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 investments
Compensation Overview
$85k - $125kAnnually
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 employs multiple investment strategies to manage assets for institutional investors, such as pension funds and high-net-worth individuals. The firm focuses on various strategies including Credit, Fixed Income Macro, Convertible Volatility Arbitrage, Event Driven, Equity Long Short Capital Markets, and Quantitative Strategies. Their approach involves dynamic capital allocation, allowing them to adapt to changing market conditions and aim for absolute returns. Verition differentiates itself from competitors through its collaborative work environment and a strong emphasis on risk management, utilizing both internal and external analyses to maintain disciplined investment practices. The company's goal is to generate positive returns for its clients while fostering a culture of creativity and cooperation among its team.
Company Stage
N/A
Total Funding
$1.4B
Headquarters
Greenwich, Connecticut
Founded
2008
Simplify's Take
What believers are saying
- Verition's diverse strategies include Credit, Fixed Income, and Quantitative Strategies.
- The firm serves institutional investors, including pension funds and high-net-worth individuals.
- Verition's sophisticated risk management ensures disciplined investment practices.
What critics are saying
- Emerging hedge funds using AI may outperform traditional multi-strategy approaches.
- Regulatory scrutiny could impact Verition's fee structures and transparency requirements.
- Volatility in global markets poses risks to Verition's dynamic capital allocation.
What makes Verition Fund Management unique
- Verition employs a multi-strategy, multi-manager approach for diverse global investments.
- The firm focuses on dynamic capital allocation to exploit fluid market conditions.
- Verition's collaborative environment fosters creative investment ideas and strategies.
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