Capula is looking for a collaborative and enthusiastic Operations
Associate to join our Operations Trade Flow team. We are looking to
hire in our Greenwich, CT office. This is the perfect opportunity for
someone with around 1 years' experience, looking to gain further
experience in a leading hedge fund.
Overall purpose of the job:
Provide accurate and consistent support for Capula Trading Desks;
ensure all trades are processed on trade date and resolve any
queries or issues relating to trade capture, settlement and event
processing; understand the controls and procedures and adhere to
them; assist with projects relating to system or process
enhancements and re-engineering of operational flows.
The primary focus is on supporting the Capula Trading Desks which
are active in US hours.
The primary duties and responsibilities:
Understand trade flow process for all products traded by Front
Office for different Capula funds/accounts and the role of Prime
Brokers, Clearers and Administrators.
Be able to prioritise and make sure that all tasks are done in a
timely and efficient manner with every checklist item covered by end
of day. Send out hand over EOD emails as per internal procedures.
Ensure that all new trades booked on the Blotter or Titan are
matched with trade recaps (electronic platforms where applicable)
and captured in Front and administrator's system correctly.
Process unwinds and novations as per Front Office requests in the
internal systems, Mwire/ICE (if applicable) and liaise with external
parties to complete it with novation protocol emails etc.
Understand FIX connections and CSV upload process with applicable
brokers and be able load files and resolve any issues relating to them.
Monitor Front expiry reports and broker notifications for all
products, liaise with FO and process expiries as per internal procedures.
Monitor MTM, Mwire, ICE and Omgeo and ensure that all trades are
matched and affirmed on trade date, otherwise chase counterparties
or traders for any outstanding actions and monitor the deals until done.
Monitor group inbox and process emails relating to Operations Flow
Team, including, but not limited to trade recaps, upload messages,
queries, requests and reports.
Monitor system alerts (Titan, Blotter, emails) throughout the day
and make sure the all trade breaks are resolved by EOD.
Resolve trade discrepancies and any position related queries with
Front Office, Product Control, Market Risk, Administrators, Prime
Brokers or counterparties.
Ensure all bonds for managed accounts are booked, instructions are
sent to custodians, approved and released.
Closely work with Operations Control team to take over the process
of instructing Treasury moves, Repo Financing boxing and de-boxing
via portals, emails (or other means) to Custodians, Administrators
and Prime Brokers after UK EOD.
Monitor Bond and Repo settlements applicable for USD and CAD
currencies for all funds and managed accounts; closely work with
prime brokers and custodians to make sure all trades, including
Treasury moves and boxing/de-boxing trades settle.
Escalate any unresolved items to the US Shift Supervisor in timely manner.
Be able to learn and support new products/processes when and if
they are onboarded for Capula funds/accounts.
When required, support the onboarding of new products,
counterparties or third party providers in the operations team and
work with relevant internal teams, administrators and prime brokers
to integrate them into the flow.
When required, work on projects relating to system enhancements
and re-engineering of the operational flows.
Education and Qualification
Good degree at a well-recognized university with strong academic background.
Candidates will ideally have done a degree in finance or a
Ideal candidates will have some experience within Operations at a
bank of a hedge fund. This could have been as an industrial
placement or a permanent graduate position.
Python or SQL is highly desirable
Ability to cultivate relationships both internally and externally
to support the business requirements
An individual adept to knowledge sharing with other team members
A fast thinking and analytical individual
Excellent interpersonal and communications skills. Must speak
Quick decision making skills and willingness to assume
responsibility and take ownership of tasks assigned.