Associate - Fund Operations - Montréal, Canada - Innocap

Innocap

Verified Company

Montréal, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

_PLEASE NOTE THAT THIS ROLE MAY BE FILLED IN CANADA OR THE USA. WE WELCOME APPLICANTS FROM BOTH LOCATIONS._

ABOUT INNOCAP
Our origins date back to 1996.

We provide Institutional allocators a superior way to structure, access and monitor their alternative investments through our Dedicated Managed Account platform.

We are the leading Dedicated Managed Account Platform in the world with US$59 billion in assets, >275 funds, >US$900B of client assets leveraging our technology.

We benefit from solid, committed, and long-term institutional shareholders.

Our values are client centricity, innovation, expertise, governance/ transparency, and partnership (with clients and among our talents). We are home to >385 innovative talents and robust financial technology operating from seven locations worldwide. We are always looking for the energetic, curious, passionate people to join our global team.

ABOUT THE ROLE
The Innocap Operations Team is responsible for the following functions:

Understand the account structure and investment strategy for funds covered.
Monitor daily clearing broker cash and margin balances in accordance with margin rules established with each client.
Liaise with prime broker, futures broker or cleared swaps counterparties to resolve any discrepancy or reporting questions and execute wires to post collateral or call back excess collateral.
Perform daily OTC collateral management function, including reviewing system calculation, issuing, and responding to collateral calls, managing, and researching disputes, and moving cash or noncash collateral.
Calculate, confirm, and instruct cash movements for OTC Trades, including premium settlement and swap resets.
Assist with settlement of listed and OTC trades, collaborate with brokers on resolution of any discrepancies.
Review reconciliations between the Administrator and Counterparties, as well as between Administrator and Investment Manager.
Review valuations for final Net Asset Value calculations to ensure the Administrator has valued instruments in accordance with each client's valuation policy.
Collaborate with global teams in the U.S., Ireland, India, and Poland.
Perform project work to support internal and external needs.

The Innocap Operations team works closely with the Fund Accounting team for daily and monthly deliverables.

PRIMARY QUALIFICATIONS & SKILLS

Bachelor's degree in finance or related field.
Possess basic understanding of listed financial products, especially equities and fixed income.
Experience with reconciliation of positions and understanding of break resolution process is a must.
Knowledge of corporate actions, foreign exchange, listed derivatives, and OTC derivatives is preferred.
Experience with DTC and Euroclear settlements process, familiarity with trade cycles of various types of investments is a plus.
Ability to work independently while adhering to deadlines.
Demonstrated ability to manage a high volume of tasks and queries in an efficient manner and prioritize work to meet deliverables.
Detailoriented and extremely organized.
Strong analytical and communication skills.
Please note that the role is hybrid (mix of remote and inoffice)._

Innocap's Global Privacy Notice.

LI-Hybrid