Post-Trade Operations Team Lead

About Verition Fund Management

Verition Fund Management LLC is a global hedge fund specializing in multi-strategy approaches with expertise in equity, fixed income, and derivatives markets. Its U.S. offices support a wide array of investment strategies operating across international markets.

Role Overview

We are looking for an experienced and driven Post-Trade Operations Team Lead to join our Middle Office division. This senior leadership position involves overseeing the firm's post-trade activities in equities, fixed income, OTC derivatives, FX, and futures. The leader will supervise a team of operations professionals, managing the entire trade lifecycle processes such as settlements and reconciliations, and collaborate closely with Trading, Portfolio Management, Risk, Technology, and external partners including prime brokers, custodians, and fund administrators, ensuring robust operational controls as the organization expands.

Key Responsibilities

• Lead and direct a team responsible for post-trade operations, encompassing trade support, reconciliations, and settlement.
• Manage end-to-end post-trade workflows for multiple asset classes to guarantee precision, punctuality, and strong control measures.
• Oversee daily settlement procedures with various custodians, prime brokers, and counterparties.
• Supervise daily reconciliations covering cash, positions, and trades, ensuring prompt resolution of discrepancies and outstanding exceptions.
• Act as the primary escalation contact for challenging trade and settlement concerns, coordinating efforts with Trading, Portfolio Management, Risk, Technology, and Fund Administration.
• Develop and coach the operations team, prioritizing tasks, evaluating processes, and assisting with recruitment and onboarding.
• Collaborate with Technology to implement platform enhancements and automation to optimize post-trade processes and minimize operational risks.
• Maintain and update operational controls, policies, and supporting documentation in compliance with regulatory and audit standards.
• Compile and deliver operational performance data, risk metrics, and process updates to senior leadership.
• Facilitate onboarding of brokers, custodians, and counterparties by ensuring operational readiness.
• Lead continuous improvement efforts leveraging AI technologies to boost efficiency and scalability as the firm grows.

Qualifications

• Minimum of 10 years' experience in operations or middle office roles within hedge funds, asset management, or financial services, including prior leadership responsibilities.
• Comprehensive and practical knowledge of post-trade processes across a range of asset classes such as equities, fixed income, OTC derivatives, FX, and futures.
• Demonstrated success managing or mentoring teams within dynamic, multi-asset class operations.
• Strong grasp of trade lifecycle events, settlement workflows, and reconciliation methodologies involving custodians and prime brokers.
• Familiarity with key industry platforms like Geneva, Bloomberg AIM, DUCO, MarkitWire/OSTTRA, or CTM.
• Excellent interpersonal and communication skills with the capability to engage senior management, trading desks, and external stakeholders effectively.
• Analytical mindset with solid problem-solving abilities and experience designing scalable operational procedures and controls.
• Bachelor's degree in Finance, Accounting, Economics, or a closely related field is required.