The Middle Office team at Hudson River Trading (HRT) is responsible for ensuring the smooth operation of HRT’s post-trade platform, which supports the firm’s trading across multiple asset classes and geographies globally. The Middle Office team is responsible for designing and operating processes that reconcile HRT's trading activities with various brokers and counterparties. This involves collaborating with other teams to research corporate actions, manage commissions programs, and track all trading-related costs incurred by the firm. Being a member of the Middle Office team at HRT means working on a tight-knit, highly productive team.
The ETF Middle Office Analyst will be responsible for managing the post-trade lifecycle of ETF transactions. This role involves working cross-functionally to ensure efficient settlement processes and maintaining strong relationships with OTC counterparties. The ideal candidate for this role will have extensive experience in ETFs and be able to contribute to broader Middle Office functions.
Responsibilities
- Position Management: Manage and reconcile positions, ensuring accuracy and timely updates within HRT systems
- Trade Settlement: Oversee the settlement process for ETF trades, working closely with brokers and counterparties to resolve any issues
- Reporting: Generate and distribute regular reports on positions, trades, and settlements to relevant teams and stakeholders
- Workflow Improvement: Collaborate with HRT’s Post-Trade and Accounting teams to identify and implement improvements to current workflows and processes
- Counterparty Management: Handle onboarding and relationship management with OTC counterparties, ensuring compliance with KYC and legal requirements
- Communication: Manage settlement-related emails and ensure timely communication with internal teams and external counterparties
Qualifications:
- 3-5 years of relevant industry experience
- Extensive experience in ETF post-trade management and settlements
- Strong understanding of settlement processes and financial markets
- Ability to work collaboratively in a fast-paced environment
- Excellent organizational and cross-functional communication skills
- Ability to manage and prioritize multiple tasks effectively
- Experience managing relationships with OTC counterparties and handling related communications
- Exceptional analytical and problem-solving skills
- Meticulous attention to detail and a can-do attitude
Preferred Skills:
- Familiarity with SQL databases
- Python scripting
- Familiarity with UNIX operating systems
The estimated base salary range for this position is $120,000 to $160,000 per year, based on job-related skills and experience. This role will also be eligible for discretionary performance-based bonuses and a competitive benefits package
Culture
Hudson River Trading (HRT) brings a scientific approach to trading financial products. We have built one of the world's most sophisticated computing environments for research and development. Our researchers are at the forefront of innovation in the world of algorithmic trading.
At HRT we welcome a variety of expertise: mathematics and computer science, physics and engineering, media and tech. We’re a community of self-starters who are motivated by the excitement of being at the cutting edge of automation in every part of our organization—from trading, to business operations, to recruiting and beyond. We value openness and transparency, and celebrate great ideas from HRT veterans and new hires alike. At HRT we’re friends and colleagues – whether we are sharing a meal, playing the latest board game, or writing elegant code. We embrace a culture of togetherness that extends far beyond the walls of our office.
Feel like you belong at HRT? Our goal is to find the best people and bring them together to do great work in a place where everyone is valued. HRT is proud of our diverse staff; we have offices all over the globe and benefit from our varied and unique perspectives. HRT is an equal opportunity employer; so whoever you are we’d love to get to know you.
Top Skills
What We Do
Hudson River Trading brings a scientific approach to trading financial products. We have built one of the world's most sophisticated computing environments for research and development. Our researchers are at the forefront of innovation in the world of algorithmic trading.
Why Work With Us
At HRT we are mathematicians, computer scientists, statisticians, physicists and engineers. We believe that by cultivating an environment that encourages idea sharing and collaboration, we develop our best strategies. We boast a flat management structure as all our people are motivated by being at the forefront of the automated trading world.
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Hudson River Trading Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
Teams have a range of in-office needs: some require 24/7 coverage or hands-on maintenance, while others operate across time zones. While the majority of teams adopt a fairly even split between in-office and remote work, many come in every day.
