Senior Operations Associate

The Opportunity:

Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, Mesirow serves clients through capabilities spanning Global Investment Management, Capital Markets and Investment Banking, and Advisory Services. We are proud that our intentional culture results in strong employee engagement, entrepreneurship and empowerment, with ongoing opportunities for volunteerism and advancement. Mesirow has been named one of the Best Places to Work in Chicago by Crain’s Chicago Business multiple times and is one of Barron’s Top 100 RIA firms. At Mesirow, we invest in what matters: our clients, our communities, and our culture. 

Mesirow Currency Management (MCM) is a leading provider of risk management and execution services, offering customized solutions to institutional investors, corporations, and asset managers globally. The firm specializes in passive and active currency hedging, currency alpha, overlay strategies, and outsourced execution, helping clients manage their exposures efficiently while minimizing costs and operational risks.

We are seeking a Senior Operations Associate to oversee and execute operational services related to derivatives, FX, and collateral management. In this role, you will collaborate closely with internal teams, including trading, portfolio management, onboarding, and compliance, as well as external partners such as bank counterparties, custodians, and clearing brokers. You will be part of a dedicated team responsible for managing all aspects of post-execution processing for derivatives & FX, as well as collateral management, ensuring accuracy, efficiency, and regulatory compliance.

Responsibilities:

Daily Operations:

• Oversee the entire trade lifecycle from confirmation to settlement, and multi-jurisdictional regulatory reporting for listed equities and all OTC products, including:
  • FX Spots and Forwards
  • OTC Options
  • Equity Swaps
  • Variance and Volatility Swaps
  • Interest Rate Swaps
  • Other Derivatives

Collateral Management:

• Manage daily collateral calls and pledging processes.
• Perform daily client reporting, reconciliations, and maintain internal records.
• Ability to independently validate derivative mark to markets

Regulatory Compliance & Research:

• Conduct research on global regulatory compliance and industry best practices.
• Develop and maintain procedural documentation.
• Ensure adherence to regulatory requirements and manage regulatory filings.

Legal & Contract Management:

• Support the review and management of ISDA and CSA agreements, Investment Management Agreements, and other contractual obligations.

Operational & Risk Management:

• Ensure compliance with firm policies and procedures.
• Maintain high-quality written operational procedures.
• Assist in and work towards leading ad hoc operational projects related to client and risk operations.

Requirements:

• Bachelor’s degree required in relevant discipline
• Self-starter challenged by ability to take on new initiatives and work independently.
• Focused and organized with superior problem-solving skills, strong attention to detail is critical in this role
• Proactively seek out process improvement opportunities and efficiencies
• Advanced Excel skills including writing in VBA desired. Ability to program in SQL and/or Python is desired.
• Proficiency with mathematics, and familiarity with financial calculations
• Must be able to handle multiple priorities effectively and with a high degree of accuracy and independence
• Strong organizational, verbal, and written communication skills, with a proactive approach to problem-solving and collaboration
• Experience working with global custodian banks
• 2-4 years of experience in derivatives operations and collateral management, with a solid understanding of trade processing, settlement, and regulatory requirements

In accordance with the Washington Pay Transparency Law, the anticipated hiring base salary for the role will be between $100,000 and $130,000 per year. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, also provides the opportunity for a discretionary bonus and the Mesirow benefit program.

EOE

Salary : $100,000 - $130,000