Job Description
ABOUT INNOCAP
Innocap is the leading Dedicated Managed Account Platform (DMAP) globally, providing institutional allocators with a superior way to structure, access, and oversee their alternative investments. With over US$125 billion on the platform and more than 530 employees across the globe, we are transforming how allocators access and manage alternative investments.
Powered by our people, processes and purpose‑built technology, Innocap is seeking forward-thinking individuals to join us on our exciting journey. At Innocap, you won't just manage what’s here today. You’ll build what comes next. Here, careers are about building, not maintaining.
We give our people the freedom to think boldly, move quickly, and create real impact with less red tape. Driven by transformation, trust and collaboration, we never settle for the status quo and are constantly finding better ways to serve our clients and actively shape the future of the investment industry.
At Innocap, your work makes a difference every day – and helps build what’s next for our clients, the industry, and your career.
Because the future doesn’t build itself. We do.
ABOUT THE ROLE
The Platform Operations team, with members located in Canada, the US, Ireland, Poland, United Arab Emirates and India, performs critical functions on Innocap’s dedicated managed account platforms (“DMAs”). The team's primary responsibilities include performing complex funds reconciliations, margins & OTC collateral management as well as OTC derivatives settlement.
The Platform Operations Department is currently looking for a Senior Associate to join its team and support the platform growth. The candidate will have the unique opportunity to work closely with hedge fund asset managers, clearing and OTC counterparties, and administrators.
The Senior Associate in Platform Operations has the following main responsibilities:
- Monitor cash and margin balances in accordance with margin rules established with each client.
- Diligently perform all OTC collateral management activities.
- Review and investigate position reconciliation and liaise with counterparties, asset managers and administrators to resolve any discrepancy.
- Instruct, review, and approve cash movement and OTC settlements.
- Participate in platform and funds launches & liquidations.
- Collaborate on various enhancement projects.
- Share knowledge and provide guidance and support to other team members.
PRIMARY QUALIFICATIONS & SKILLS
- University degree in finance or related field.
- Desired seniority level: mid-level (minimum 4 years of relevant experience in Operations, Middle-Office or related fields).
- Intermediate to advanced understanding of the financial markets, instruments and key processes.
- Intermediate to advanced knowledge of financial products, such as equity, fixed income, foreign exchange, listed derivatives, and OTC derivatives.
- Experience with reconciliation of positions and understanding of break resolution process.
- Experience in margin and collateral management process & calculations is an asset.
- Analytical and detail-oriented, resourceful with a proven ability to manage work in a timely manner.
- Excellent organizational, interpersonal and communication skills with the ability to clearly and effectively explain concepts to team members.
- Team-oriented professional with demonstrated problem-solving and critical thinking skills.
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