At a Glance
- Tasks: Join us as an Operations Analyst, managing trade processes and ensuring smooth operations.
- Company: Pharo Management is a leading hedge fund focused on emerging markets with a global presence.
- Benefits: Enjoy a dynamic work environment, competitive salary, and opportunities for professional growth.
- Other info: Experience with hedge funds or programming is a plus; we value creativity and collaboration.
- Why this job: Be part of a diverse team, contribute to impactful projects, and enhance your financial expertise.
- Qualifications: Four to seven years in finance, a relevant degree, and strong analytical skills are essential.
The predicted salary is between 43200 - 72000 £ per year.
Operations Analyst
Who we are:
Pharo Management is a leading global macro hedge fund with a focus on emerging markets. Founded in 2000, the firm has offices in London, New York, Hong Kong and Abu Dhabi, and currently manages $8 billion in assets across four funds. Pharo trades foreign exchange, sovereign and corporate credit, local market interest rates, commodities, and their derivatives. We trade in over 70 countries across Asia, Central and Eastern Europe, the Middle East and Africa, Latin America as well as developed markets. Our investment approach combines macroeconomic fundamental research and quantitative analysis.
Pharo employs a diverse, dynamic team of 140 professionals representing over 20 nationalities and 30 languages. We have a strong corporate culture anchored in core values such as collaborative spirit, creativity, and respect. We are passionate about what we do and are committed to attracting the best and brightest talent.
This is a great opportunity to join a market leader and contribute to our continued success.
Job description:
We are looking to hire an Operations Analyst in our London office. The Operations professional will play a key role in overseeing the full trade lifecycle across multiple asset classes. They will help strengthen control frameworks and partner closely with Product Control, Fund Accounting, the Execution desk, and Technology to deliver timely and accurate operational support. The role also involves driving process improvements, supporting new product and market onboarding, and maintaining operational infrastructure.
The successful candidate will have a mindset focused on continuously improving operational efficiency and workflows. At least 4 years of experience in hedge fund operations is required. Applicants must have a Bachelor’s degree in a relevant field (e.g. Finance or Accounting).
Responsibilities:
- Partner closely with the Execution desk to ensure all trades are accurately booked, and any trade discrepancies are resolved within the same-day.
- Independently identify and resolve trade breaks, demonstrating sound judgement and urgency in issue resolution.
- Perform reconciliations across FX, OTC, Futures, Equities and Fixed Income products, following through with FCMs, Prime Brokers, Custodians and our Execution desk to ensure timely resolution.
- Actively monitor, allocate and confirm trades across MarkitWire/MTM, Tradeserve, ICE Link, CTM, and Traiana for FX PB trades.
- Coordinate and manage FX exposures with the Treasury team.
- Process OTC and collateral wires, manage fund cash balances, and ensure secure funding in the Money Markets.
- Perform swap netting at LCH and ICE to compress interest rate swaps and credit default swaps.
- Review and process FX netting of positions with prime brokers.
- Manage local market settlements and all associated corporate action events across multiple African markets.
- Process mandatory and voluntary corporate actions.
- Liaise with counterparties, fund administrators, and custodians on trade and settlement matters.
- Contribute ideas to improving efficiency and controls. Assist with initiatives that support these efforts.
- Escalate and resolve all issues in a timely manner.
- Maintain and review all static data periodically.
Skills & Experience:
- Prior knowledge and experience with affirmation platforms such as Tariana, CTM, MTM, ICE Link and Tradeserve.
- Knowledge of different financial instruments such as bonds, futures, foreign exchange, and derivatives, specifically interest rate swaps, credit default swaps, exotic options and their workflows are required.
- Experienced user of Microsoft Excel. Any VBA/programming experience would be beneficial.
- Self-motivated and entrepreneurial, with strong communication skills across all levels of senior management both internally and externally.
- Strong risk and control mindset, with the ability to manage multiple priorities in a fast-paced environment while maintaining accuracy and sound judgment.
- Proactive and self-motivated, demonstrating initiative, curiosity, and accountability in learning systems and improving processes.
Work status and location:
Full-time in London
Operations Analyst in London employer: Pharo Management
Pharo Management is an exceptional employer, offering a dynamic and collaborative work environment in the heart of London. With a strong commitment to employee growth and development, we provide opportunities for our team members to thrive in a diverse setting while contributing to innovative financial solutions. Join us to be part of a passionate team that values creativity and respect, and play a key role in our continued success as a leading global macro hedge fund.
StudySmarter Expert Advice🤫
We think this is how you could land Operations Analyst in London
✨Tip Number 1
Familiarise yourself with the specific tools mentioned in the job description, such as MarkitWire and Tradeserve. Having hands-on experience or even a basic understanding of these platforms can set you apart from other candidates.
✨Tip Number 2
Network with professionals in the hedge fund industry, especially those who work in operations. Attend relevant finance events or join online forums to connect with individuals who can provide insights or even referrals for the Operations Analyst role.
✨Tip Number 3
Stay updated on current trends in financial markets, particularly in emerging markets, as this knowledge will be crucial in your role. Being able to discuss recent developments during interviews can demonstrate your passion and commitment to the field.
✨Tip Number 4
Prepare to showcase your problem-solving skills by thinking of examples from your past experiences where you resolved discrepancies or improved operational efficiency. This will help you illustrate your fit for the role during interviews.
We think you need these skills to ace Operations Analyst in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience in financial services, particularly in operations. Emphasise your familiarity with financial instruments and any specific tools mentioned in the job description, such as MarkitWire or Tradeserve.
Craft a Strong Cover Letter:Write a cover letter that showcases your understanding of Pharo Management's operations and culture. Mention your passion for macroeconomic research and quantitative analysis, and how your skills align with their core values of collaboration and creativity.
Highlight Relevant Skills:In your application, clearly outline your proficiency in Microsoft Excel and any programming skills you possess, such as VBA. Provide examples of how you've used these skills to improve operational efficiency in previous roles.
Showcase Problem-Solving Abilities:Include specific examples in your application that demonstrate your critical thinking and problem-solving skills. Describe situations where you've resolved trade discrepancies or improved processes, as these are key responsibilities for the Operations Analyst role.
How to prepare for a job interview at Pharo Management
✨Know Your Financial Instruments
Make sure you have a solid understanding of the financial instruments mentioned in the job description, such as bonds, futures, and derivatives. Be prepared to discuss how these instruments work and their relevance in the operations of a hedge fund.
✨Demonstrate Attention to Detail
Given the nature of the role, showcasing your attention to detail is crucial. Prepare examples from your past experience where your meticulousness helped resolve discrepancies or improve processes.
✨Familiarise Yourself with Relevant Tools
If you have experience with tools like MarkitWire, Tradeserve, or CTM, be ready to discuss how you've used them in previous roles. If not, do some research to understand their functionalities and how they fit into trade capture and reconciliation.
✨Showcase Your Problem-Solving Skills
Operations Analysts often face unexpected challenges. Prepare to share specific instances where you successfully identified and resolved issues independently, highlighting your critical thinking and self-motivation.
