Operations Associate - Cash & Position Reconciliations

COMPANY OVERVIEW

Verition Fund Management LLC (“Verition”) is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Credit, Fixed Income & Macro, Convertible & Volatility Arbitrage, Event-Driven, Equity Long/Short & Capital Markets, and Quantitative Strategies.

ROLE OVERVIEW

Verition is seeking a motivated Operations Associate to join its Cash & Position Reconciliation team. The Associate will be responsible for daily cash and position reconciliation across a high volume of transactions, multiple accounts, counterparties, and asset classes, leveraging a suite of internal and third-party systems. You will work closely with Trading, Technology, and other Operations teams to ensure accuracy and timely resolution of breaks.

KEY RESPONSIBILITIES

• Perform daily cash and position reconciliations across internal systems, external platforms, and Prime Brokers.
• Investigate, analyze, and resolve high-volume reconciliation breaks across multiple platforms and systems.
• Escalate and drive timely resolution of outstanding breaks.
• Maintain accurate transaction records across internal and third-party systems.
• Identify process gaps and partner with internal and external stakeholders to develop and implement solutions.
• Respond to queries and ad hoc requests from Trading, Technology, and other Operations teams in a timely manner.

REQUIREMENTS

• Bachelor's degree required.
• 3+ years of operations or financial services experience; exposure to Equities, Credit, Derivatives, and/or Rates a plus.
• Experience with DUCO or similar reconciliation tools preferred.
• Self-starter with strong analytical, communication, and problem-solving skills.
• High attention to detail and commitment to accuracy in a high-volume environment.
• Ability to manage competing priorities and meet deadlines in a fast-paced, dynamic environment.
• Collaborative team player comfortable working across Trading, Technology, and Operations functions.

Compensation (from employer):
Salary Range — 100,000 – 125,000 USD