What are the responsibilities and job description for the Head of Alternative & Hedge Fund Operations position at WhiteCap Search?
A leading global asset manager is seeking an experienced alternative operations executive to help scale its alternative and hedge fund operations capabilities. The role is based in the greater Los Angeles area, with full relocation assistance available for candidates outside the region. This individual will partner closely with Portfolio Managers and senior stakeholders across operations and technology to drive key operational priorities and enhance core capabilities across data, transaction, position, and performance management. The ideal candidate will have 10 years of alternative operations experience, with strong ownership of end-to-end processes, operational controls, and project management expertise.
Job Function
41875
Job Function
- Serve as the business owner for hedge fund operations, setting direction, defining governance, and maintaining a clear operating model across people, process, and technology.
- Translate portfolio manager objectives into operational and technical capabilities, prioritizing multi-stakeholder demand and aligning funding to outcomes.
- Establish clear governance and communication routines with stakeholders across operations, technology, finance, risk, and compliance.
- Define ownership and quality controls for reference, market, and transactional data; implement metrics, data lineage, and exception management.
- Ensure timely, accurate trade booking and lifecycle management; reduce fails and claims and strengthen intraday processing.
- Oversee position integrity through reconciliations, corporate actions, cash movements, and financing workflows across internal and official records.
- Expand oversight of strategy-level performance and P&L, align internal and official measures, and standardize root-cause analysis and remediation.
- Build and maintain a robust control framework to improve accuracy, completeness, and timeliness across operations, including operational risk assessments.
- Partner with legal and compliance teams to support regulatory requirements, policy adherence, and audit readiness.
- 10 years in hedge‑fund operations leadership, with hands‑on expertise across trade lifecycle, financing, cash & collateral, reconciliations, and performance oversight—ideally with global multi-asset class experience.
- Deep understanding of data governance and controls (reference/market/transactional), intraday processing, and end‑to‑end operating risk.
- Track record building enterprise‑grade processes and platforms that scale beyond hedge funds—balancing specialized needs with overall firm priorities.
- Bachelor’s degree required; advanced degree or professional credentials (e.g., CFA/FRM) a plus.
41875
Salary : $205,000 - $305,000