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

• 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
• Support execution of FX forwards, swaps, and options, as well as interest rate swaps, caps, and cross-currency swaps
• Help monitor hedge positions, maturities, rolls, and exposures, and keep the hedge book accurate and current
• Help put new hedge programs in place as the firm launches new funds, strategies, and investment vehicles

Trade Operations

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

Tools, Dashboards & Analytics

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

Transaction Cost Analysis

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

Qualifications

• 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
• Strong working knowledge of FX and interest rate derivatives (forwards, swaps, options, cross-currency swaps, caps) and their full trade lifecycle
• Experience with ISDA/CSA documentation, collateral management, and counterparty workflows
• 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
• Experience with trading and execution platforms such as Bloomberg, FXGO, FXall, 360T, or similar
• Hands-on experience with transaction cost analysis preferred
• Highly organized and detail-oriented, able to handle a fast-paced trading environment and competing priorities
• Strong communicator who’s comfortable partnering directly with traders and cross-functional stakeholders
• Bachelor’s degree in Finance, Economics, Mathematics, Computer Science, or a related field