Senior Associate

ABOUT INNOCAP

Innocap is the world’s leading firm of managed account platform services. With over US$100 billion in assets under management, over 500 employees and offices in five countries, we are shaping the future of alternative investments for institutional owners and allocators. Our mission is to revolutionize the asset management industry and to provide customized expert services and an exceptional client experience.

We are seeking forward-thinking individuals to join us on our exciting journey. Innocap’s success is built on the diversity of our people and the strength of their ambitions. We empower our teams and foster a culture of inclusivity, collaboration, innovation, and growth. At Innocap, you'll have the opportunity to enhance your career, work on exciting projects, and make a real impact.

ABOUT THE ROLE

The Platform Operations team, with members located in Canada, the US, Ireland, Poland, United Arab Emirates and India, performs critical functions on Innocap’s dedicated managed account platforms (“DMAs”). The team's primary responsibilities include performing complex funds reconciliations, margins & OTC collateral management as well as OTC derivatives settlement. 

The Platform Operations Department is currently looking for a Senior Associate to join its team and support the platform growth. The candidate will have the unique opportunity to work closely with hedge fund asset managers, clearing and OTC counterparties, and administrators. 

The Senior Associate in Platform Operations has the following main responsibilities:

• Monitor cash and margin balances in accordance with margin rules established with each client.
• Diligently perform all OTC collateral management activities.
• Review and investigate position reconciliation and liaise with counterparties, asset managers and administrators to resolve any discrepancy.
• Instruct, review, and approve cash movement and OTC settlements.
• Participate in platform and funds launches & liquidations.
• Collaborate on various enhancement projects.
• Share knowledge and provide guidance and support to other team members.

PRIMARY QUALIFICATIONS & SKILLS

• University degree in finance or related field.
• Desired seniority level: mid-level (minimum 4 years of relevant experience in Operations, Middle-Office or related fields).
• Intermediate to advanced understanding of the financial markets, instruments and key processes.
• Intermediate to advanced knowledge of financial products, such as equity, fixed income, foreign exchange, listed derivatives, and OTC derivatives.
• Experience with reconciliation of positions and understanding of break resolution process.
• Experience in margin and collateral management process & calculations is an asset.
• Analytical and detail-oriented, resourceful with a proven ability to manage work in a timely manner.
• Excellent organizational, interpersonal and communication skills with the ability to clearly and effectively explain concepts to team members.
• Team-oriented professional with demonstrated problem-solving and critical thinking skills.

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