FX & IR Hedging Trading Operations

Our client is a leading global alternative asset manager with approximately $950 billion in assets under management across Private Equity, Credit, Real Estate, Infrastructure, Insurance, and Multi-Asset Solutions. The firm is looking for a Middle Office Operations professional to support its FX and Interest Rate Hedging desk.

You’ll work directly with a team of FX and rates hedging traders and be a key partner across the full trade lifecycle. The job is a mix of hands-on trade operations, hedge program support, and building tools and analytics. It suits someone who knows derivatives operations well, enjoys being close to the trading desk, and wants to make a platform run better and scale.

Key Responsibilities

Trading Desk & Hedging Support

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• Act as the primary middle office partner to four FX and interest rate hedging traders, supporting hedging activity across the firm’s funds, vehicles, and investment platforms
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• Support execution of FX forwards, swaps, and options, as well as interest rate swaps, caps, and cross-currency swaps
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• Help monitor hedge positions, maturities, rolls, and exposures, and keep the hedge book accurate and current
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• Help put new hedge programs in place as the firm launches new funds, strategies, and investment vehicles
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Trade Operations

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• Own post-trade processes, including trade capture, booking, affirmation, confirmation, and settlement
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• Reconcile trades, positions, and cash with counterparties, custodians, and fund administrators, and investigate and resolve breaks promptly
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• Support collateral and margin processes under ISDA/CSA agreements, including margin calls and disputes
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• Coordinate with Treasury, Fund Finance, Fund Accounting, Legal, and Compliance on counterparty onboarding, documentation, and trade-related workflows
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Tools, Dashboards & Analytics

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• Design, build, and maintain tools and dashboards that give traders and senior stakeholders real-time visibility into exposures, positions, P&L, and hedge performance
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• Automate manual processes and reporting to improve efficiency, accuracy, and scalability
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• Work with Technology to improve trading systems, data flows, and integrations
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Transaction Cost Analysis

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• Produce transaction cost analysis (TCA) on hedge execution across counterparties and platforms
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• Analyze execution quality, spreads, and counterparty performance, and share findings that inform trading strategy and counterparty selection
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• Prepare regular reporting for the trading desk and senior management
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Qualifications

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• 5–10 years of experience in middle office, trade support, or trade operations at an asset manager, alternative investment firm, hedge fund, bank, or broker-dealer
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• Strong working knowledge of FX and interest rate derivatives (forwards, swaps, options, cross-currency swaps, caps) and their full trade lifecycle
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• Experience with ISDA/CSA documentation, collateral management, and counterparty workflows
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• Proven ability to build tools and dashboards; proficiency in Python and/or SQL and advanced Excel strongly preferred; experience with Power BI, Tableau, or similar a plus
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• Experience with trading and execution platforms such as Bloomberg, FXGO, FXall, 360T, or similar
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• Hands-on experience with transaction cost analysis preferred
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• Highly organized and detail-oriented, able to handle a fast-paced trading environment and competing priorities
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• Strong communicator who’s comfortable partnering directly with traders and cross-functional stakeholders
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• Bachelor’s degree in Finance, Economics, Mathematics, Computer Science, or a related field
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