OTC (Rates and FX) Middle Office – Outstanding Hedge Fund

Role details

CassonX are thrilled to be recruiting for a market leading Global Macro hedge fund based in St James’s. This company now has about $6bn under management as an employer are attracting some of the best names in the market! This fund has excellent growth plans due to AUM growth and dramatic hiring in their front office, they are looking to strengthen their Operations function by hiring multiple people in their T0/T+1 Middle Office function. In return for dedication, hard work and an environment that is collaborative to help their colleagues with workloads and always look to make things better, this is a business that historically has rewarded staff with internal mobility, but also with well above market average bonuses. We can assure you that this company would look good on anyone’s CV.

To be considered for this role, CassonX are looking to identify someone with strong technical knowledge of Rates & FX derivatives – both vanilla and more exotic (IRS, FRA, NDS, Swaptions, Caps & Floors, XCCY swaps, FX cash, options, NDF, FX swap, barriers, digis). You will have strong understanding of affirmation platforms and managing T0 risks and ensuring trades clear / match on T0 – experience with Markitwire, Traiana and TriResolve beneficial. Your knowledge will have been gained in a Hedge Fund or Asset Manager displaying a strong understanding of fixed income prime brokers, fund administrators and their role within the fixed income workflow. They would look at those coming from the Prime Broker / Investment Banking background, but it is essential that you have at least a 2:1 degree. The client is willing to buy out a forthcoming bonus if required.

The role is to act in partnership with the Investment and Management teams to deliver quality post-execution services for the trades in particular, but continue to build a strong and robust operational control framework. As this is a global Macro fund, the successful individual will be given a broad exposure to multiple asset classes and trading strategies.

• Lifecycle management across T0 and T+1 Processes
• Trade confirmation/recaps, collateral and stock/borrow lending
• Working with Prime Brokers and Administrators to make sure of timely settlement and trade queries
• Various Daily Reconciliations and Investigations
• Product Static and Client / Counterparty Data maintenance
• Corporate Actions / Dividends / Coupons
• Supporting new fund launches, or new trading strategy initiatives

This is a busy and growing team, a great opportunity for the incumbent to gain exposure to multiple asset classes and trading strategies, with one of the best performing Hedge Funds in London. We have worked successfully with this firm for many years, and hope that you are as excited to be considered as we are.

CassonX Limited are committed to providing fair employment opportunities to all applicants. We encourage anyone to apply, regardless of their background, and promote a fair and inclusive recruitment process based on merit. If you require any assistance throughout the interview process to improve your experience, kindly let us know.