Operations Analyst – Total Return Swaps

Responsibilities include: Perform daily trade, position, cash, and P&L reconciliations for Total Return Swaps and related swap products. Investigate and resolve trade breaks, position discrepancies, valuation differences, and other operational exceptions with counterparties and internal teams. Support the capture, validation, and processing of TRS trades, ensuring accurate booking and downstream processing. Monitor the full TRS lifecycle, including trade amendments, resets, financing accruals, corporate actions, valuations, cash flows, settlements, and terminations. Reconcile swap positions and economics against prime brokers and swap counterparties, researching and resolving discrepancies. Support the processing of dividend payments, financing charges, corporate actions, and other underlying security events impacting swap positions. Work closely with Trading, Prime Brokers, Technology, Treasury, Finance, and counterparties to resolve operational issues and ensure seamless trade processing. Maintain accurate trade, position, counterparty, and reference data to support operational and financial reporting.

Requirements: 2+ years of investment management, derivatives operations, middle-office, or swap operations experience within a hedge fund, investment manager, prime broker, or similar financial services environment. Hands-on experience supporting Total Return Swaps (TRS) and their associated post-trade lifecycle. Strong understanding of TRS mechanics, including resets, financing accruals, dividends, corporate actions, valuations, cash flows, and settlements. Experience reconciling swap positions and resolving trade, cash, position, and valuation breaks with prime brokers and counterparties. Experience with Advent Geneva, or a similar investment management, accounting, or trade-processing platform. Strong attention to detail and ability to manage high-volume, time-sensitive operational workflows.