Core Operations Associate

The Role 

We are seeking a highly analytical, detail oriented professional to join the team as a Core Operations Associate in our Miami office. You will be working with an experienced Operations team to implement best in class operational policies and procedures. You will have a keen attention to detail, a data integrity mindset and be someone who thrives off learning new skills and challenging yourself. You will be a natural team player who can use their strong interpersonal skills to demonstrate excellent written and verbal communication. The candidate would own some of the unique operational challenges inherent problem solving and bring solid experience and creative solutions to the team.                                                                                                                                                                                                                  

What you’ll do

The individual will work very closely with other Core Operations team members to assist with day-to-day duties. Some of the key responsibilities are:

• Work with Operations team to implement best in class operational policies and procedures
• Support daily T+1 reconciliation process; working with Administrator, Prime Brokers and Third-Party service providers to research and resolve trade, position, cash, and settlement breaks.
• Cash Management activities, such as cash reconciliations, funding, debit/credit interest, and items of the like while working with Portfolio Finance, Treasury and Fund Accounting teams.
• Liaise with various business units within Schonfeld especially Technology to implement best practices, standardize, and automate.
• Assist in team projects: testing, research, and requirement gathering in efforts to build fully scalable and efficient processes.
• Exposure to; Commissions, dividends, corporate actions, wires, trades, OTC cash settlement and Bank Debt process and reconciliation
• As a member of the team you will be an instrumental part in defining new procedures, recommending improvements and completing new projects.

What you’ll bring

What you need:

• Product Knowledge with Credit/Fixed Income/Swaps/OTC/Bank Debt/Equities/Futures and FX
• Past track record for process and system improvements
• Positive mindset and ability to work effectively in a global team
• Experience working with major PBs, FAs and executing brokers
• Experience in working with large amounts of data in Excel.
• Self-Manageable and must be a team player
• 3-5 years in operations at a hedge fund; buy-side experience preferred
• Bachelor’s degree in Accounting/Business/Finance or related field
• Self-driven, entrepreneurial, and excellent in problem solving
• Strong critical thinking, analytical and organizational skills
• Excellent interpersonal and communication skills (verbal and written)

We’d love if you had:

• Experience working in a multi strategy, multi PM fund structure
• System knowledge of Enfusion, Geneva, and/or Jira
• VBA knowledge

Our Culture

The firm’s ethos is embedded in our people. ‘Talent is our strategy’ is our mantra and drives how we approach all initiatives at the firm. We believe our success is because of our people, so putting our talent above all else is our top priority.

Schonfeld strives to create an environment where our people can thrive. We foster a teamwork-oriented, collaborative environment where ideas at any level are encouraged and shared. The development and advancement of our talent is honed through interactions with each other, learning & educational offerings, and through opportunities to make impactful contributions.

At Schonfeld, we strive to cultivate a sense of belonging throughout all of our employees with Diversity, Equity and Inclusion at the forefront of this mission. As a firm we are committed to creating a hiring process which is not only fair, but also welcoming and supportive. On a daily basis, our employees welcome diversity across identity, thought, people and views which serves as the foundation of our culture and success. You can learn more about our DEI initiatives here - Belonging @ Schonfeld.

Who we are

Schonfeld Strategic Advisors is a multi-manager platform that invests its capital with Internal and Partner portfolio managers, primarily on an exclusive or semi-exclusive basis, across four trading strategies; quantitative, fundamental equity, tactical trading and discretionary macro & fixed income. We have created a unique structure to provide global portfolio managers with autonomy, flexibility and support to best enable them to maximize the value of their businesses.

Over the last 30 years, Schonfeld has successfully capitalized on inefficiencies and opportunities within the markets. We have developed and invested heavily in proprietary technology, infrastructure and risk analytics and continue to capitalize on new opportunities. In 2021 we launched our newest strategy, discretionary macro & fixed income as part of the continual growth of Schonfeld’s investible universe. Our portfolio exposure has expanded across the Americas, Europe and Asia as well as multiple asset classes and products.

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