Full-Time

Core Operations Senior Associate

Updated on 11/20/2024

Schonfeld

Schonfeld

201-500 employees

Multi-manager investment platform for diverse strategies

Quantitative Finance
Financial Services

Compensation Overview

$130k - $160kAnnually

+ Performance Bonus + Competitive Benefits Package

Senior

Miami, FL, USA

Category
Asset Management
Risk Management
Finance & Banking
Required Skills
Python
JavaScript
SQL
C/C++
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree in Business, Finance, Accounting or any other related field
  • 5-10 years of working experience in the Hedge Fund industry (preferably with a multi-manager platform)
  • Highly analytical, detail-oriented, driven, inquisitive and entrepreneurial team player with excellent interpersonal skills, good written and verbal communication skills, exceptional problem-solving skills, a strong control mindset and a high level of self-leadership
  • In-depth product knowledge on financial instruments e.g. Equity, Futures, Option, FX, Bond, Listed Swap, OTC etc.
  • Highly experienced in performing reconciliations, including break resolution, between order management system and accounting system, order management system and Prime Broker trading data etc.
  • Experienced in order management and/or accounting systems e.g. Enfusion, Traiana, Geneva, Gresham etc. (preferably)
  • Experienced in migrating reconciliations and/or operational processes which involve different accounting systems
  • Proven track record in automating operational processes, implementing process enhancements and working with multiple stakeholders to roll out strategic initiatives
  • Experienced in working with large data sets and analyzing those data using Microsoft Excel functionalities
  • Strong technical skills in Microsoft Excel e.g. PivotTable, functions, Visual Basic for Application (essential) and programming languages e.g. Python, C++, JavaScript, SQL (preferably)
Responsibilities
  • Perform T+1 reconciliations, including break resolution, between internal systems or internal systems and Prime Broker for a variety of financial instruments e.g. Equity, Futures, Option, FX, Bond, Listed Swap, OTC etc.
  • Review external fund administrators’ T+1 reconciliations and liaise with both internal and external stakeholders e.g. Middle Office, Asset Servicing, Fund Accounting, Prime Broker, Third-Party service providers to resolve breaks
  • Collaborate with both internal and external stakeholders e.g. Operations Technology, Trade Support, Accounting Valuations Team, Third-Party service providers etc. to resolve operational issues, automate operational processes, implement strategic initiatives, roll out best practices, standardize operational procedures etc.
  • Work alongside senior team members and management on strategic initiatives and implement enhancements to streamline workflows and achieve efficiencies
  • Create structure by defining operational procedures, recommending process improvements and rolling them out
  • Other ad-hoc tasks and/or projects as and when it’s assigned by senior team members and/or management team

Schonfeld Strategic Advisors is a multi-manager investment platform that invests capital with internal and partner portfolio managers across four main trading strategies: quantitative, fundamental equity, tactical trading, and discretionary macro & fixed income. The firm provides portfolio managers with the autonomy and support needed to enhance their operations while leveraging proprietary technology and risk analytics to identify market opportunities. Schonfeld serves institutional investors and high-net-worth individuals, focusing on generating returns through strategic investments and effective risk management. Their goal is to maximize the value of their investments by covering a wide range of asset classes globally.

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.

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