New Alternative Hedge Fund (Credit, Distressed Bank Loans & Convertible Investments) Ops Manager in London

• Job Title - New Alternative Hedge Fund (Credit, Distressed Bank Loans & Convertible Investments) Ops Manager
• Location - London
• Permanent role – New Hedge Fund
• Working Model – 5 days in the office, (firm is hoping to move to 4:1 working model in the future, 1st 3mths will be 5 days in the office).
• Compensation - £120,000 to £135,000 base salary + benefits and Company Bonus (TC Base + 50% plus bonus - TC Range £240,000 to £270,000 GBP )
• Right to Work – No Client Sponsorship is offered (No time limited visas will be considered – Permanent role).

Our client a new Hedge Fund spin out, with ambitions plans to double AuM in the next 2 years, and product offering is looking for Alternative Hedge Fund (Credit, Bank Loans & Convertible Investments) Operations Manager in London.

Black Swan Group are exclusively partnered with Alternative Hedge Fund specializing in Private Credit, (Distressed Bank Loans), Convertible Bonds and Fixed Income strategies.

The business is now looking to spin out with established double digit annualised returns and looking for a highly skilled Operations Manager to join the business and originate Operational infrastructure for the business, from people, processes, and new systems.

Will specialise in covering the Distressed Bank Loans, Private Credit Trading desk, also covering Convertible Bonds, and other Alternative investments, (Equities and Commodities too).

You will play a pivotal role in managing and optimizing the operational framework for the PMs in London and working with 3rd party vendors and counterparties. This includes front end trade management for PMs in London, sitting with the business, and 5 days in the office.

The ideal candidate will have a deep understanding of Convertible Bonds, Credit Bank Loans – Distressed Debt, and other alternative structured products.

• Manage and improve middle-office operations, including trade reconciliation, position management, and P&L reporting.
• Liaise with prime brokers, fund administrators, custodians, and counterparties to ensure smooth operations.
• Implement and maintain strong operational controls and risk mitigation procedures.
• Drive automation and process enhancements to improve efficiency and reduce operational risk.
• Ensure compliance with regulatory requirements and reporting obligations.
• Support portfolio managers and traders with operational queries and problem resolution.
• Lead operational projects, including system implementations and upgrades.

Prerequisite Requirements -

• 5 to 10+ years of experience in Distressed Bank Loans / Debt, Private Credit, Convertible Bonds, and Alternative Investments.
• Direct technical knowledge of convertible investments, and SME knowledge of trade lifecycle management, clearing, and settlement processes.
• Familiarity with prime brokerage, fund administration, and regulatory compliance.
• Experience with operational risk management and control frameworks.
• Proficiency in Excel, OMS/PMS systems, and other financial technology solutions. With a preference for Enfusion (OMS/PMS), SS&C Vendor management, and ops infrastructure project delivery.
• Excellent analytical, problem-solving, and communication skills.

The fund is offering the opportunity, for an Operations Manager looking to take the next step up and building a new hedge fund, working in a new Alternative Hedge Fund spin out. Entrepreneurial culture, lots of problems to solve, and be part of a build out of Operations infrastructure and own the process front to back and be rewarded.

• Compensation - £120,000 to £135,000 base salary + benefits and Company Bonus (TC Base + 50% plus bonus - TC Range £240,000 to £270,000 GBP )
• Working Model – 5 days in the office, (firm is hoping to move to 4:1 working model in the future, 1st 3mths will be 5 days in the office).
• Right to Work – No Client Sponsorship is offered (No time limited visas will be considered for this – Permanent Role – but have no restrictions or time limitations or dependency).

If you are a results-driven Distressed Debt Bank Loans Specialist with Alternative products specialism covering Credit Distressed Bank Loans, Convertible Bonds, and Alternative Investments.