About the Employer:
InfraHedge team provides managed account infrastructure for institutional investors to invest in hedge funds. Our services are based on independent governance, transparency, and rigorous risk management for hedge fund investments. We bring decades of experience in building efficient financial operations infrastructure and a deep understanding of how to mitigate operational risk for institutions investing in hedge funds.
State Street Risk Analytics combines unique capabilities in data and analytics to better serve our clients and build relationships with new customers. Through information and insights, investment analytics and data solutions, our goal is to help our clients to generate the most value.
State Street Risk Analytics’ truView platform is a web-based application providing a full suite of analytics that give clients insight into the risks and performance of their investment portfolios. Supporting all asset classes, the platform produces analytics such as: stress testing, value at risk (VaR), position specific analytics for derivatives (delta, gamma, vega etc.) and fixed income characteristics such as duration and convexity
Our core values are as follows and we expect all employees to demonstrate these in day to day work:
Team work
Openness
Positive Attitude
Customer delight
Excellence
Job Description:
- Responsible for day to day operations and service levels of the Managed Accounts reporting for a large Asset Management client
- Leads and manages the development of a team of professionals across various hierarchy levels
- Works closely with the management top down to ensure timely addressal of all issues
- Manage and lead multiple project and implementation activities that are designed to enhance workflow and reduce operational risks
- Has an open mindset who welcomes challenges and is equipped to arrive at solutions by the collective efforts of the team
- Has an in-depth understanding of NAV and Risk concepts, systems and processes of the Managed Accounts platform
- Is able to challenge processes and build a culture of continuous development within the team
- Drive and participate various learning and cultural initiatives to embed the healthy working relationship and environment within the team
- Has a deep understanding of the concepts of operational risks and the ability to apply them in day to day operations along with arriving at long term solutions to mitigate those risks
- Demonstrate effective risk management skills – continuous identification of risk areas, communication to management and key stakeholders and appropriate mitigation of all such open risks
- Oversee and track training initiatives within the team
- Establish and nurture a culture of “Risk Excellence” within the team, encourage and build an environment of openness that welcomes process related challenges and supports solution oriented mindsets
- Demonstrate the highest level of Code of Conduct in self’s behavior and of the team
- Partner with Fund Administrator and other Operation teams to make sure client account reflects accurate positions, cash, realized Gain-Loss and NAV for client accounts
- End to end servicing of clients
- Oversight of fund service providers with focus on operational risk
- Reconcile risk results against accounting reports and independent data.
- Ensure data integrity and accuracy for day to day NAV validation and confirming to clients.
- Coverage and oversight of fund administrators to maximize potential value delivery across the firm
- Support the Client relationship team in ensuring streamlined Investor communications
- Work in close contact with the Fund Service group to ensure that there is consistent, accurate streamlined processing of the end to end operating model for both underlying fund and investor reporting.
- Developing a thorough knowledge of accounting across division
- Develop knowledge of industry trends, competitive landscape and capabilities to facilitate business, increase efficiencies, improve controls and enhance client experience
- Ability to operate independently and effectively drive multiple initiatives
- Responsible for accurate and timely processing, operations and controls
- Build engagement with service providers and drive KPIs
- Provide support, resolve client issues, and demonstrate a firm understanding of the product to users (managers, traders etc.)
- Key focus on service delivery excellence and ability to work under pressure.
Skills/Experience Required
- 5 + years of Financial services experience in Hedge Fund accounting/ investment operations of an Investment Bank.
- Good understanding of all financial instruments including complex OTC products.
- Understands Hedge Fund Strategies and hedge fund investing or hedge fund accounting methodologies.
- Understanding of Hedge Fund NAV processes, fund structures and fee computations.
- Ability to work in a team under tight deadlines.
- Good communication and interpersonal skills.
- Demonstrate willingness to deep dive into an issue or problem to establish and address root cause. Attention to detail and interest in problem solving
- Strong numerical, analytical, technical and problem-solving skills
- Identifying efficiencies and areas for improvement within operations for accounting to mitigate risk, reduce manual efforts, and drive scale and work with integration team to get it implemented.
- Proven ability to effectively manage competing priorities and to work well under pressure in a team environment
- Strong understanding of financial markets and risk management techniques.
- Prior experience of fund onboarding is an advantage
- Bloomberg and/or Reuters knowledge.
- FRM, CA or CFA qualification is an advantage, however not mandatory.
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