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Senior Associate, Operations
Innocap
Abu Dhabi Emirate, UAE
Full Time
Senior
1 months ago
ReconciliationMargin ManagementCollateral ManagementOTC DerivativesFinancial MarketsAnalytical Skills
Free
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ReconciliationMargin ManagementCollateral Management
About the Role
Innocap seeks a Senior Associate for its Platform Operations team in Abu Dhabi. You will perform complex fund reconciliations, margin and collateral management, and OTC derivatives settlement.
Key Skills for This Role
ReconciliationMargin ManagementCollateral ManagementOTC DerivativesFinancial MarketsAnalytical Skills
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 discrepancies
- Instruct, review, and approve cash movement and OTC settlements
- Participate in platform and funds launches & liquidations
- Collaborate on various enhancement projects
- Share knowledge and provide guidance and support to other team members
Requirements
- University degree in finance or related field
- Minimum 4 years of relevant experience in Operations, Middle Office or related fields
- Intermediate to advanced understanding of financial markets, instruments and key processes
- Intermediate to advanced knowledge of financial products (equity, fixed income, foreign exchange, listed derivatives, OTC derivatives)
- Experience with reconciliation of positions and understanding of break resolution process
- Experience in margin and collateral management process & calculations is an asset
- Analytical and detail oriented, resourceful with proven ability to manage work in a timely manner
- Excellent organizational, interpersonal and communication skills
- Team oriented professional with demonstrated problem solving and critical thinking skills
Full Job Posting
About Innocap
- Innocap is the leading Dedicated Managed Account Platform (DMAP) globally, providing institutional allocators with a superior way to structure, access, and oversee their alternative investments.
- With over US$125 billion on the platform and more than 530 employees across the globe, we are transforming how allocators access and manage alternative investments.
About The Role
- The Platform Operations team performs critical functions on Innocap’s dedicated managed account platforms, including complex funds reconciliations, margins & OTC collateral management, and OTC derivatives settlement.
- The team is looking for a Senior Associate to support platform growth, working closely with hedge fund asset managers, clearing and OTC counterparties, and administrators.
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.
- Participate in platform and funds launches & liquidations.
- Collaborate on various enhancement projects.
- Share knowledge and provide guidance and support to other team members.
Primary Qualifications & Skills
- University degree in finance or related field.
- Desired seniority level: mid level (minimum 4 years of relevant experience in Operations, Middle Office or related fields).
- Intermediate to advanced understanding of the financial markets, instruments and key processes.
- Intermediate to advanced knowledge of financial products, such as equity, fixed income, foreign exchange, listed derivatives, and OTC derivatives.
- Experience with reconciliation of positions and understanding of break resolution process.
- Experience in margin and collateral management process & calculations is an asset.
- Analytical and detail oriented, resourceful with a proven ability to manage work in a timely manner.
- Excellent organizational, interpersonal and communication skills with the ability to clearly and effectively explain concepts to team members.
- Team oriented professional with demonstrated problem solving and critical thinking skills.
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