Hedge Fund Services Job Description

Hedge Fund Services Job Description

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Hedge fund services provides clients worldwide with the tools they require to measure and benchmark markets across asset classes, styles or strategies.

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:

Liaison between clients' trading desks, prime brokers, exchanges and counterparties to ensure efficient resolution of breaks and open reconciling items to guarantee timely settlement
Monitor trade posting process and upload trades to prime brokers
Liaise with trading desks, associates and counterparties to resolve trade discrepancies, cash and position breaks
Work with clients and technology teams to on board new portfolios utilizing various internal and vendor systems
Implement process improvements to increase efficiencies and work on various ad-hoc projects at the direction of senior management
Process monthly remittance activity
Monitor and maintain client MBS and ABS positions to help ensure accurate P&L and reduce risk Work with the
Reconciliation & Control team to ensure the accuracy of internal books and records Build and maintain internal and external relationships
Provide timely and accurate execution of core processes related to corporate actions events where clients have positions
Timely response and resolution to partner and client inquiries

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:

Advent Geneva
Basic accounting principles and familiarity with financial markets and instruments
Documentation
His/her client base
Prospectus
Bonds
Asset classes like equities
Futures
Options and swaps how they operate in real world
Bloomberg

Desired experience for hedge fund services includes:

Managing the communication and relationship with hedge fund investors on behalf of our client base and processing investor capital activity
Completing all due diligence and investor review including AML checks, resolving investor queries and providing ad hoc requests
Ensures OTC controls are adhered on a daily basis, and escalates to management when and as needed
Covers OTC products such as total return swaps, equity options, structured equity products, convertible bond options, credit defaults and fixed income products
Manages the settlement of swap cash flows associated with OTC products, including unwinds, quarterly fees, resets, and premiums
Reviews booking of corporate actions and dividends/coupons to ensure it affects the position and p/l properly

Hedge Fund Services Examples

1

Hedge Fund Services Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of hedge fund services. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for hedge fund services
  • 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
Qualifications for hedge fund services
  • 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
2

Hedge Fund Services Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of hedge fund services. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for hedge fund services
  • 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
Qualifications for hedge fund services
  • 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
3

Hedge Fund Services Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of hedge fund services. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for hedge fund services
  • 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
Qualifications for hedge fund services
  • 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
4

Hedge Fund Services Job Description

Job Description Example
Our company is looking to fill the role of hedge fund services. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for hedge fund services
  • 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
Qualifications for hedge fund services
  • 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
5

Hedge Fund Services Job Description

Job Description Example
Our innovative and growing company is hiring for a hedge fund services. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for hedge fund services
  • 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
Qualifications for hedge fund services
  • 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

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