At a Glance
- Tasks: Join a dynamic team managing trade life cycles and resolving trading queries.
- Company: A growing multi-strategy hedge fund in London's West End with global reach.
- Benefits: Enjoy a competitive salary, remote work options, and a discretionary bonus scheme.
- Why this job: Gain hands-on experience on the trading floor with opportunities for career progression.
- Qualifications: 4-7 years in trading operations, STEM degree, and strong IT skills in Excel VBA and Python.
- Other info: Permanent role with no sponsorship; ideal for those ready to grow in finance.
The predicted salary is between 65000 - 80000 £ per year.
A growing multi-strategy hedge fund based in London, West End, with global offices in the US and Asia is looking to hire a Hedge Fund Operations Analyst to join the London Trading Operations team. The fund has significant AuM deployed across several funds, specialising in Fixed Income, FX, Rates, Credit, Equities, and Futures and Options. This is an excellent opportunity to work directly with PMs and Traders, based on the same trading floor, to service trading flow, resolve challenging trading queries, face off to external counterparties, and manage trade life cycle events (including coupon payments, rate re-sets, options, expires, credit events et al), and provide the business with trade and ops risk management services.
The business offers anyone joining the hedge fund a great culture and career progression with a pathway to specialise within Trading Operations, with an Analyst to progress to an Associate or promoting from within to move into the business itself and other alpha generating front office opportunities.
Key Deliverables:- This opportunity will be varied, broad and not limited in nature, effectively providing front to back trade support for the cross assets traded by the hedge fund in London.
- Responsible for front to back trade capture, trade affirmations, matching/allocations, trade enrichment (covering settlements, reconciliations) and managing trade life cycle events.
- Working with a wide range of internal and external clients, supporting the PMs and Trading desk, facing off to counterparties/brokers to resolve trade discrepancies, breaks and offer trade and query resolution in a timely manner.
- Trade Life Cycle Management – managing options, expires, rate re-sets, credit events and corporate actions.
- The business is forward-thinking and has a culture of continuous improvement and leveraging the latest technologies to drive efficiencies across its new fund launches, controls, process and systems.
Experience and prior knowledge of trade management systems is highly desirable and advantageous with specific reference to Markitwire, ICE-Link, CTM, Omego Alert, MTM, and Osttra trade management systems (Traiana, Trioptima, TradeServe et al). Value add IT skills in Excel VBA (ability to create, edit VBA macros) and leverage any object-oriented programming skills in Python.
The current business has an existing Trading Operations team in London and services other global offices, looking for someone with 4 to 7 years trading operations experience looking to transition into a growing hedge fund in London. Please note this is a junior hire and the client is not considering senior profiles, given the level of hire for the team.
Prerequisite Requirements:- 4 to 7 years experience within Trading Operations derived from a Tier 1 Investment Bank, Hedge Fund (Alternative, Multi Strat, Macro), Asset / Investment Manager.
- Direct experience across a wide portfolio of trade products, including Fixed Income, Interest Rates, Credit, Equities, FX Futures and Options.
- STEM based University Degree, with 1st or 2.1 minimum grade degree.
- IT Skills - Excel VBA (ability to create, edit VBA macros) and leverage any object-oriented programming skills in Python.
- Strong communication skills with the ability to partner with trading desks, manage complex queries and provide clear resolution.
Please do apply early to join a fast-growing hedge fund in London, with an exciting career path and opportunities to move into the business. An attractive compensation package is on offer with benefits and company bonus scheme.
Contact Detail:
Placed Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Hedge Fund Operations Analyst - 4.1 (London Area)
✨Tip Number 1
Familiarise yourself with the specific trade management systems mentioned in the job description, such as Markitwire and ICE-Link. Having hands-on experience or even a solid understanding of these platforms can set you apart from other candidates.
✨Tip Number 2
Network with professionals already working in hedge funds or trading operations. Attend industry events or join relevant online forums to connect with individuals who can provide insights or even referrals for the position.
✨Tip Number 3
Brush up on your Excel VBA skills and consider creating a small project that showcases your ability to automate tasks or analyse data. This practical demonstration of your skills can be a great conversation starter during interviews.
✨Tip Number 4
Prepare to discuss your previous experiences in trading operations, focusing on how you've managed trade life cycle events and resolved discrepancies. Be ready to provide specific examples that highlight your problem-solving abilities and communication skills.
We think you need these skills to ace Hedge Fund Operations Analyst - 4.1 (London Area)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in trading operations, particularly from a Tier 1 Investment Bank or Hedge Fund. Emphasise your familiarity with trade management systems and any programming skills, especially in Excel VBA and Python.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the key deliverables mentioned in the job description. Explain how your background aligns with the responsibilities of managing trade life cycle events and supporting PMs and Trading desks.
Highlight Relevant Skills: In your application, clearly outline your communication skills and ability to manage complex queries. Mention any specific experiences where you successfully resolved trade discrepancies or improved processes.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects attention to detail, which is crucial in the hedge fund industry.
How to prepare for a job interview at Placed
✨Know Your Trade Products
Make sure you have a solid understanding of the various trade products mentioned in the job description, such as Fixed Income, FX, and Equities. Be prepared to discuss your experience with these products and how you've managed them in previous roles.
✨Showcase Your IT Skills
Highlight your proficiency in Excel VBA and any programming skills you have, especially in Python. Be ready to provide examples of how you've used these skills to improve processes or solve problems in your past positions.
✨Demonstrate Strong Communication Abilities
Since the role involves working closely with PMs and traders, it's crucial to showcase your communication skills. Prepare to discuss how you've effectively partnered with trading desks and resolved complex queries in your previous roles.
✨Emphasise Your Adaptability
The hedge fund environment is fast-paced and ever-changing. Be prepared to discuss instances where you've adapted to new challenges or technologies, and how you can contribute to the firm's culture of continuous improvement.