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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 104 jobs
Hedge Fund Middle Office - New York City Huxley Associates USD150000 - USD300000 per annum Manhattan, NY 10 May 13

Elite multi-strat hedge fund seeking senior middle office candidate.

Proprietary Trading Assistant - New York City Huxley Associates USD75000 - USD125000 per annum Manhattan, NY 23 Apr 13

Elite prop trading firm seeking TA.

Prime Brokerage Documentation - New York Huxley Associates USD75000 - USD150000 per annum Manhattan, NY 12 Apr 13

Elite broker dealer seeking experienced prime brokerage candidate.

Operations Analyst Not Disclosed Competitive New York City, NY 23 May 13

Asset Manager seeks a motivated individual that works well under pressure. Must be able to meet tight deadlin...

MSWM: Vice President , Team Manager - Product Group Services, Project Management Morgan Stanley Competitive New York City, NY 23 May 13

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Global Head of Telco Sourcing Morgan Stanley Competitive New York City, NY 23 May 13

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ISG Product Operations: Associate- Operations Specialist- Business Analyst Morgan Stanley Competitive New York City, NY 23 May 13

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Finance Manager - Energy Commodities Trading Firm Michael Page International - US Competitive salary, benefits and an oppo... New York City, NY 22 May 13

The new Oil & Gas Finance Manager will head the New York finance function and establish an optimal structure. ...

Senior Operations Manager - Energy Commodities Trading Firm Michael Page International - US Competitive salary, benefits and an oppo... New York City, NY 22 May 13

The Senior Oil & Gas Operations Manager is responsible primarily for all the logistic requirements starting fr...

Operational Risk Americas - Equities Credit Suisse Not Specified New York City, NY 22 May 13

This role offers significant exposure to the Securities business and the ability to build deep relationships ...

Head of OTC Equity Derivative Trade Services Fusionfind LLC $200,000 plus bonus New York City, NY 22 May 13

SVP level role

Facilities Executive (Engineering & Building Operations) - multi campus Not Disclosed Highly competitive base + lucrative bonu... Stamford, CT 22 May 13

A skilled, highly service-oriented facilities executive with expertise in building operations management and e...

Operations and Accounting Associate Not Disclosed 60K (or more depending on exp) + bonus New York City, NY 22 May 13

Global long/short equity hedge fund manager with approximately $6.0 billion in assets under management seeks a...

MSIM - Director: Operations Specialist- Equity Portfolio Services Morgan Stanley Competitive New York City, NY 22 May 13

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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

SSBO: Director, Operations Specialist - Tax Utility Operations Morgan Stanley Competitive New York City, NY 20 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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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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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- OTC Collateral Management Morgan Stanley Competitive New York City, NY 19 May 13

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ISG Product Operations: Associate, Operations Specialist - SPG Derivative Trade Support Group Morgan Stanley Competitive New York City, NY 19 May 13

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ISG Product Operations: Executive Director - Securities Operations CTB Project Manager Morgan Stanley Competitive New York City, NY 19 May 13

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Administrative Assistant - Fixed Income, Sales and Trading Morgan Stanley Competitive New York City, NY 19 May 13

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MSWM Operations: Analyst- Performance Reporting Morgan Stanley Competitive New York City, NY 19 May 13

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ISG Product Operations: Associate- Interest Rate Derivative Confirmation Drafter Morgan Stanley Competitive New York City, NY 19 May 13

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SSBO: Vice President, Team Manager - Global Loan Servicing Morgan Stanley Competitive Brooklyn, NY 19 May 13

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ISG Product Operations: Analyst Trade Support Group Specialist Morgan Stanley Competitive New York City, NY 19 May 13

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Campus Recruiting Manager - Wealth Management Morgan Stanley Competitive Purchase, NY 19 May 13

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