.4B
Headquarters
Greenwich, Connecticut
Founded
2008
Simplify's Take
What believers are saying
- Exposure to a wide range of industries and companies can provide employees with diverse investment experience and knowledge.
- The firm's active investment strategy and frequent acquisitions suggest a dynamic work environment with opportunities for rapid career growth.
What critics are saying
- The broad investment strategy may expose the firm to higher market volatility and sector-specific downturns.
- Frequent acquisitions and stakes in various companies could lead to overextension and potential challenges in portfolio management.
What makes Verition Fund Management unique
- Verition Fund Management's strategy of diversifying investments across various sectors and companies, including technology, mining, and consumer goods, sets it apart from more specialized funds.
- Their ability to identify and invest in companies at different stages of growth, from newly public companies to established firms, showcases a versatile investment approach.
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