Equity Hedge Fund Operations Manager (Mat Cover)
Location : West End
Post Date : 17 March 2017
Employment Type : Temporary
Job Order Number : 470130
Line of Business : Financial Services
Robert Half Financial Services are currently representing a Mayfair based Hedge Fund to urgently hire a temporary Head of Operations for a 14-month Maternity-Cover Contract.
The role reports directly into the CFO/ COO and is responsible for all of the Operations, so Trade Support, Settlements and Fund Accounting for the funds.
The chosen candidate will be ideally a graduate calibre (ideally a numerate based degree, ideally Finance and Accounting, but with some flexibility) with relevant Operations Management experience gained from an Equity focussed Hedge Fund, or Asset Manager.
The role is to start asap and will also pay a bonus for the time worked.
Manage operations including settlement of trades, corporate actions, stock loan and financing for five funds. Product knowledge to include equities, bonds, swaps/CFDs, CDSs, FX options, IRSs and other derivatives.
Facilitate relationship between investors and fund administrator. Provide data for investor reporting and update marketing material.
Oversee fund accounting and valuation process including production of weekly fund estimates, reconciliation and approval of monthly fund valuations produced by the administrator including management and performance fee calculations and introducer rebates.
Manage purchase and sales ledgers of three management companies located in London, Hong Kong and New Zealand including review of monthly management accounts and facilitation of company audits. Other responsibilities include PAYE & VAT returns.
Manage relationships with external service providers including executing brokers, prime brokers, swap counterparties, custodians, outsourced middle office, compliance consultants, fund administrator, IT contractors, auditors and accountants in three locations (UK, Hong Kong and New Zealand). Set up trading relationships, facilitate ongoing KYC requirements and renegotiate terms.
Manage costs of business activities to minimise expenditure and maximise terms, and improve and implement operational processes and procedures to maximise resources and minimise risk.
Cover for CFO/COO.
Understanding of the funds' investment objectives and restrictions
Detailed knowledge of the equity and bond markets
Working knowledge of applicable regulations.
Numerate qualified accountant with investment accounting experience
Reporting/Management Information Requirements:
Portfolio management system (Bloomberg AIM)
Ledger system (Sage)
Administrator's net asset valuations
Prime brokers' reports
£300 per day- £450 per day, dependent upon experience.
Robert Half Ltd acts as an employment business for temporary positions and an employment agency for permanent positions. Robert Half is committed to equal opportunity and diversity. Suitable candidates with equivalent qualifications and more or less experience can apply.
32 London Bridge Street
SE1 9SG London