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Operations


All of our operations jobs in financial services firms are listed within this section.

Unlike the people working in the front office of an investment bank, fund manager or alternative investment house, operational finance professionals don't have direct contact with clients to drive revenues and gain profits for the organization. The operations division exists to support the rest of the business - operations professionals support the other employees and deal flows in the front office to guarantee everything works smoothly so the bank gets paid.

The primary duties of an operations job are clearing and settling trades. Clearing trades is checking that the records one bank has kept of the sale of a financial security match those of the bank or organization that has bought the security. Usually, simple trades are cleared automatically through immense electronic systems such as the Brussels-based Euroclear.

It's the job of settlements professionals to check that stocks or shares bought and sold by the bank's traders are exchanged for the right amount of money. A settlements job is basically a processing and controlling position. They are required to match instructions with counterparties and set up and monitor payments.

Settlements is a wide-ranging job, involving everything from preparing the documentation needed for a sale to checking the bank gets paid for all the shares it has sold and bought. Settlements professionals solve any problems with counterparties and review unsettled trades to speed along completion. For many of these jobs, you'll need knowledge of systems such as CCASS, DCCASS and SWIFT, as well as Euroclear/Clearstream.

Because financial services operations are becoming more automated, most operations jobs only require involvement when electronic systems fail ("exceptions") or developing new, more efficient processes and systems.

Clearing and settlements junior staff includes those who spend much of their time handling the exceptions. Their job is to discover what went wrong. Most simple clearing and settlements work now occurs in more economical centers such as Mumbai or the Philippines.

The position of trade support officer is closer to the trade floor. This position can handle many different asset classes, from equities and bonds to commodities or derivatives. Trade support officers answer any questions a trader could have, including anything from reconciliation problems to discrepancies between the various counterparties involved in a trade.

More advanced operations jobs higher up the career ladder involve much more strategy. Operations departments recruit project managers and business analysts who, for example, work on streamlining the exceptions process or work with off-shore teams to make processes more efficient and cost effective.

Settlements staff are hired in other financial institutions besides banks - as an example, hedge funds settlements professionals check that trades are booked and reported to the prime broker or custodian.

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Showing 1-30 of 851 jobs
Investment Officer I/II Calpers Investments $3,185 - $7,087 Sacramento, CA 21 May 13

As the nation's largest public pension fund, managing assets of $263.3 billion as of May 6, 2013, the Californ...

Sr. Accounting Associate, Accounting Dept Fund Evaluation Group Competitive compensation and bonus oppor... Cincinnati, OH 21 May 13

Primary job duties and responsibilities include producing divisional financial statements which includes prepa...

Trust Administrator - Kaspick TIAA-CREF Commensurate with experience San Francisco, CA 21 May 13

Institutional Trust Administration

Client Transition Specialist - Kaspick TIAA-CREF Commensurate with experience San Francisco, CA 21 May 13

New client transition & onboarding

Vice President, Compliance Reporting Service Manager (Sourcing) J.P.Morgan. Competitive Boston, MA 21 May 13

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CIB Hedge Fund Services / Alt Inv Transfer Agency - Investor Relations Manager - Associate J.P.Morgan. Competitive Boston, MA 21 May 13

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CIB - Hedge Fund Services Transfer Agency - Registration Specialist - Boston J.P.Morgan. Competitive Boston, MA 21 May 13

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CIB- Project Manager, PMO-Vice President-Boston J.P.Morgan. Competitive Boston, MA 21 May 13

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CIB-Hedge Fund Accounting- Specialist - Boston J.P.Morgan. Competitive Boston, MA 21 May 13

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Hedge Fund Business Analyst Wellington Management Company, LLP Competitive Boston, MA 21 May 13

Hedge Fund Business Analyst

FX Trade Support Specialist International Market Recruiters $65K - $75K New York City, NY 20 May 13

International Market Recruiters is one of the leading professional recruitment agencies, specializing in the p...

Trade floor based operations manager - hedge fund Not Disclosed $80000 - $140000 per annum New York City, NY 20 May 13

Ideal candidates will be from the buy side but excellent sell side candidate will be considered

Controller Not Disclosed Base Salary Plus Bonus New York City, NY 20 May 13

An equity long/short hedge fund with an extensive track record is looking to hire a Controller with 5 - 10 yea...

SSBO: Director, Operations Specialist -- NA DTC Settlements Morgan Stanley Competitive Baltimore, MD 20 May 13

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SSBO: Director, Operations Specialist - Tax Utility Operations Morgan Stanley Competitive New York City, NY 20 May 13

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CIB Hedge Fund Services Transfer Agency - Investor Relations Associate - Boston J.P.Morgan. Competitive Boston, MA 20 May 13

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ISG Product Operations: Associate, Operations Specialist - EQ CCP Commission Mgmt Morgan Stanley Competitive Baltimore, MD 19 May 13

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SSBO: Director, Operations Specialist - Business Analyst/Project Manager - SSBO Ops Change Team Morgan Stanley Competitive Baltimore, MD 19 May 13

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SSBO: Director, Operations Specialist - Tax Utility Operations Morgan Stanley Competitive New York City, NY 19 May 13

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MSWM Operations: Non-Exempt - Capital Markets Morgan Stanley Competitive Baltimore, MD 19 May 13

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Human Resources Generalist Morgan Stanley Competitive New York City, NY 19 May 13

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HR Generalist - Technology & Data Morgan Stanley Competitive New York City, NY 19 May 13

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Administrative Assistant Morgan Stanley Competitive Stamford, CT 19 May 13

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SSBO: Analyst/Associate- Cash Management Morgan Stanley Competitive Baltimore, MD 19 May 13

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ISG Product Operations: Associate, Operations Speclialist- Equity Cash Client Processing Morgan Stanley Competitive Baltimore, MD 19 May 13

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ISG Product Operations: Director, Operations Specialist- Prime Brokerage Operations Morgan Stanley Competitive New York City, NY 19 May 13

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MSWM Operations: Non-Exempt, Operations Service Representative- Capital Markets Morgan Stanley Competitive Baltimore, MD 19 May 13

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ISG Product Operations: Director, Team Leader - Commodities Ops Risk Morgan Stanley Competitive Purchase, NY 19 May 13

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ISG Product Operations: Analyst - Deriviative Documentation Morgan Stanley Competitive Baltimore, MD 19 May 13

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ISG Product Operations: Analyst- OTC Collateral Management Morgan Stanley Competitive New York City, NY 19 May 13

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