Operations Analyst

About Magnetar

Magnetar is a leading, global alternative asset manager with over $13.1B AUM as of Quarter 1 2024. Grounded in nearly two decades of investing experience, we focus on delivering positive outcomes for our investors by seeking to generate consistent performance across a variety of market conditions through our core businesses: Alternative Credit and Fixed Income, Healthcare and Systematic Investing. We are based in Evanston, IL with additional offices in New York, London and Houston.

Magnetar employees are among the best in the business at what they do. We attract highly skilled, dedicated professionals who enjoy collaborating and implementing innovative ideas. Our employees have an intense level of intellectual curiosity, a profound passion for our work and care deeply about delivering results for our investors, the firm and for each other. We work hard to foster an inclusive and welcoming environment where employees are empowered to thrive.

We are purposeful about investing in our employee's health, well-being and firm culture. When you work at Magnetar, you will receive premier health care benefits, eligibility to enroll in a 401(K) savings program with employer match, unlimited PTO, lunch onsite, access to mental and physical wellness programs, the opportunity to participate in employee affinity groups with curated programming and networking events, and much more.

Position Overview

The Operations Analyst will play a key role in driving efficiencies of the Operations team and will lead day-to-day trading position review. The analyst will report to the Head of Operations and is part of a dynamic team that works closely with the investment team, back-office internal stakeholders, and external counter parties.

Responsibilities

• Review and determine resolutions to activity, holdings and cash reconciliations; working with the trading desk, external counterparties, and administrators through completion

• Work with external counterparties to settle trades from the point of booking through to settlement for global equities, bonds, futures, options, and FX on both cash and swap

• Work with desk and counterparties for any maturing securities, including, but not limited to futures, government bills

• Processing and working with the desk for listed derivative expiration and any associated events affecting the contract

• Monitor and work with the desk for both voluntary and mandatory corporate action events

• Communicate and effect any ad-hoc requests internally or externally

• Implement and adhere to "best practice" procedures

Qualifications

• 2-3 years of working with security settlement and reconciliation

• Ideal candidate will have specialist experience in futures reconciliation & settlements

• Good understanding of how domestic (USA) & global equities, bond trading and settlement at a custodian or prime broker differs considered a benefit

• Undergraduate or Graduate degree in Finance or Accounting with a strong academic performance record

• Proficient with Bloomberg and Microsoft office applications (with emphasis and advanced skills in MS Excel)

• An aptitude for solving problems, intellectual curiosity, strong quantitative skills and a willingness to immerse oneself in trade and security data

• Optimistic attitude with willingness to contribute however and wherever possible or required. Seeks out an environment with the potential to rapidly assume additional challenges and responsibilities.

• Motivated self-starter, highly organized and committed to accuracy and quality of work product

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.