What are the responsibilities and job description for the Specialist - Fund Operations position at Innocap?
Please note that this role may be filled in Canada or in the USA. We welcome applicants from these locations.
ABOUT INNOCAP
Innocap is the world’s leading firm of managed account platform services. With over US$85 billion in assets under management, over 450 employees and offices in five countries, we are shaping the future of alternative investments for institutional owners and allocators. Our mission is to revolutionize the asset management industry and to provide customized expert services and an exceptional client experience.
We are seeking forward-thinking individuals to join us on our exciting journey. Innocap’ s success is built on the diversity of our people and the strength of their ambitions. We empower our teams and foster a culture of inclusivity, collaboration, innovation, and growth. At Innocap, you'll have the opportunity to enhance your career, work on exciting projects, and make a real impact.
ABOUT THE ROLE
The Platform Operations team, with members located in Canada, the US, Ireland, Poland, and India, performs critical functions on Innocap’s dedicated managed account platforms (“DMAs”). The team's primary responsibilities include performing complex funds reconciliations, margins & OTC collateral management as well as OTC derivatives settlement.
The Platform Operations Department is currently looking for a Specialist to join its team and support the platform growth. The candidate will have the unique opportunity to work closely with hedge fund asset managers, clearing and OTC counterparties, and administrators.
The Specialist in Platform Operations has the following main responsibilities:
- Monitor cash and margin balances in accordance with margin rules established with each client.
- Diligently perform all OTC collateral management activities.
- Review and investigate position reconciliation and liaise with counterparties, asset managers and administrators to resolve any discrepancy.
- Instruct, review, and approve cash movement and OTC settlements.
- Actively participate in platform and funds launches & liquidations.
- Serve as escalation point for resolving more complex issues and handling client requests.
- Collaborate and possibly lead/manage project work to support internal and external needs.
- Responsible for providing guidance, coaching, and training to other team members.
PRIMARY QUALIFICATIONS & SKILLS
- University degree in finance or related field.
- Desired seniority level: mid-senior-level (minimum 6-8 years of relevant experience in Operations, Middle-Office or related fields).
- Advanced understanding of the financial markets, instruments and key processes.
- Advanced knowledge of financial products, such as equity, fixed income, foreign exchange, listed derivatives, and OTC derivatives.
- Extensive experience with reconciliation of positions and understanding of break resolution process.
- Experience in margin and collateral management process & calculations.
- Exceptional attention to detail and proven ability to problem solve by escalating issues to leadership with their possible solutions.
- Excellent verbal and written communication skills, with the ability to articulate information to internal and external stakeholders.
- Demonstrated leadership qualities along with a proactive, positive, and adaptable approach to work.
Please note that the role is hybrid (mix of remote and in-office).
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