What are the responsibilities and job description for the Financial Operations Associate position at GAMARC Consulting?
Position: Financial Operations Associate
Location: NYC
Duration: Full-time
Salary: DOE
As a Financial Operations Associate, you will join the Operations team and provide essential middle-office and post-trade support. You will be directly involved in critical activities, including trade reconciliations, operational risk control, and collaborating with technology teams to develop and enhance automated processes. Your work will support the organizations goal of achieving 100% straight-through processing and managing operational risk effectively.
Location: NYC
Duration: Full-time
Salary: DOE
As a Financial Operations Associate, you will join the Operations team and provide essential middle-office and post-trade support. You will be directly involved in critical activities, including trade reconciliations, operational risk control, and collaborating with technology teams to develop and enhance automated processes. Your work will support the organizations goal of achieving 100% straight-through processing and managing operational risk effectively.
- Key Responsibilities:
- Perform trade reconciliations and address discrepancies.
- Define and implement operational risk controls.
- Reconcile internal positions across multiple counterparties and asset classes.
- Manage exceptions related to administrative positions, transactions, and cash reconciliations.
- Oversee T 0 matching and settlements across various asset classes and markets.
- Handle both mandatory and voluntary corporate action events, as well as post-trade event lifecycles.
- Analyze the current operational platform to enhance straight-through processing and identify areas for improvement.
- Collaborate with technology teams to automate processes and drive innovation.
- Track, resolve, and remediate operational incidents.
- Ideal Candidate:
- Over 5 years of experience in operations within an investment management firm, fund administration, or banking.
- A BA/BS degree in finance, economics, or a related field.
- Experience handling the entire trade lifecycle and post-trade processing for equities and macro asset classes.
- Strong analytical abilities to detect trends, anomalies, and insights. Advanced proficiency in Excel (experience with Tableau and Alteryx is a bonus).
- Excellent communication and interpersonal skills.
- Highly detail-oriented with excellent problem-solving skills.
- Capable of managing and prioritizing multiple tasks while collaborating effectively in a fast-paced environment.
- Benefits:
- Comprehensive medical and dental insurance coverage for both employees and their dependents.
- Competitive 401k matching and employer-paid life and disability insurance.
- Access to onsite gyms with laundry service, wellness programs, casual dress code, snacks, and game rooms.
- Tuition reimbursement, along with sponsorship for conferences and professional development.
- Generous vacation days, unlimited sick leave, and competitive paid caregiver leave.
- Flexible hybrid work arrangement with a budget for home office equipment.
