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Position: Direct Trading - Manager
Job Number: MS03685
Location: NY - New York City
Date Posted: 2017-08-30
Salary Range: $126-150k Over $150k
Job Summary:

Prestigious Investment Manager seeking Manager for Direct Trading Platform

Company Information:

Name: Financial Services Firm

Job Description:

− Project manage overall workflow (incl. build and maintain proper workplan; identify and resolve any critical path issues; keep all parties involved moving at desired speed, and provide transparency to all stakeholders about progress)

− Serve as a true thought partner to Investment Portfolio Managers

− Review investment guidelines and ensure feasibility of set up

− Select appropriate prime brokerage and counterparty relationships for new sub-advisors, considering the impact that alternative choices will have on the economics of the strategy, sub-advisor preferences, cost, and platform complexity

− Manage and maintain counterparties involved in the onboarding process; negotiate key economic terms

-Continuously enhance existing counterparty and sub-advisor set-up with the goal of achieving better pricing, risk diversification, and margin efficiency

-Collaborate with and guide prioritization of Legal team to continuously improve terms and documentation of existing and newly negotiated legal agreements

- Help team leader to manage counterparty relationships (ensure senior coverage, best service; support annual due diligence processes with banks’ credit officers, etc.)

-Independently manage a small number of “special projects” that are on the team’s strategic agenda (examples in the past included: using non-cash collateral; comparative pricing analysis across counterparties; extracting more value from hard to borrows; improving the onboarding process)


Requirements / Qualifications:

- Undergraduate degree from a top-tier university (incl. top state schools) with a 3.6 GPA or higher
- 3-8 years of work experience
- Experience in onboarding hedge funds to counterparties; strong familiarity with Prime Brokerage, FCM, ISDA, and repo products and their respective operational setups and legal documentations

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