Operations Associate - FX Operations

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 FX Operations team. The Associate will be responsible for daily PM support across FX related trade flow. The role involves close coordination with portfolio managers, risk, product control, settlements, fund administration, technology, and operations. The ideal candidate has worked in a trade support role in the past, is detail oriented, organized, and responsive — someone who can take ownership of issues and handle a fast-paced, multi-PM environment.

KEY RESPONSIBILITIES

• Perform daily cash and position reconciliations across internal systems, external platforms, and Prime Brokers.
• Escalate and drive timely resolution of outstanding breaks.
• Identify process gaps and partner with internal and external stakeholders to develop and implement solutions.
• Track and manage trade lifecycle events including expiries, cashflows, and marking positions.
• Support trade capture for FX strategies.
• Investigate and resolve booking discrepancies, P&L inquiries, and trade breaks.

EXPERIENCE & REQUIREMENTS

• 2-5 years of experience in investment management or fund operations.
• Working knowledge of production FX spot, forwards, NDFs, swaps, and exotic FX options.
• Strong understanding of trade lifecycle.
• Familiarity with OMS platforms and prime broker portals — Bloomberg AIM, Orchestrade, or Geneva experience preferred.
• Comfortable operating in a fast-paced, high intensity environment.