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ABOUT INNOCAP
Innocap is the world’s leading firm of managed account platform services. With over US$100 billion in assets under management, over 500 employees and offices in five countries, we are shaping the future of alternative investments for institutional owners and allocators. Our mission is to revolutionize the asset management industry and to provide customized expert services and an exceptional client experience.
We are seeking forward-thinking individuals to join us on our exciting journey. Innocap’s success is built on the diversity of our people and the strength of their ambitions. We empower our teams and foster a culture of inclusivity, collaboration, innovation, and growth. At Innocap, you'll have the opportunity to enhance your career, work on exciting projects, and make a real impact.
ABOUT THE ROLE
The Platform Operations team, with members located in Canada, the US, Ireland, Poland, and India, performs critical functions on Innocap’s dedicated managed account platforms (“DMAs”). The team's primary responsibilities include performing complex funds reconciliations, margins & OTC collateral management as well as OTC derivatives settlement.
The Platform Operations Department is currently looking for an Associate to join its team and support the platform growth. The candidate will have the unique opportunity to work closely with hedge fund asset managers, clearing and OTC counterparties, and administrators.
The Associate in Platform Operations has the following main responsibilities:
Monitor cash and margin balances in accordance with margin rules established with each client.
Diligently perform all OTC collateral management activities.
Review position reconciliation and liaise with counterparties, asset managers and administrators to resolve any discrepancy.
With the assistance of our senior team members, investigate reconciliation breaks and seek resolution.
Initiate or review and approve cash movement and OTC settlements.
Support senior members of the team in funds launches & liquidations.
PRIMARY QUALIFICATIONS & SKILLS
University degree in finance or related field.
Desired seniority level: minimum 2 years of relevant experience in Operations, Middle-Office or related fields.
Basic to intermediate understanding of the financial markets, instruments, and key processes.
Basic to intermediate knowledge of financial products, such as equity, fixed income, foreign exchange, listed derivatives, and OTC derivatives.
Basic to intermediate knowledge and experience with reconciliation of positions and understanding of break resolution process.
Experience in margin and collateral management process & calculations is an asset.
Analytical and detail-oriented, resourceful with ability to manage work in a timely manner.
Good organizational, interpersonal and communication skills
Team-oriented professionals with problem-solving and critical thinking skills in development.
Please note that the role is hybrid (mix of remote and in-office).
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