Operations Specialist - TRS Operations

Firm Overview

Verition Fund Management LLC (“Verition”) is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Global Credit, Global Convertible, Volatility & Capital Structure Arbitrage, Event-Driven Investing, Equity Long/Short & Capital Markets Trading, and Global Quantitative Trading.

Role Overview

Verition is seeking a motivated Operations Specialist to join its TRS Operations team. This role manages trade lifecycle events across an array of asset classes with a primary focus on Total Return Swaps, partnering closely with Trading, Fund Accounting, Technology, and Risk. The Specialist resolves day-to-day trade breaks across multiple swap counterparties, supports swap resets and trade bookings, and owns daily transaction, position, and cash reconciliations for TRS products in Geneva.

Responsibilities

- Manage trade lifecycle events across an array of asset classes with a primary focus on Total Return Swaps, partnering with Trading, Fund Accounting, Technology, and Risk.

- Resolve day-to-day trade breaks across multiple swap counterparties, working with front office and global operations teams to identify and resolve discrepancies promptly.

- Support swap resets, trade bookings, corporate action processing, and P&L inquiries; perform daily reconciliations in Geneva.

- Review daily transaction, position, and cash reconciliations for TRS products.

- Identify process gaps and partner with internal and external stakeholders to develop and implement solutions.

- Help senior management streamline workflows and minimize operational risk by keeping sight of big-picture objectives.

- Develop and maintain strong working relationships with internal and external stakeholders.

- Perform thorough due diligence to fully resolve issues in a timely manner, avoiding financial or reputational impact.

- Maintain up-to-date knowledge of industry best practices to help develop effective operational policies and procedures.

Qualifications

- Undergraduate degree required, preferably with a concentration in finance, economics, or a related discipline.

- Several years of relevant work experience in fund or trade operations.

- Knowledge of Geneva preferred.

- General knowledge of financial instruments (equities, fixed income, options, swaps, futures, FX) across domestic and global securities markets.

- Strong communication skills, with the ability to engage professionally and effectively with internal and external stakeholders.

- Self-starter with excellent analytical and problem-solving skills, and strong attention to detail.

The annual base salary range for this position is $100,000 to $150,000 (USD). In addition to base salary, this position is eligible for a discretionary performance bonus and a comprehensive benefits package. Actual compensation offered to the successful candidate will be determined based on a variety of factors such as geographic location, work experience, qualifications, and skill level.
Salary Range $100,000 — $150,000 USD