Operations Analyst
Pharo Management (HK) - New York, NY
posted 2 days ago
About the position
Pharo Management is a leading global macro hedge fund with a focus on emerging markets. Founded in 2000, the firm has offices in London, New York and Hong Kong and currently manages $7 billion in assets across four funds. Pharo trades foreign exchange, sovereign and corporate credit, local market interest rates, commodities, and their derivatives. We trade in over 70 countries across Asia, Central and Eastern Europe, the Middle East and Africa, Latin America as well as developed markets. Our investment approach combines macroeconomic fundamental research and quantitative analysis. Pharo employs a diverse, dynamic team of 125 professionals representing over 20 nationalities and 30 languages. We have a strong corporate culture anchored in core values such as collaborative spirit, creativity, and respect. We are passionate about what we do and are committed to attracting the best and brightest talent. This is a great opportunity to join a market leader, and contribute to our continued success.
Responsibilities
- Liaise with the execution desk to ensure trades are booked on time and trade issues are remedied same day.
- Immediately follow up with the desk and our counterparties to resolve any trade breaks.
- Actively monitor, allocate and confirm trades over MarkitWire, Tradeserve and ICE Link.
- Actively monitor matching dashboards for FX prime brokers.
- Perform reconciliations across Bilateral (ISDA), Repos, and Bonds, promptly following up with prime brokers, counterparties, and the desk to resolve any discrepancies.
- Coordinate the hedging of FX exposures with Treasury colleagues.
- Process OTC and collateral wires, manage fund cash balances and ensure secure funding in the Money Markets.
- Process and manage UMR related collateral accounts, trouble shoot disputes and resolve issues at the root cause level.
- Review and process FX netting of positions with Fund Prime brokers.
- Manage local market settlements and all associated corporate action events across multiple African markets.
- Liaise with counterparties, fund administrators and custodians on trade and settlement matters.
- Liaise with the fund administrator, accounting team and custodians on month-end closes, including addressing and resolving pending breaks.
- Contribute ideas to improving efficiency and controls. Assist with initiatives that support these efforts.
- Escalate and resolve all issues in a timely manner.
- Maintain and review all static data periodically.
Requirements
- Bachelor's degree in a relevant field (e.g. Finance, Accounting and/or Economics).
- Two to five years' work experience at a top tier financial services institution.
- Strong knowledge of fixed income, interest rate swaps/credit default swaps and their workflow is preferable.
- Self-motivated, entrepreneurial and able to communicate well across all levels of seniority both internally and externally.
- Accuracy and attention to detail are critical.
- Prior knowledge of Traiana, Markitwire, Tradeserve and OTC Clearing is very beneficial.
- Knowledge of different financial instruments such as bonds, futures, foreign exchange, and derivatives is required.
- Experienced user of Microsoft Excel.
Nice-to-haves
- Any VBA/programming experience would be beneficial.
Benefits
- Full time in New York.
