Industry:
Location: New York, NY
Salary: $33.66/hr. - $37.50/hr.
Visa Sponsor: No
Language: English: Business Level
Detail: Japanese International Asset management company seeks a Fixed Income Operations Assistant.
Job Title: Operations Assistant
Department: Corporate Operations
Reports To: Assistant Operations Manager (to Operations Manager, Senior Operations Manager and CCO)
Overtime Eligible (Y/N): Y (Non-exempt)
Location: Manhattan, New York (Hybrid)
Employment Type: Local Full-Time
Saraly: $33.66/hr. - $37.50/hr. + eligibility for discretionary bonus based on qualitative and/or quantitative performance factors.
*The expected hourly rate for this position ranges from $33.66/hr. - $37.50/hr. (annualized gross base pay equivalent of $70,000 - $78,000). It is not typical for offers to be made at or near the top of the range. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained.
Position Summary:
Perform administrative, reconciliation and client service duties, including record-keeping, reporting, and utilizing software programs and specialized operations systems.
Essential Duties/Function:
• Confirm all daily trades; resolve any discrepancies with the counterparties; confirm all aspects of trades via various sources and ensure prior day settlement.
• Perform daily futures variation margin verification including exposure review and communicating with counterparties.
• Reconcile cash balances between internal accounting system and custodian banks.
• Check daily price and enter daily rates and benchmarks into the accounting system.
• Monitor and check any irregularities for funds’ daily and monthly performance reports.
• Reconcile positions and market values between internal systems and custodian banks; investigate any discrepancies.
• Prepare and process proxy, corporate action, and class action notices for front office.
• Generate internal notices and reports; distribute to relevant parties.
• Prepare reports for counterparties and clients.
•Participate in special projects assigned by Supervisor or Department Head.
• Support all system requirements for the Operations Team.
• Communicate with Japanese counterparts and affiliates.
• Miscellaneous duties as assigned.
Experience/Qualifications:
• Bachelor’s degree in Finance, Accounting, Economics, or equivalent work experience.
• 2-3 years of experience in a buy-side asset management, or equivalent sell-side experience in trade confirmations, settlements, and collateral operations.
• Strong knowledge of domestic and global Fixed Income required. Equity securities/instruments knowledge helpful.
• Strong skills and knowledge of Microsoft Excel and Word.
• Familiarity with custodian banks’ portal and CTM for trade matching and settlement.
• Knowledge of portfolio accounting systems (e.g. Eagle Investment Systems) and order management systems (e.g. Bloomberg AIM)
• Ability to work 9:00am – 5:30PM, with flexibility to work overtime as needed.
• Ability to work in a team environment and effectively interact with all levels of the organization.
• Excellent communication and organizational skills with strong attention to detail.
• Works well in a fast-paced environment: ability to prioritize, perform with high accuracy, and meet tight deadlines.
• An understanding of funds’ guidelines is a plus.
In addition to a competitive base salary and discretionary bonus eligibility, we offer a generous benefits package which consists of the following:
· Medical, Dental, and Vision Insurance – Premiums for employees are covered at 100% and premiums for dependents are covered at 70% by the company
· 401k match and Money Purchase Plan (fully company-funded)
· Life Insurance and Disability Insurance
· Pre-tax Commuter Benefits
· Up to 6 weeks of Paid Parental Leave
· Tuition Reimbursement
· Current Hybrid Work Arrangements
· Paid Holidays in addition to vacation days, floating days and paid sick time
