Specialist - Fund Operations

**_PLEASE NOTE THAT THIS ROLE MAY BE FILLED IN CANADA or the USA. WE WELCOME APPLICANTS FROM THESE LOCATIONS._** **ABOUT INNOCAP** Our origins date back to 1996. We provide institutional allocators a superior way to structure, access and monitor their alternative investments through our Dedicated Managed Account platform. We are the leading Dedicated Managed Account Platform in the world with >US$59 billion in assets, >275 funds, >US$900B of client assets leveraging our technology. We benefit from solid, committed, and long-term institutional shareholders. Our values are client centricity, innovation, expertise, governance/ transparency, and partnership. We are home to >385 innovative talents and robust financial technology operating from seven locations worldwide. We are always looking for energetic, curious, passionate people to join our global team. **ABOUT THE ROLE** The Platform Operations team performs critical functions to the funds on Innocap’s dedicated managed account platforms (“DMAs”). The team is responsible for the following functions: - Understand the account structure and investment strategy for funds covered. - Participate in pre-launch calls and gather and populate fund and investment manager data for new fund launches. - Set up ISDA and Repo collateral terms in our proprietary system. - Monitor daily clearing broker cash and margin balances in accordance with margin rules established with each client. Liaise with prime broker, futures broker or cleared swaps counterparties to resolve any discrepancy or reporting questions and execute wires to post collateral or call back excess collateral. - Perform daily OTC collateral management function, including reviewing system calculation, issuing, and responding to collateral calls, managing, and researching disputes, and moving cash or non-cash collateral. - Calculate, confirm, and instruct cash movements for OTC Trades, including premium settlement and swap resets. - Oversee reconciliations between the Administrator and Counterparties, as well as between Administrator and Investment Manager - Review valuations for final Net Asset Value calculations to ensure the Administrator has valued instruments in accordance with each client’s valuation policy. - Work with internal system and provide input and suggestions for enhancements and efficiency improvements; perform system testing for new releases. - Manage direct reports and actively participate in the recruitment and training of new team members. - Oversee completion, quality and timeliness of the Operations team responsibilities (listed above). - Serve as an escalation point for other Innocap teams. - Work with new clients and investment managers to design platform operations for specific funds and to explain roles and responsibilities. - Understand Innocap’s risks and enforce and suggest controls to mitigate risks. - Provide suggestions to enhance efficiency, controls and client experience. - Collaborate with global team leads within Platform Operations and other internal teams on initiatives (e.g. project work). **PRIMARY QUALIFICATIONS & SKILLS** - Bachelor’s degree in finance or the equivalent combination of education and experience. - Desired seniority level: mid-senior level (minimum 5 years of experience). - Strong knowledge and experience of hedge fund operations, including cash and security settlements. - Knowledge of corporate actions, foreign exchange, listed derivatives, and OTC derivatives is preferred. - Good comprehension of collateral and margin calculations for OTC and Prime Brokerage accounts. - Advanced proficiency with Microsoft 365, particularly Excel and SharePoint. Experience with Bloomberg as well as project work related to software enhancement is an asset. - Organized, analytical, detail-oriented, resourceful with proven ability to stay organized and manage a high volume of tasks in a timely manner. - Exceptional verbal and written communication skills with the ability to articulate information to internal and external stakeholders. Demonstrated leadership qualities along with a proactive, positive, and adaptable approach to work. - Innocap's Global Privacy Notice. LI-Hybrid