Treasury Operations Associate

Job Description

Operations Associates liaise with trading/financing desks, counterparties, exchanges, prime brokers, and custodians to assist in the lifecycle of a trade.  This includes clearance, settlements, and/or cash management.  The Operations Associates have the unique opportunity to work across multiple different types of securities financing, including prime brokerage, swap, tri-party, stock loan, and repo.  Additionally, Operations Associates add value by developing new tools, applications and processes to support a wide-ranging array of current and new businesses.
Key Responsibilities
  • Clearing
  • Confirm all transactions executed on exchange listed products.
  • Manage client relationships with trading desks, counterparties, exchanges, and prime brokers
  • Work directly with trading desks to understand and implement posting and clearance of new trading strategies
  • Identify process improvements, define functional requirements for systems, and implement change
  • Settlement
  • Work with counterparties and depositories to instruct, monitor, and settle buys/sells, stock borrow, and repo trades for equities, government bonds, mortgage backed securities, and physicals
  • Manage daily contract maintenance events, including mark-to-market, contract compare, rate changes, and recalls
  • Create and distribute various broker dealer regulatory reports
  • Identify process improvements, define functional requirements for systems, and implement change
  • Cash and Collateral Management
  • Process daily collateral calls and managing exposure between Citadel entities and counterparties
  • Manage banking relationships and the setup and maintenance of bank accounts
  • Process firm-wide wire activity while monitoring and maintaining sufficient cash balances
  • Perform liquidity reserve maintenance, investment, and reporting
  • Identify process improvements, define functional requirements for systems, and implement change
Skillset Requirements
  • Bachelor’s degree or equivalent experience
  • Prior experience in financial services, or other operational or quantitative fields (ie: engineering, mathematics, manufacturing, etc.)
  • Familiarity or interest in financial markets and products
  • Self-motivated and able to work with little direct supervision
  • Ability to manage multiple tasks and thrive in a fast-paced team environment
  • Excellent analytical skills, with strong attention to detail and exceptional follow-through
  • Strong project management skills
  • Proficiency in Microsoft Excel (ie: formulas, v-lookups, pivot tables) and data analysis
Opportunities in Chicago, Hong Kong, London, New York

About Citadel

Citadel is a global investment firm built around world-class talent, sound risk management, and innovative leading-edge technology. For a quarter of a century, Citadel’s hedge funds have delivered meaningful and measurable results to top-tier investors around the world, including sovereign wealth funds, public institutions, corporate pensions, endowments and foundations.

With an unparalleled ability to identify and execute on great ideas, Citadel’s team of more than 675 investment professionals, operating from offices including Chicago, New York,  San Francisco, London, Hong Kong and Shanghai, deploy capital across all major asset classes, in all major financial markets.