Saw this today-- Established yet dynamic Hedge Fund seeks a talented and motivated staff member to join its operations team in Miami. This is an exciting opportunity for an individual interested in a challenging role in a fast-paced organization. HEDGE FUND OPERATIONS ANALYST REQUIREMENTS: - 2-3 years experience as an Operations Analyst - Have or pursuing CFA strongly preferred - Advanced statistics, linear algebra and computer literacy skills - Experience with Visual Basic for Applications and/or Access preferred - Good knowledge of financial instruments, particularly options - Strong analytical skills - Experience with Bloomberg and various valuation techniques - Exceptional organizational skills and the ability to multi-task - Good attention to detail and problem solver - Ability to work well in a team environment - Good communication (written and verbal) skills are essential - BS/BA Degree – Finance or Math related, MBA preferred RESPONSIBILITIES: - Accurate and timely review of investment portfolios to support the investment management process and exposure reporting - Multi-faceted role providing support to portfolio managers and analysts - Further enhancement of reporting systems and procedures - Identifying hedging opportunities - Analysis of hedging and correlations - VAR analysis and calculations - Calculating liquidity - Modeling expected performance of portfolios - Modeling option behavior and option screening for investment opportunities
Sounds like it’s more than a traditional ops role.
Salary, $45,000
Sounds like they are taking full advantage of the glut of talent on the market.
Agree, very stringent qualifications. I mean, what plausible candidate has the ability to work well in a team environment? WTF?
eureka Wrote: ------------------------------------------------------- > Agree, very stringent qualifications. I mean, > what plausible candidate has the ability to work > well in a team environment? WTF? “- Identifying hedging opportunities - Analysis of hedging and correlations - VAR analysis and calculations - Calculating liquidity - Modeling expected performance of portfolios - Modeling option behavior and option screening for investment opportunities” Doesn’t sound like ops to me.
To me, ops is reconciling accounts or brokerage or custodial statements. This is more of a middle office type role. You are interacting with the investment team. “- Identifying hedging opportunities - Analysis of hedging and correlations - VAR analysis and calculations” That is pretty good experience for someone a couple years out of school. I know young charterholders and recent ivy grads who would jump at this job.
^ Risk department is totally consider as a BO.
ASSet_MANagement Wrote: ------------------------------------------------------- > > “- Identifying hedging opportunities > - Analysis of hedging and correlations > - VAR analysis and calculations > - Calculating liquidity > - Modeling expected performance of portfolios > - Modeling option behavior and option screening > for investment opportunities” > > Doesn’t sound like ops to me. Dude, nowadays everyone knows how to calculate and analyse VaR, liquidity and how to construct local volatility, interest rate, B/S models etc. Now, show me somebody who can do that WHILE having a good attention to detail and being a team player and I think we have a new millionaire. {I’m kidding…sort of}
cfaboston28 Wrote: ------------------------------------------------------- > ^ Risk department is totally consider as a BO. That must be why so many hfs blow the fuck up. People on this forum need to tone down their expectations. You are not making investment decisions 16 months out of school. We are getting cold emails from former pms at legit shops basically begging for analyst jobs. I don’t know how kids with no skills and no experience can be so fucking snooty.
joemontana Wrote: ------------------------------------------------------- > I don’t knowhow kids with no skills and no experience can be > so fucking snooty. Because we are all unique snowflakes. They were told they would grow up to be rock stars, supermodels, movie gods or HF managers. Paraphrasing fight club a bit.
“-Modeling expected performance of portfolios” If forming expectations regarding the future performance of the portfolio isn’t the PM’s job I don’t know what is. Secondly, risk management is mid office and in my mind could easily bridge to front office depending on the organization. I think delineating some imaginary segregation between risk and return analysis is the height of stupidity. If you’re return analysis doesn’t extensively factor in risk and your risk analysis takes place in absolute vacuum with no return considerations then the fund is crap. It’s literally two sides of the same coin. Pricing is simply a reflection of uncertainty regarding outcomes. The return perspective tends to focus on the mean of those expectations whereas the risk perspective tends to focus on the array.
Sorry to go off course but: “Without American production the United Nations could never have won the war.” -Joseph Stalin, Tehran Conference: 1943 Why did he say that before the war was over? And before the United Nations was formed? 1945 in case you were wondering And no one ever referred to the allies as the United Nations either… Basically it’s mental. Back to the OP question - I think the job title has not been properly thought out, but agree it is much more than an ops role.
Muddahudda Wrote: ------------------------------------------------------- > Sorry to go off course but: > > “Without American production the United Nations > could never have won the war.” > -Joseph Stalin, Tehran Conference: 1943 > This quote was first recorded in a Time Magazine published on December 13, 1943 covering the conference. http://www.time.com/time/printout/0,8816,791211,00.html > Why did he say that before the war was over? As you’ll see, the article itself points out that most of America at the time already considered the war won and production had been visibly scaled back (although 6 months prior to D-Day). Discussions at the Tehran conference on Dec 1, 1943 focused primarily on separating conquered and liberated territories under Russian and Western rule and post war policies, so Churchill, Roosevelt and Stalin shared this view as well. As this point 13 year old SS soldiers were already in the trenches, Russia had scored several decisive victories that broke the back of the Eastern front (their war was basically won for them), we’d broken through Africa and most of Italy as well. > And before the United Nations was formed? 1945 in > case you were wondering > And no one ever referred to the allies as the > United Nations either… > Well, the quote comes directly from the a Times article published December 13, 1943, so unless Time Magazine had a time machine, I believe you are again sorely mistaken. > Basically it’s mental. Next time check your facts before opening your mouth to criticize. > Back to the OP question - I think the job title > has not been properly thought out, but agree it is > much more than an ops role.
