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Financial Services, Hedge Fund, Asset Management, Quantitative Trading

Equity Middle Office, Senior Associate

New York, NYOnsiteFull TimeSeniorPosted 5 days agoVisa sponsorship available

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Required skills

  • trade support
  • trade lifecycle management
  • bookings
  • allocations
  • daily reconciliations
  • T-0 matching
  • settlements
  • clearing
  • asset classes
  • trading desk

Nice to have

  • SPACs
  • PIPEs
  • Transfer Agents
  • Separately Managed Accounts
  • External Investment Advisors
  • Python

Role summary

Schonfeld is seeking a Senior Associate for their Equities Middle Office team. This role involves full trade lifecycle management, including bookings, allocations, reconciliations, matching, and settlements across various asset classes. You will collaborate with Trading, Portfolio Managers, Fund Accounting, Technology, and Risk teams to ensure accurate trade processing and derivative lifecycle management. The position requires 5+ years of Middle Office/Trading Assistant experience, a strong understanding of equities and equity derivatives, and hands-on experience with trading platforms and messaging protocols like FIX. Advanced Excel skills are essential. Experience with Python/SQL, SPACs, PIPEs, Transfer Agents, SMAs, and AI tools is a plus. The role is hybrid with a base pay range of $120,000-$150,000.

The Role

We are seeking a highly qualified Senior Associate to join our Equities Middle Office team. This team is responsible for building scalable and efficient trade support solutions and offering our investment teams expertise that drives the evolution of our Firm’s platform and the production of our portfolio strategies.

What you’ll do

In this role you’ll be responsible for full trade lifecycle management, assisting the trading desk with bookings, allocations, daily reconciliations, T-0 matching, and settlements and clearing for a broad range of asset classes. You’ll work closely with the Trading, Portfolio Managers, Fund Accounting, Technology and Risk teams to ensure accurate trade processing, derivative lifecycle management, and support on P&L inquiries as well as contribute to the overall enhancement of our platform.

What you’ll bring

  • 5+ years’ experience in Operations in a Middle Office/Trading Assistant capacity; buy-side experience preferred
  • A bachelor’s degree in Finance, Economics, Business Administration, or related degree
  • In depth knowledge of equities, equity derivatives, and FX
  • Strong understanding of non-trade activity, including derivative lifecycle events and corporate actions
  • Expert fundamental knowledge of the full life cycle of a trade, from trade capture through settlement and reconciliation
  • Hands on experience supporting EMS, PMS, and T-0 matching platforms, and various messaging protocols such as FIX
  • Advanced Excel skills – vlookups, pivots, etc.
  • Strong sense of accountability and ownership, with a track record of delivering results and contributing to strategic initiatives
  • Experience driving and coordinating multi-functional initiatives, both large scale and tactical
  • Capable of setting priorities and carrying multiple tasks in a fast-paced environment with strong attention to detail and the ability to adapt in a global setting
  • Excellent interpersonal and communication skills, verbal and written
  • Enjoys working with people as part of a global team, who challenge you and make you better at what you do
  • We’d love if you had:

  • Experience with SPACs, PIPEs, and working with Transfer Agents
  • Prior hands on experience working with Separately Managed Accounts / External Investment Advisors
  • Experience with Python/SQL
  • Experience using AI tools to improve workflows or performance
  • Who we are Schonfeld is a global multi-manager hedge fund that strives to deliver industry-leading risk-adjusted returns for our investors. We leverage both internal and external portfolio manager teams around the world, seeking to capitalize on inefficiencies and opportunities within the markets. We draw from decades of experience and a significant investment in proprietary technology, infrastructure and risk analytics to invest across four main strategies: Quant, Tactical, Fundamental Equity and Discretionary Macro & Fixed Income.

    Our CultureAt Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls.

    The base pay for this role is expected to be between $120,000 and $150,000. The expected base pay range is based on information at the time this post was generated. This role may also be eligible for other forms of compensation such as a performance bonus and a competitive benefits package. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications, and experience.

    #LI-MM1

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