Hedge Fund Services Job Description
Hedge Fund Services Duties & Responsibilities
To write an effective hedge fund services job description, begin by listing detailed duties, responsibilities and expectations. We have included hedge fund services job description templates that you can modify and use.
Sample responsibilities for this position include:
Hedge Fund Services Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Hedge Fund Services
Typically a job would require a certain level of education.
Employers hiring for the hedge fund services job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Economics, Finance/Accounting, Computer Science, MBA, Education, Business, General Business, Communication
Skills for Hedge Fund Services
Desired skills for hedge fund services include:
Desired experience for hedge fund services includes:
Hedge Fund Services Examples
Hedge Fund Services Job Description
- Manage the daily processing of net cash movements resulting from foreign exchange transactions ensuring accurate and timely settlements
- Proactively investigate trade breaks and settlement differences with internal and external partners bringing issues to a timely resolution
- As required, assist in implementing technological advancements for the team in a controlled manner by documenting and testing necessary applications
- Collaborate across shared service teams to improve the operational efficiencies by leveraging technology while ensuring industry best practices and regulatory requirements are adhered to
- Ensure SLAs are met and document new functional requirements and communicate to the team
- Commitment to a team based working environment is absolutely essential
- Manage a small team of partners and several C&S processes
- Perform all employee related administrative duties including annual reviews
- Oversee several processes which support multiple clients within the Clearing & Settlements team
- Represent NT Hedge Fund Services in client meetings
- Bachelor’s degree preferred and MBA desired
- Work with vendors to finalize terms of SOWs
- Implement process improvements to increase efficiencies
- Identify process gaps, work with internal resources to create detailed BRDs
- Knowledge of settlements processes of listed securities
- Work with clients and technology teams to on board new fixed income portfolios utilizing various internal and vendor systems
Hedge Fund Services Job Description
- Work directly with clients to understand their business needs and provide solutions Identify process gaps, work with internal resources to create detailed BRDs
- Coordinate testing and releases with internal IT and vendors Implement process improvements to increase efficiencies
- Perform other related duties as required Work with the Reconciliation & Control team to ensure the accuracy of internal books and records
- Work with clients and technology teams to on board new fixed income and whole loan portfolios utilizing various internal and vendor systems
- Analyze monthly servicer statements to determine lifecycle event data attributes of pools of whole loans and individual whole loans
- Monitor and maintain client whole loan, REO and REMIC positions to help ensure accurate P&L and reduce risk
- Manage a small but growing team of partners within Global Operations responsible for lifecycle event processing, trade break resolution and middle office trade support for NTHFS clients for asset types including but not limited to bank loans and related SWAPS, trade claims, private fixed income and private equity
- Participate in the hiring process, train newer partners, and oversee internal processes and controls in addition to providing direct coverage for some clients
- Perform all employee related administrative duties including but not limited to annual reviews team related administrative duties including but not limited to business continuity planning and testing and compliance with internal and external audit requests
- Act as point of escalation for all client issues for the Bank Debt team for external clients internal inquiries from other teams including but not limited to Accounting, Risk, Relationship Management, Financial Control and Business Unit Control
- O Minimum of 5 years operations experience working with fixed income securities
- Work closely with implementation teams to coordinate and oversee the on-board new client portfolios, back-loading tax lots and historical activity onto internal books and records and Wall Street Office
- Bank Debt/Leveraged Loan operations experience
- Proactively investigate breaks and settlement differences with internal and external partners bringing issues to a timely resolution
- Prepare to gain a comprehensive understanding of the trade lifecycle by interacting with Client reps, salespeople and other operations teams in addition to legal, compliance, risk and credit teams in order to work toward the shared goal of risk mitigation and client service excellence
- Partner with a team of functional experts across the globe to ensure clients trading in synthetic and vanilla cash products get the best service possible
Hedge Fund Services Job Description
- Showcase your attention to detail by ensuring all trades settle on time, risk is accurately booked and any esoteric transactions such as conversions or IPOs are handled appropriately across the globe
- Use your inquisitive mind set to identify control and service weaknesses with respect to the trade lifecycle
- Produces daily profit and loss statements and price verification reports for all trading products
- Understands trading strategies, risks, and valuation processes of both liquid exchange-traded Instruments and complex model-driven products
- Understand R&C’s roles and responsibilities amongst the HFS product
- Understand the relationship between risk and the client’s books and records
- Gain knowledge of complex financial instruments traded in worldwide markets
- Learn professional conduct
- Prepare for a lifelong financial career
- Education in various Financial Products
- Aptitude for building relationships and ability to communicate complex issues to a wide array of internal and external clients with differing levels of product experience
- Learning the daily operational procedures a hedge fund administrator does when supporting a client
- Insight into the landscape of the securities products and the many institutions associated when trading
- Hands on operational exposure to daily responsibilities of a hedge fund admin
- Strong oral and written communication skills along with strong technical skills with MS Excel
- Classwork and interest in Finance, Economics and/or Accounting
Hedge Fund Services Job Description
- Support client inquiries and solve challenges
- Perform review of reconciliations and execute controls
- Contribute to a small but growing team of partners within Global Operations responsible for middle office trade support, processing subscriptions, redemptions, capital calls and distributions and other lifecycle event processing for NTHFS clients for asset types including but not limited to private assets, hedge funds, fund of hedge funds, private equity funds and private fixed income assets
- Act as primary point of contact for all client issues for the Alternative Investments team for external clients internal inquiries from other teams including but not limited to Accounting, Risk, Relationship Management, Financial Control and Product Control
- Support large customer within a fast-paced, challenging environment
- Perform, validate and process corporate action activity
- Work with various teams to ensure the accuracy of internal books and records
- Identify and implement ad hoc process changes directed by the client
- Identify and retool internal systems to achieve maxima performance
- Coordinate testing and releases with IT and external vendors
- Bachelor’s degree with a minimum of five years of experience in Operations
- Cross-selling the bank’s other products, services and capabilities to prospective clients including offshore fund administration, alternative asset servicing solutions, securities lending and investment management
- Working closely with product development staff and local fund servicing centres to co-ordinate the development and promotion of product lines and capabilities
- Proven and successful track record
- Experience gained in a sales position within an Asset Servicing provider
- Wide knowledge of the alternative industry and products
Hedge Fund Services Job Description
- Working across multiple sales groups to promote prime offering
- Knowledge of prime brokerage and/or fund services’ products
- Work closely with technology resources to problem solve
- A minimum of 10 years’ experience, with managerial experience
- Experience with Private Equity and Hybrid Funds, including Consolidating Structures – including minority interest, Waterfalls – American and European, IRRs and/or MIRRs – deal level and fund level and/or other measures like DVPI, TVPI
- Adaptive self-starter with a can-do attitude - must be comfortable working with ambiguous and dynamic conditions • Knowledge of fund administration business or fund operations
- Strong hedge fund accounting or hedge fund reconciliation experience (understanding of process and business required)
- Decent experience on Microsoft Excel – Pivots, financial functions
- Should be able to do multi-tasking and deliver under pressure
- Strong experience with private equity and hybrid funds
- Ability to manage multiple tasks simultaneously and maintain accuracy
- Leadership and organizational skills are essential to communicate expectations and prioritize client needs and communicate expectations