Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.
Job Description
Primary functions and essential responsibilities
- Perform reconciliation on par traded quantity, ensure trades are in line with counterparty
- Timely crosschecking of trades with funding memos/Clear Par, booking trade fees as per funding memo, and settle with correct quantity
- Keeping check on payout letters/distressed trades
- Problem solving, keen eye to breaks for position and cash, reaching out agent bank or admin for recon breaks
- Knowledge on the trade closure and settlement.
- Experience in warehouse closings and portfolio redemption trade settlements.
- Knowledge on loan restructure and corporate action events
- Knowledge on Non Loan settlements – FX and Bonds.
- Direct fund administrators and custodian banks on appropriate processing and review/reconcile processing output for accuracy
- Proactively research, resolve and prevent all settlement and corporate action cash and par breaks with custodian banks and third-party administrators
- Handle settlement related audit request
- Work with all internal and external stakeholders to improve and enhance settlement workflows
- Prepare daily, weekly, monthly and quarterly KPIs reporting and PowerBi system knowledge is a strong plus.
- Review daily recons between internal systems and third parties and resolve discrepancies, including MLR discrepancies
- Efficient mailbox management skills to manage the workflow assignments.
- Influencing and participating in decisions on policies/procedures designed to ensure compliance with internal, legal and regulatory policies and ensure changing business requirements are met
- Contribute ideas and recommendations to improve process efficiencies and increase risk mitigation
- Participate in meetings representing Settlements group and participate in department initiatives such as system enhancements, off-hour testing and new business conversions as necessary.
- People management skills with great influencing ability.
Qualifications
- Education: Bachelor’s Degree from an accredited university in Finance or related discipline
Experience Required:
- Strong fixed-income product knowledge, particularly bank loans
- Strong understanding of the Cross trades Settlements.
- Understanding of custodian bank/administrator’s and agent’s data
- Strong knowledge of fixed income assets
- Highly proficient in Microsoft Excel
- Proficient in Microsoft Outlook, Clearpar, Wall Street Office-Admin, OMS and Geneva
- Minimum 10-12 years of investment management operations experience with high emphasis on bank loan operations
- Experience working with an outsource/offshore service provider
- Experience in working on trade settlements per LMA and LSTA standards.
- Any knowledge of Python, power bi or any other automation tool can be added advantage.
Reporting Relationships
Vice President, Middle Office
There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.
