Role details

Hedge Fund - Trading Assistant - Futures, Options, Equities

New York   •  Permanent

Bullet points

  • Rapidly Growing Hedge Fund and Proprietary Trading Firm
  • On-The-Desk Trading Assistant

About Our Client

Rapidly Growing Hedge Fund and Proprietary Trading Firm

Job Description


  • Proactively manage the settlement process for US and International market including Futures, Equities, and options
  • Reconcile positions discrepancies
  • Input doneaway trades
  • Trade support for Equity, Options and Futures traders using Redi, TT, CQG systems
  • Develop, coordinate and communicate policies and structure of pricing for clearing services to traders.
  • Market Data vendor management


  • Manage the International and Domestic Settlement Process
    • Work with PB and OMS to resolve position breaks
    • Ensure all T+1 breaks are resolved
    • Review short positions for stock borrow requirements
    • Review currency exposure in conjunction with Risk management to determine where risk reduction is needed
    • Oversee the upload of done away trades
    • Oversee corporate actions and make sure all tenders and elections are made
  • Oversee Futures Settlement Process
    • Provide support for the US Settlement Process
      • Breaks
      • Set up new traders
  • Futures Accounts
    • Primary point of contact for outside brokers and traders for this product
    • Ensure trade breaks are resolved
    • Monitor commission arrangements
  • Onboarding Process
    • Participate in the onboarding process by reviewing documents and setting up new International and Futures trading accounts
  • Managed Account Program
    • Work with program management to set up new Prime Broker Accounts
    • Work with fund administrator in the case of breaks

  • Broker Relationships
    • Primary contact for broker relationships. Coordinates the evaluation of proposed brokers and all broker counter-parties annually.
    • Reconcile international trades, domestic, options, and futures trades
    • Resolve system and reporting issues with clearing brokers
    • Manage relationship with brokers for trade breaks

The Successful Applicant

  • Microsoft Office: Word and Excel
  • 2+ years back office experience
  • Professional verbal and written communication skills
  • Ability to work in a fast-paced environment
  • Knowledge of US Equities, Options and International or Futures Products.

What's on Offer

Comprehensive Compensation Package;

  • Competitive Base Salary
  • Comprehensive Benefits Package
  • Discretionary Annual Bonus

Apply for this job

Click the Apply or LinkedIn button below or contact Davide Rosso quoting job reference 1214113
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