What are the responsibilities and job description for the Associate, Macro and Credit Middle Office position at Balyasny Asset Management L.P.?
Balyasny Asset Management L.P. (BAM) is a global institutional investment firm. We strive to deliver consistent, uncorrelated, absolute returns in all market environments by fostering a culture of research, innovation, and collaboration.
BAM exists at the intersection of finance and technology, combining the deep industry knowledge of leading portfolio managers and financial analysts with software engineers and quantitative researchers. We leverage the collective expertise of our teams to seek out new investment opportunities, analyze market conditions, minimize risk, and provide superior service to our investment partners.
With 1,000 people in offices around the world, we embrace a culture that welcomes the free flow of ideas, promotes career development, and supports the health and wellbeing of our people through world-class benefits.
ROLE OVERVIEW
In the role of an Associate on the Macro & Credit Middle Office team, the employee will be responsible for supporting Macro & Credit portfolio managers and traders across a wide range of products / processes.
Trade Lifecycle Management: Our team manages the full lifecycle of every trade across all asset classes including affirmation, matching, settlement, exercise / expiry. Products include derivatives in Interest Rates, Fixed Income, FX, Equity, Commodities, and Credit.
Maintain Relationships: Middle Office interacts with Executing Brokers, Prime Brokers, Fund Admins, and other counterparties daily. It is important to build and maintain relationships with these parties.
Settlements / Fails: Responsible for the firm’s Bonds and Repo settlements. Partner with our Prime Brokers to escalate to Executing Brokers for timely settlement.
PnL Investigation: Work alongside PnL Control to investigate PnL outages. Verify models and securities are setup properly and matching Clearing Houses such as LCH.
Technology Enhancements: Proactively work with, technology, back office, and external vendors to improve the trade capture process and automate where possible to minimize manual efforts and ensure scalability / stability.
QUALIFICATIONS & REQUIREMENTS
Technical, business, or relevant finance degree
Up to 5 years of relevant work experience in an investment bank, Fund Admin, Asset Manager, or Hedge fund
Solid communication, organization, multitasking, and project management skills
Experience with Macro & Credit products preferred
Practical knowledge of global financial markets
