Associate, Treasury Operations in London

Cambridge Associates (“CA”) is a leading global investment firm. CA’s goal is to help endowments and foundations, pension plans, and ultra-high net worth private clients implement and manage custom investment portfolios that generate outperformance so that they can maximize their impact on the world. Cambridge Associates delivers a range of services, including outsourced CIO, non-discretionary portfolio management, and investment consulting.

Investment Operations at Cambridge Associates is responsible for the execution and administration of client portfolios. Within this function, the Treasury Team oversees cash and security management, trade execution, and the management of trading accounts across a range of CA-managed portfolios. This role offers exposure to both traditional and alternative asset classes.

The Treasury Operations Associate supports the daily transaction management of CA-managed portfolios invested in hedge funds, private equity, and mutual funds. The role requires frequent collaboration with internal operations and investment teams, as well as external service providers such as custodians, banks, and investment managers. Strong attention to detail, accuracy, and time management are essential for success in this position.

Job Description:

• Trade Execution and Lifecycle Management: Prepare and execute nominee trade instructions through custodian banks and brokers, and complete fund subscription and redemption documentation across a range of asset classes in accordance with internal procedures and controls. Monitor trades throughout the full transaction lifecycle, working closely with custodians, service providers, and fund administrators to ensure timely execution and the prompt resolution of any issues.
• Wire Execution: Prepare and process cash wires for private investment capital calls, alternative asset subscriptions, manager and service provider invoices, client withdrawals, and foreign exchange transactions. Track all wire activity to ensure completion within internal and external deadlines.
• Cash Reconciliation: Perform daily reconciliation of cash accounts against custodian bank records. Identify, investigate, and resolve reconciliation breaks, and escalate transaction issues as needed.
• AML/KYC and Risk Management: Support AML/KYC requirements as necessary for subscription and redemption activity in partnership with the Client Information Management Team. Identify operational and client risks, adapt processes as needed, and implement proactive solutions to improve controls and reduce risk.
• Investment Operations Knowledge: Build and maintain a strong understanding of investment products, structures, and asset classes, including the operational complexities associated with each.
• Technology and Operational Excellence: Develop expertise in the systems and applications that support CA’s trading and treasury processes. Use internal tools and resources effectively to improve efficiency and deliver high-quality work with consistent attention to detail.
• Collaboration and Stakeholder Engagement: Work closely with other internal teams to monitor client transactions and improve cross-functional processes. Build strong working relationships with internal and external stakeholders through clear and professional communication.
• Project Participation: Contribute to team projects and initiatives by providing insights, support, and subject matter expertise to drive successful outcomes and continuous improvement.
• Training and Development: Support the training of team members by sharing knowledge and best practices. Contribute ideas to strengthen training programmes and support the development of others.

Qualifications:

• Bachelor’s degree in accounting, finance, or business.
• Experience in investment operations, financial services, or a related field; equivalent education and experience will also be considered.
• Experience with wire processing and knowledge of fund-of-funds, hedge funds, and/or private equity funds is preferred.
• Knowledge of ETF and/or mutual fund trading and settlement.
• Strong interpersonal, organisational, and communication skills, with excellent attention to detail.
• Ability to work effectively in a fast-paced, growing environment and manage multiple priorities under tight deadlines.
• A proactive approach to identifying and solving problems.
• Advanced Excel skills preferred.
• Demonstrated ability to learn quickly and adapt in a dynamic environment.
• Experience using AI tools and AI literacy would be advantageous.

Base salary range for this role: Pay Range Minimum: 53700 Pay Range Maximum: 69800. In addition to the listed salary range, this position is eligible for an annual performance-based bonus and a comprehensive, competitive benefits package. Actual placement within the stated salary range will be determined based on factors such as skills, experience, and qualifications, as well as internal equity.

The firm is committed to the concept and practice of equal employment opportunity and will not discriminate against any employee or applicant on the basis of race, color, religion, age, sex, national origin, sexual orientation, gender identity, disability, or veteran status. It is expected that all employees will follow a similar policy toward their co-workers.