$15B AUM Hedge Fund hiring in the Trading Operations space!!
Global leader in alternative investing with approximately $15 billion in assets under management across complementary credit, private equity, and real estate strategies. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors.
The MBS Operations team works as part of the broader Investment Operations team to specifically support the Firm’s Residential and Commercial Mortgage-Backed Securities desks. The team works closely with the MBS desks on daily trading activity, securitizations, re-securitizations, repo financing, bespoke financing facilities, and portfolio hedging. The MBS strategies are some of the Firm’s most complex areas, relying on a high-performing team of Operations professionals to support the business needs.
Requirements / Qualifications:
Responsibilities & Deliverables:
• Maintain the entire lifecycle of products traded across the MBS trading desks. Products include MBS, mortgage whole loans (RPLs and NPLs), US Treasuries, equities, financing arrangements (repo, bespoke facilities), and derivatives (Interest Rate Swaps, Futures, Credit Default Swaps, Swaptions, FX Forwards, etc.). Specific responsibilities include:
o Trade entry into the firm’s Order Management and Accounting systems.
o Booking and reconciling position maintenance events (paydowns, remittance, corporate actions, coupon rate updates, swap resets, CMBX rolls).
o Ensuring proper settlement of all trading activity on the street.
• Working with the trading desks, other infrastructure functions, and third parties to close unique deals. These include mortgage securitizations, resecuritizations, CDOs, and other bespoke financing facilities.
o Producing and tying out a Flow of Funds schedule for new deals
o Working with internal Tax group and external counsel on proper legal structures for new deals
o Liaising with financing counterparties to repay old financing and obtain new financing
o Liaising with trustees, prime brokers, and escrow agents to ensure proper settlement.
• Working with fund administrators, prime brokers, and counterparties to perform critical reconciliations.