5 days old

Financial Analyst

Kelly Services
New York, NY 10176
  • Jobs Rated
Our client, Canada's largest bank as measured by assets and market capitalization and one of North America's leading diversified financial services companies, is currently seeking?a Financial Analyst (Hedge Fund Operations Analyst) for a?6 month contract position located in New York, NY.

In addition to working with the worlds most recognized and trusted name in staffing, Kelly employees can expect:

Competitive pay

Paid holidays

Year-end bonus program

Recognition and incentive programs

Access to continuing education via the Kelly Learning Center

Hours: Monday-Friday 8am-5pm

Pay Rate: $23.50 -$27.50/Hour


Primary focus is on execution within defined parameters, with some expansion based on developing capabilities and/or experiences, in partnership with more experienced staff.

The analyst will play a key role in i) obtaining independent valuations and returns associated with hedge fund positions in the trading portfolio; ii) perform all aspects of alternative asset operations including subscriptions, redemptions and fee calculations related to hedge fund transactions; iii) perform daily reconciliation of the banks cash accounts; iv) support security settlement for AAG and Muni GIC desks. All responsibilities carried out in accordance with Code of Conduct, RBC Values and Guiding Principles ensuring adherence to Privacy principles.


Responsible for following established guidelines and identifying and resolving problems. Individuals at this level are expected to use some independence of thought but to refer more complex problems to supervisors or other experts. Individuals would be expected to contribute to work flow or process change and redesign, and to form a strong basic understanding of the specific function. May also be accountable for regular reporting or process administration as "owner".

Communicating with hedge fund managers and administrators in order to independently value hedge fund returns and valuations;

Verify and obtain sign-off on product related transactions;

Prepare and confirm fee calculations due to hedge funds and counterparties;

Maintain statements received from hedge funds;

Support various front office teams with respect to hedge fund prices and valuations;

Maintain information related to hedge funds and ensure that the proper parties receive the relevant information;

Review and prepare daily reconciliation across multiple accounts and follow through on breaks to resolve

Coordinate and process transactions across multiple systems;

Review and update wire instructions;

Coordinate outgoing wire payments;

Identify and advise on incoming cash transactions;

Coordinate daily funding needs for desk;

Pledge loans, CDs and securities to the Federal Reserve Bank in accordance with the banks liquidity requirements;

Monitor the loan portfolio lodged at the Federal Reserve Bank in accordance with BorrowerIn-Custody (BIC) requirements;

Process deposit and withdrawal of physical securities held in a correspondent account with RBC Capital Markets LLC and maintain proper recordkeeping;

Ensure the daily settlements of all Muni GIC securities;

Ensure amortization schedules of GICs and Assets based on prepayment speeds and assumptions;

Maintain daily and forecasted cash flows for accuracy;

Ensure daily Accounting is properly stated and classified based on daily trading and customer transactions;


Basic Qualifications

Typically includes Rotational Analysts, Recent college graduates, and lateral employees with little or no relevant Operations experience.

A bachelors degree with emphasis in Finance, Accounting, Mathematics or Economics;

1-3 years of work experience preferable

Reasonable understanding of financial markets and products;

Strong written and oral communication skills;

Experience with Microsoft Office products including Word, Excel and Access;

Excel/VBA Programming preferable

Keen attention to detail


The position is part of a team that supports the Alternative Assets Group (AAG). AAG is a trading business that provides clients access to the hedge fund asset class through derivative product.

The position is located in New York;

The position plays a key roles in obtaining hedge fund and portfolio valuations and funding of transactions related to the AAG business

Maintenance of collateral at the Federal Reserve Discount Window. Errors or inadequate oversight can lead to monetary losses and/or penalties as well as negatively impact NY Branchs books and records. Nostro and other accounts must be reconciled on a timely basis in order to ensure control of cash positions and resolution of outstanding items.

Support the Muni GIC portfolio, ensuring the portfolio is monitored for out of balance situations and other reconciliation issues; ensure controls are established, adequately monitored and maintained.

Liaise with Accounting and Traders to ensure transactions are properly accounted and reported. Failure to maintain appropriate controls and oversight could subject the Bank to increased Financial, Reputational and Regulatory risks. Processing errors may result in significant operating loss to the Bank.


Various front office teams (including but not limited to Bookrunners and Client Service) of AAG;

Peers within the Operations Group

Funding Team

Credit Administration

Global Loan Administration

Municipal Structured Products

Federal Reserve Bank Discount Window

Muni GIC Trading Desks


The candidate would be located on a trading floor

The trading environment is a demanding, time-sensitive environment that requires quick turnaround and decision making

Additional long hours are often required

**Important information:? This position is recruited for by a remote Kelly office, not your local Kelly branch.? If you have questions about the position, you may contact the recruiter recruiting for this position

**Why Kelly** **** **?**

As a worker today, its up to you to take charge of your career and look for opportunities to learn, grow, and achieve your potential. Helping you find whats next is what were all about. We know whats going on in the evolving world of workjust ask the nearly 500,000 people we employ each year. Connecting with us means getting the support, guidance, and opportunities needed to take your career where you may have never imagined.

**About Kelly** ****

At **Kelly** , were always thinking about whats next and advising job seekers on new ways of working to reach their full potential. In fact, were a leading advocate for temporary/nontraditional workstyles, because we believe they allow flexibility and tremendous growth opportunities that enable a better way to work and live. Connecting great people with great companies is what we do best, and our employment opportunities span a wide variety of workstyles, skill levels, and industries around the world.

Kelly is an equal opportunity employer committed to employing a diverse workforce, including, but not limited to, minorities, females, individuals with disabilities, protected veterans, sexual orientation, gender identity. Equal Employment Opportunity is The Law.


Jobs Rated Reports for Financial Analyst

Posted: 2020-10-16 Expires: 2020-11-16

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Financial Analyst

Kelly Services
New York, NY 10176

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