What are the responsibilities and job description for the Prime Brokerage Operations Associate position at Social Capital Resources?
Rapidly Growing Hedge Fund is seeking a Prime Brokerage Operations Associate!
Responsibilities:
- Supporting front-to-back trade execution, ensuring smooth and accurate trade processing, and facilitating seamless interaction between trading, portfolio management, counterparties, and custodians.
- Own the end-to-end processing of in-kind security movement via DTC
- Coordinating directly with custodians, prime brokers, and counterparties to ensure accurate delivery and receipt.
- Support high-volume, systematic trading driven by TLH rebalancing and harvesting events.
- Perform daily reconciliations across trades, positions, cash balances, and tax lots at the account level.
- Ensure accurate tax lot and cost basis preservation across every in-kind transfer, partnering with PMs and Fund Administrators to confirm lot-level detail carries through correctly.
- Investigate and resolve DTC transfer rejects, breaks, and delivery/receipt discrepancies in real time, escalating promptly to avoid settlement or tax reporting impact.
- Validate trade accuracy in the OMS and downstream systems, resolving discrepancies in real time.
Qualifications:
- Bachelor's Degree
- 4-7 years experience trading operations or fund operations at a Prime Brokerage firm or asset manager
- 2 years experience with DTC
- 2 years experience with Cost Basis
- Understanding of the trade lifecycle
- Previous experience working with Prime Brokers on daily reconciliations
Salary : $120,000 - $150,000