Full-Time
Hedge Fund Trade Operations Associate
Trs
Confirmed live in the last 24 hours
Verition Fund Management
51-200 employees
Multi-strategy hedge fund for institutional investors
Compensation Overview
$85k - $125kAnnually
Junior, Mid
New York, NY, USA
- Undergraduate degree; preferably with a concentration in finance, economics, or related discipline
- Knowledge of Geneva preferred
- Several years of relevant work experience
- General knowledge of and familiarity with financial instruments (i.e. equities, fixed income, options, swaps, futures, FX) within both domestic and global securities markets
- 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 Trading, Fund Accounting, Technology, and Risk teams with managing all trade lifecycle events for an array of asset classes with a primary focus on Total Return Swaps
- Assist with swap resets, trade bookings, corporate action processing, support on P&L inquiries, and daily reconciliations for Geneva
- Review daily transaction, position, and cash reconciliations for TRS products
- Identify process gaps, work with internal and external resources to create detailed requirements to solve issues
- Grasp big picture objectives to help senior management streamline workflows and minimize operational risk
- Develop and maintain strong working relationships with both internal and external stakeholders;
- Perform adequate due diligence to completely resolve all issues, in a timely manner, in order to avoid any financial or reputational impact;
- Maintaining up-to-date knowledge of industry best practices to further develop effective operational policies and procedures;
- 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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