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Full-Time

Equities Middle Office Senior Associate

Posted on 9/30/2024

Schonfeld

Schonfeld

501-1,000 employees

Multi-manager investment platform with diverse strategies

Financial Services
Fintech

Compensation Overview

$135k - $160kAnnually

+ Performance Bonus

Mid, Senior

New York, NY, USA

Category
Sales & Trading
Finance & Banking
Required Skills
Communications
Requirements
  • A bachelor's degree in Finance, Business Administration, or related degree
  • 4-8 years’ experience in Operations in a Middle Office/Trading Assistant capacity; buy-side experience preferred
  • In depth knowledge with global equities and equity-linked instruments, with OTC derivatives a plus
  • Strong understanding of non-trade activity, including crosses, conversions, transfers, and corporate actions
  • Expert fundamental knowledge of the full life cycle of a trade, from trade capture to allocations, reporting, clearing/settlements, P&L, and financing considerations
  • Hands on experience supporting EMS, PMS, and T-0 matching platforms, and various messaging protocols such as FIX. Enfusion experience would be a plus.
  • Experience driving and coordinating multi-functional initiatives, both large scale and tactical
  • Capable of setting priorities and carrying multiple tasks in a fast-paced environment with strong attention to detail and the ability to adapt in a global setting
  • Strong sense of accountability and ownership, with a track record of delivering results and contributing to strategic initiatives
  • Excellent interpersonal and communication skills, verbal and written, with an aptitude towards client service
  • Enjoys working with people as part of a global team, who challenge you and make you better at what you do
  • Advanced Excel skills – vlookups, pivots, etc.
Responsibilities
  • full trade lifecycle management
  • assisting the trading desk with bookings, allocations, daily reconciliations, T-0 matching and affirmations, and settlements and clearing for a broad range of asset classes
  • working closely with the Trading, Portfolio Managers, Fund Accounting, Technology and Risk teams to ensure accurate corporate action processing, derivative expiry management, and support on P&L inquiries
  • contributing to the overall enhancement of our platform

Schonfeld Strategic Advisors provides a multi-manager platform integrating quantitative, fundamental equity, tactical trading, discretionary macro, and fixed income strategies, supported by proprietary technology, infrastructure, and risk analytics.

Company Stage

N/A

Total Funding

$1.5B

Headquarters

New York City, New York

Founded

1988

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Simplify's Take

What believers are saying

  • Schonfeld's diverse investment portfolio offers employees exposure to a wide range of industries, enhancing their market knowledge and expertise.
  • The firm's significant growth in Asia presents opportunities for international assignments and career advancement.
  • Working at Schonfeld provides access to a network of high-caliber professionals, fostering a collaborative and innovative work environment.

What critics are saying

  • The departure of key personnel, such as the Asia cohead, could disrupt operations and affect regional growth.
  • Schonfeld's aggressive acquisition strategy may lead to integration challenges and potential overextension.

What makes Schonfeld unique

  • Schonfeld's strategic acquisitions across diverse sectors, from biotechnology to media, demonstrate a broad investment approach that sets it apart from more specialized hedge funds.
  • The firm's rapid expansion in Asia, including Japan and Australia, highlights its aggressive growth strategy and commitment to global market penetration.
  • Schonfeld's ability to attract top talent, such as the recent hiring of Alphadyne's former CTO, underscores its reputation as a desirable workplace in the competitive hedge fund industry.