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 Middle Office Trade Support team. The Specialist will oversee day-to-day operational processes for equity and credit trading activity, including trade capture, affirmation, corporate actions, and reconciliation across multiple markets, custodians, and prime brokers. You will work closely with Trading, Portfolio Management, and other Operations teams to ensure accuracy and timely resolution of breaks.
Responsibilities
- Oversee day-to-day operational processes for equity/credit trading activity, including trade capture and affirmation across multiple markets and custodians.
- Apply working knowledge of corporate actions processing (dividends, splits, mergers, rights issues) and help ensure timely, accurate reflection in internal systems.
- Perform cash and position reconciliations between internal books/records and prime brokers; investigate and resolve breaks.
- Coordinate with trading desks and portfolio managers on trade-related matters, including settlement fails, discrepancies, and pricing issues.
- Assist with maintaining and improving trade flow processes, commission schedules, and related operational documentation.
- Support private deal processing and DWAC/DRS flow.
- Apply basic knowledge of P&L calculations to support ad hoc PM inquiries.
- Support onboarding of new brokers, custodians, and counterparties from an operational readiness standpoint.
Qualifications
- 3+ years of experience in investment management or fund operations required.
- Experience at a hedge fund, asset manager, or prime brokerage preferred.
- Working knowledge of custodian and prime brokerage relationships.
- Proficiency in Excel (pivot tables, VLOOKUP/XLOOKUP; macros a plus).
- Experience with order management/portfolio management systems (e.g., Bloomberg AIM, FLEX a plus).
- Excellent written and verbal communication skills.
- High level of intellectual curiosity, strong work ethic, and a keen attention to detail.
- Ability to work effectively in a team-oriented, fast-paced, and dynamic environment.
- Knowledge of private deals and DWAC/DRS transfer flow a plus.
- Exposure to derivatives, fixed income, or multi-asset operations in addition to equities a plus.