The group handles post trade activities
for hedge funds with one of their core daily objectives being ensuring post trade activities happen in a timely manner and record an accurate view of positions, cash and P&L in the books. The group works closely with counterparties and investment managers to achieve this and the primary activities for the same include daily street reconciliations, settlements, P/L reconciliations and fund accounting (GAV / NAV preparation).
The group deals with a variety of strategies and different kinds of financial instruments, spanning different geographies and time zones.
The primary responsibilities include:
driving IT / Ops projects and playing an active oversight role in day-to-day operations, escalation of aged breaks, business-as-usual troubleshooting andsetting direction and goals for individuals.
accountability for work product of the team - daily trade, position and cash reconciliations to the prime broker / custodians as well as all income / expense accruals.
working with investment managers and prime brokers to resolve day-to-day exceptions as well as develop more strategic initiatives.
liaising with other internal functions like pricing, middle office and collateral management to resolve discrepancies and/or respond to internal queries.
assisting the team and playing a review role for the accounting close (monthly / bi-weekly); providing adequate support for outstanding breaks, and preparation of month-end binder.
working with the team in NY and locally to define strategy, new automations,project prioritizations etc.
providing assistance to auditors and fund administrators during the audit and NAV finalization process.