Analyst, Portfolio Operations

Position Summary:

Operations Analyst is the third step in the Portfolio Operations career track at ProShares.

Each step in the PO career track contains a similar series of skills, experiences, and characteristics that are performed at an increasing level of understanding and responsibility as you progress through the track. The Operations Analysts play an integral role in the four essential job functions within the Portfolio Operations Department.

• Derivative Operations- Derivatives play an important role in the management of our funds. A strong focus of the operations department is to focus on post trade lifecycle events. The primary responsibilities are collateral management, both bilaterally and cleared, as well as the timely confirmation and settlement of all OTC post settlement lifecycle payments.

• Trade Operations- Focus on physical settlement operations. Trade Operations is responsible for the post execution process of confirmation, affirmation, settlements, TMPG claims, and class actions across a wide variance of products.

• Corporate Actions- Manage and provide a high-quality corporate action service in accordance with our standards of best practice. Monitor corporate actions throughout the day to ensure proper action is taken and projection for T+1 is made. Oversee security master data, and necessary changes are made.

• Fund Accounting/ Reporting - Working closely with external fund accountants, ensure that internal records are in line with service providers. Create and publish an independent shadow NAV. Working closely with Portfolio Management, and brokers, monitor trade flow between OMS and IBOR to accurately project current Day NAV's, and T+1 IOPV projections.

Essential Job Functions [1]:

Derivative Operations

• With direction from Team Lead, plays an integral role interacting with multiple internal partners and external parties including Repo, OTC, Swap Counterparties, and FCM's

• Daily issuance and response of all bilateral and cleared margin calls.

• Escalation and dispute resolution on margin disagreements

• Process all Swap confirmations on a daily basis.

• Process all ETF CR/RD confirmations on daily basis.

• Monitor liquidity needs of portfolio managers, process collateral substitutions as needed

• Daily monitoring of counterparty exposure to support collateral service agreements (CSA), (MSFTA) and variation margin and initial margin (FCM) requirements for Futures and OTC.

• Familiarity with OTC Derivative Products, Foreign Exchange and Precious Metals back and middle office functions

• Working to learn and grasp an understanding of ISDA CSA and other margin related documentation.

Trade Operations

• Day to day tasks including the post execution process of confirmation, settlement, TMPG claims, and class actions.

• Process confirmations, research, and resolution of all fails, claims processing, and management reporting.

• Work closely with dealers and custody relationships to foster an efficient workflow.

• Investigate failing trades and pre-matching issues with brokers, custodians and internal department.

• Daily trade affirmation of all physical trades, ensure proper trade flow from OMS through affirmation onto custodian for settlement.

• Report portfolio transactions

Corporate Actions

• With direction from Team Lead, capture the accurate and timely completion for processing of Corporate Actions Announcement Capture events.

• Daily event capture, reconciliation and allocation of payment related to mandatory and voluntary event types.

• Working under the direction of Team Lead, gain an understanding of complex event terms, global market regulations, and practices Coordinate with such areas as Trading, Sales, Product control, & Credit to resolve inquiries and disputes.

• Post and reconcile all mandatory and voluntary corporate actions within internal systems.

• Complete the processing, research and collection of all corporate action related activity including, but not limited to: Cash Dividends, Stock Dividends, Stock Splits, Spin Offs, Cash & Stock Mergers, Tender Offers, Rights Subscriptions, Full & Partial Calls, and Maturities

• Accurate projection of T+1 actions

• Proper upkeep and management of the security master file, ensure proper changes, additions are made in a timely matter.

Fund Accounting / Reporting

• Assist Team lead to calculate and process fund and account activities, e.g. supporting Net Asset Value (NAV) calculation, reporting and reconciliation, IIV calculation, reporting and reconciliation.

• Support the review and validation of data.

• Working alongside external fund accountants to validate NAVS, identify breaks, and quick resolution.

• Daily reconciliation to identify breaks between internal reconciliation and fund accountants.

• Reconcile end of day portfolio composition

• Verify net asset value of the portfolio.

• Ensure timely delivery of portfolio performance and characteristics.

Education and Experience:

• Undergraduate degree. Finance, economics, math, engineering, or related field preferred

• Two to four years related experience preferred

Knowledge, Skills and Abilities:

• Requires extreme attention to detail

• Requires strong quantitative and analytical skills

• Understanding of derivative securities including futures, options, and swap a plus

• Excel proficiency preferred. Familiarity with Bloomberg, Barra, and other industry standard systems desirable

• Experience with Middle Office systems, Colline, Geneva, Markit, desirable

[1] These statements are intended to describe the general nature and level of work involved for this job. It is not an exhaustive list of all responsibilities, duties and skills required of this job. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Additional privacy information for CA residents

EOE STATEMENT

ProShare Advisors LLC and its affiliates are equal opportunity employers and do not discriminate against otherwise qualified applicants on the basis of age, race, color, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), marital or family status, national origin, ancestry, physical or mental disability, mental condition, veteran status, sexual orientation, gender identity, genetic information, or any other characteristic protected by applicable law.