If anyone is wondering this position is available in Miami, FL.
Black Swan Wrote: ------------------------------------------------------- > Muddahudda Wrote: > -------------------------------------------------- > ----- > > Basically it’s mental. > > Next time check your facts before opening your > mouth to criticize. > > There is the old swanny.
‘Next time check your facts before opening your mouth to criticize.’ Ok, so my UN comment was facetious, but my facts are absolutely straight - google it yourself. 1945. I know he isnt referring to what we know call the UN. More to the point is the end of the war comment. It’s meaningless (and so is the quote). The war lasted a full 17 months after that point. Utter tripe. D Day hadnt even happened and nothing was guaranteed. You know about D Day right? Lets not even forget the atom bombs were needed to end it all will we. It’s a bit like me saying i’m glad the Afghanistan & Iraq war is over today. Meaningless waffle. Let me know which facts you are talking about.
“Without American production the United Nations could never have won the war.” -Joseph Stalin, Tehran Conference: 1943 What is the meaning and purpose of this quote in your signature?
Muddahudda Wrote: ------------------------------------------------------- > Ok, so my UN comment was facetious, but my facts > are absolutely straight - google it yourself. > 1945. I know he isnt referring to what we know > call the UN. Do you mean facetious or fallacious? Of course he didn’t mean the UN organization, the UN, but the “Allies” were already referring to themselves as the UN at that point in history. Whether or not that fits your definition is irrelevant, I’m going to take perspective of Time editors in 1943 and the leadership of Russia and the US over the opinions of Muddahudda, any day. Again, what qualifies you as more of an expert now than Stalin was in '43? > More to the point is the end of the war comment. > It’s meaningless (and so is the quote). The war > lasted a full 17 months after that point. Utter > tripe. D Day hadnt even happened and nothing was > guaranteed. The point I find interesting in using that quote is that in modern history, much of the west loves to tout D-Day as some grand turning point in the war. But the simple fact of the matter is that militarily the war had already been won when Russia conquered the Eastern front. The rest was just the inevitable grind of the Allied war machine until we had forced unconditional terms of surrender on our enemies. The political opinion of the Allied heads of state reinforces this as they were already making post war plans. Their eventual and decisive victory demonstrates this. We busted through the Normandy line in less than a Day, I’d say that battle was over before it began. Costly, but essentially won. Had we failed, it would have simply altered the time line as Russia had encouraged the North Western front solely to speed their approach on Berlin. But again, maybe some jackass Mudduhha is more prescient regarding the situation than the people of America that lived through it (read the Times article) the scaled back production levels and the Allied military heads of state. > You know about D Day right? It was referenced in my original post, so yeah. > Lets not > even forget the atom bombs were needed to end it > all will we. If you read any historical account of the Japanese war, they were toast. The bombs were not “needed” to end it all but simply used to save American lives as home island victory would have been costly both to us and the overall civilian populace. The Japanese had already formally made offers of surrender to the US, but would not concede to unconditional terms (from the book: The Fall of Japan). As a result, we nuked 'em to expedite the process. Russian troops were already advancing on Japan through China at a racing pace and many historians agree part of the reason we bombed Japan was to halt Russia’s progress so they could not lay claim to more territory. > > It’s a bit like me saying i’m glad the Afghanistan > & Iraq war is over today. Meaningless waffle. The two are nothing alike. But go ahead, everything else you’ve said has been blather, so believe what you’d like. > Let me know which facts you are talking about. No you’re right, Stalin conducted one of the greatest military campaigns in history, but obviously you’re the expert.
ops > HEDGE FUND OPERATIONS ANALYST > REQUIREMENTS: > - 2-3 years experience as an Operations Analyst > - Have or pursuing CFA strongly preferred > - Advanced statistics, linear algebra and computer literacy skills > - Experience with Visual Basic for Applications and/or Access preferred > - Good knowledge of financial instruments, particularly options > - Strong analytical skills > - Experience with Bloomberg and various valuation techniques > - Exceptional organizational skills and the ability to multi-task > - Good attention to detail and problem solver > - Ability to work well in a team environment > - Good communication (written and verbal) skills are essential > - BS/BA Degree – Finance or Math related, MBA preferred > > RESPONSIBILITIES: > - Accurate and timely review of investment portfolios to support the investment management process and exposure reporting > - Multi-faceted role providing support to portfolio managers and analysts > - Further enhancement of reporting systems and procedures > - Identifying hedging opportunities > - Analysis of hedging and correlations > - VAR analysis and calculations > - Calculating liquidity not ops > - Modeling expected performance of portfolios > - Modeling option behavior and option screening for investment opportunities sounds like a good spot for someone who likes warm weather and is multi-lingual (or looking to be)