Firm Overview
Verition Fund Management LLC (“Verition”) is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Fixed Income & Macro, Event & Multi-Asset RV, Equity L/S & Capital Markets, and Quantitative Trading.
Department Overview
The Operations team is responsible for the processes and infrastructure supporting the firm's investment activity across strategies, products, and markets globally. Partnering closely with Portfolio Managers, Trading, Risk, Technology, and external counterparties (prime brokers, custodians, and fund administrators), the team manages the end-to-end trade lifecycle, including trade capture and settlement, position and cash reconciliations, corporate actions, and regulatory reporting.
Role Overview
Verition is seeking a motivated Operations Specialist to join its FX Operations team. The Specialist 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.
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.
Qualifications
- 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.
- Excellent written and verbal communication skills.
- High level of intellectual curiosity, strong work ethic, and a keen attention to detail.
- Ability to work effectively in a team-oriented, fast-paced, and dynamic environment.
Skills Required
- 2-5 years of experience in investment management or fund operations
- Working knowledge of 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, Geneva)
- Ability to operate in a fast-paced, high-intensity environment
What We Do
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. Talent is the lifeline of Verition's success. Our culture encourages individuals to communicate openly across all strategies and businesses, and we believe there is alpha in integration. We strive to empower our Investment Professionals to act like business owners by making decisions based on a combination of rigorous analysis and an open, creative mindset. We have locations in Greenwich, CT, Norwalk, CT, New York, NY, London, UK, Singapore, Republic of Singapore, DIFC, Dubai (United Arab Emirates) and an affiliate office in Hong Kong (SAR), China. Verition has an institutional quality infrastructure with a team of over 500 investment/risk and non-investment professionals. Verition is always seeking ambitious and entrepreneurial individuals that can be impactful and help to drive differentiated returns. To learn more, please contact us for information at: [email protected]
