Operations Analyst
Who we are:
Pharo Management is a leading global macro hedge fund with a focus on emerging markets. Founded in 2000, the firm has offices in London, New York and Hong Kong and currently manages $7 billion in assets across four funds. Pharo trades foreign exchange, sovereign and corporate credit, local market interest rates, commodities, and their derivatives. We trade in over 70 countries across Asia, Central and Eastern Europe, the Middle East and Africa, Latin America as well as developed markets. Our investment approach combines macroeconomic fundamental research and quantitative analysis.
Pharo employs a diverse, dynamic team of 125 professionals representing over 20 nationalities and 30 languages. We have a strong corporate culture anchored in core values such as collaborative spirit, creativity, and respect. We are passionate about what we do and are committed to attracting the best and brightest talent.
This is a great opportunity to join a market leader, and contribute to our continued success.
Job description:
We are looking for an Operations Analyst in our London office. This position is varied in scope and the individual will be responsible for trade capture, trade matching/allocation and the full reconciliation process.
Responsibilities:
- Liaise with the execution desk to ensure trades are booked on time and trade issues are remedied same day.
- Immediately follow up with the desk and our counterparties to resolve any trade breaks.
- Actively monitor, allocate and confirm trades over MarkitWire, Tradeserve, CTM, and ICE Link.
- Actively monitor matching dashboards for FX prime brokers.
- Complete reconciliations across FX, OTC Cleared, Futures, Equities, and Bonds. Follow-up immediately with the clearing brokers, FCMs, and the desk to resolve any discrepancies.
- Coordinate the hedging of FX exposures with Treasury colleagues.
- Process OTC and collateral wires, manage fund cash balances, and ensure secure funding in the Money Markets.
- Perform swap netting at LCH and ICE to compress interest rate swaps and credit default swaps.
- Review and process FX netting of positions with prime brokers.
- Manage local market settlements and all associated corporate action events across multiple African markets.
- Processing mandatory and voluntary corporate actions.
- Liaise with counterparties, fund administrators, and custodians on trade and settlement matters.
- Contribute ideas to improving efficiency and controls. Assist with initiatives that support these efforts.
- Escalate and resolve all issues in a timely manner.
- Maintain and review all static data periodically.
Required qualities and skills:
- At least two to three years’ work experience at a top tier financial services institution.
- Experience in the operations area of a hedge fund, investment manager, or prime brokerage firm would be a plus.
- A bachelor’s degree in a relevant field (e.g. Finance, Accounting, and/or Economics).
- Strong knowledge of interest rate swaps/credit default swaps and their workflow is preferable.
- Self-motivated, entrepreneurial, and able to communicate well across all levels of seniority both internally and externally.
- Accuracy, attention to detail, and the ability to use critical thinking independently to resolve issues promptly is critical to the role.
- Ability to continuously improve operational efficiency and workflow.
- Prior knowledge of MarkitWire, Tradeserve, MTM, CTM, and OTC Clearing is very beneficial.
- Knowledge of different financial instruments such as bonds, futures, foreign exchange, and derivatives is required.
- Experienced user of Microsoft Excel. Any VBA/programming experience would be helpful.
