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Multibillion Hedge is looking to attract a Number 2 to Head of Operations.
The fund is a multi-strategy investment model, with a heavy macro presence since inception now looking to expand into credit.
The position has come up for two main reasons; 1) a Senior Member of the team has moved into a front office role leaving a knowledge gap and 2) recent onboarding of two new credit PMs which will immediately increase trading volumes.
The role is a diverse blend of TA, Middle Office, and Project Management responsibilities with a global lens inclusive of the major hedge funds hubs.
The project angle to the role is all about scale! The fund has a huge appetite for growth, said business change tasks typically being; build out and enhancement of infrastructure and workflows in order to trade efficiently in new products, seamless entry to new regions, and onboarding further PMs are key examples.
A Senior Operations person looking to step up into management would work given the Head of Operations is a seasoned Multi Manager Tier 1 Operational Leader, fully bought into supporting and mentoring the new incumbent before they take over the day-to-day leading of the department. Equally, an Operations Manager with relevant Hedge Fund Operations experience is encouraged to apply.
Key Duties
* Deputising to the Head of Operations.
* Facing off to all PM teams - operations desk sits directly next to the trading teams.
* First port of call for Credit PMs in particular for all operational queries.
* Trade booking, risk management, P&L and pricing.
* Monitoring positions and daily bespoke reporting.
* Oversight of outsourced model on T+1 front to back trade flow/reconciliations.
* Leading the team day to day, appraisals, training and mentoring.
* Building out infrastructure and operational controls and STP downstream.
* Vendor onboarding and implementation.
* System onboarding and implementation.
* Helping the fund continue to scale with the build and enhancement of infrastructure and workflows.
Experience Required
* Hedge Fund experience is a prerequisite.
* Broad asset class coverage, particularly credit is highly desirable.
* Strong front to back trade cycle management.
* In-depth experience of facing off to investment teams and managing operational queries.
* Evidence of building out infrastructure for new PM teams and trading strategies.
* Oversight of outsource models and managing key vendors.
* Motivated to scale and lead an operational division at a multibillion, multi-complex fund.
Seniority Level
Director
Employment Type
Full-time
Job Function
Finance
Industries
Staffing and Recruiting
J-18808-Ljbffr