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Hedge Fund It Jobs (NOW HIRING)

WI · On-site

$120 - $180/hr

Alternative Hedge Fund experience may be considered. * Accounting, Finance, Legal or Business ... IT literate. * Strong verbal and written communication skills. * Strong analytical and ...

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What You'll Bring Expert knowledge of hedge fund investment concepts, strategies, and risks. Expert ... Built on a simple premise of safeguarding our clients' money as if it were our own, coined by our ...

New

$120 - $180/hr

It includes Equity Derivatives (EQD), Fixed Income and Currencies (FIC) andDistribution and Credit ... hedge fund risk.Must be a self-starter and be able to operate independently in a fast-paced ...

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Hedge Fund It information

What is a hedge fund IT professional?

Hedge Fund IT professionals are technology specialists who design, implement, and manage the information technology systems that support hedge funds' trading, risk management, and operations. Their responsibilities include maintaining secure networks, developing trading platforms, ensuring data integrity, and supporting both front and back-office functions. They play a critical role in enabling rapid, reliable, and secure trading, which is essential for hedge funds to operate competitively in the financial markets.

How do hedge fund IT professionals collaborate with portfolio managers and traders to support trading strategies?

Hedge Fund IT professionals work closely with portfolio managers and traders by developing and maintaining trading platforms, ensuring low-latency data feeds, and implementing tools for risk management and analytics. Regular communication is key, as IT teams often gather requirements directly from front-office staff to quickly adapt to new strategies or market conditions. This collaborative approach helps ensure technology solutions are aligned with trading objectives and can provide a competitive edge. Hedge Fund IT roles often require strong problem-solving skills and the ability to respond rapidly to evolving technical and business needs.

What are the key skills and qualifications needed to thrive as a hedge fund IT professional?

To thrive as a Hedge Fund IT professional, you need a strong background in computer science, financial systems, and quantitative analysis, often supported by relevant degrees or certifications. Familiarity with programming languages (such as Python, Java, or C++), database management, and trading platforms like Bloomberg or FIX protocol is typically required. Problem-solving, adaptability, and effective communication are essential soft skills for collaborating with traders and quickly addressing technical issues. These skills ensure the reliability, efficiency, and innovation necessary to support dynamic trading environments and maintain a competitive edge.

What is the difference between Hedge Fund IT vs Hedge Fund Operations?

AspectHedge Fund ITHedge Fund Operations
Required CredentialsIT certifications, finance knowledgeFinance certifications, operational experience
Work EnvironmentTechnical teams, IT departmentsOperational teams, back-office
Employer & Industry UsageFinancial firms, hedge fundsFinancial firms, hedge funds
Common Search & ComparisonYesYes

Hedge Fund IT focuses on managing the technology infrastructure, software, and cybersecurity within hedge funds, ensuring systems run efficiently. Hedge Fund Operations handles the back-office functions like trade settlement, compliance, and client reporting. While both roles are essential in hedge funds, Hedge Fund IT is more technical, whereas Hedge Fund Operations emphasizes process management and finance expertise.

Does a hedge fund IT pay well?

Hedge fund IT professionals typically earn high salaries due to the specialized skills required, such as expertise in trading systems, cybersecurity, and data management. Compensation often includes base salary, bonuses, and performance incentives, reflecting the competitive nature of the finance industry.

How hard is it to get a hedge fund IT job?

Getting a hedge fund IT job typically requires strong technical skills in areas such as networking, programming, and systems administration, along with experience in financial environments. Candidates often need a relevant degree, certifications like CISSP or CISA, and familiarity with trading systems and security protocols. Competition can be high due to the specialized nature of the industry and the demand for expertise in high-frequency trading and data management.
More about Hedge Fund It jobs

What cities are hiring for Hedge Fund It jobs?

Cities with the most Hedge Fund It job openings:

What states have the most Hedge Fund It jobs?

States with the most job openings for Hedge Fund It jobs include:

Infographic showing various Hedge Fund It job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 24% Part Time, and 2% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution.

Institutional Equity Division - Director, Fund Services - Hedge Fund Accounting Manager (New York/Pu

Morgan Stanley

New York, NY • On-site

$95K - $190K/yr

Full-time

Posted 14 days ago


Morgan Stanley rating

8.3

Company rating: 8.3 out of 10

Based on 157 frontline employees who took The Breakroom Quiz

36th of 154 rated financial services


Job description

Morgan Stanley Fund Services
Established in 2004, Morgan Stanley Fund Services (MSFS) is a global business within the Institutional Equities Division (IED) that provides fund administration services for over $700billion in assets across 350+ hedge funds, private equity and large family offices clients. Our best-in-class offering includes accounting and investors services, portfolio analytics, middle-office functions, regulatory and financial reporting, and tax services. Delivering these services to our clients and their investors is a diverse team of 1,400 highly skilled employees across the globe based in New York, London, Glasgow, Dublin, Mumbai, Bengaluru, and Hong Kong. Joining MSFS, you will discover a dynamic environment where every day offers new opportunities for personal growth and innovation. Here at MSFS your career isn't just a job, it's an incredible journey fueled by collaboration, challenge, and the chance to make a meaningful impact to our business, our clients, their investors and the wider Morgan Stanley franchise.
We are seeking a client facing Account Manager for our NYC and Purchase, NY offices.
Responsibilities
  • Managing approximately 1-5 client relationships
  • Cooperating with the Firm's offshore operations and clients to resolve daily trade and accounting breaks
  • Preparing/reviewing monthly account closing procedures and ensuring compliance with established accounting procedures and controls
  • Ensuring all fund expenses are accrued timely and in accordance with GAAP
  • Performing monthly master-feeder accounting allocations
  • Preparing/reviewing investor allocations
  • Preparing/reviewing accounting journal entries related to standard accruals, management and incentive fees (calculated in accordance with fund documents), deferred compensation payables, derivative contract financing and broker financing
  • Ensuring monthly valuations are reviewed and approved prior to distribution to clients and reviewed and approved by clients prior to distribution to investors
  • Reviewing key legal fund offering documents and identifying possible accounting or administrative implementation issues
  • Assisting client conversion teams with new client set up and accounting conversion implementation
  • Identifying and implementing solutions to problems (accounting, operations, investor service)
  • Leveraging firm resources as appropriate to strengthen control environment:
    • Prepare/review position and cash reconciliations between clients and their custodians
    • Coordinating year-end audit with client and independent auditors
    • Preparing/reviewing draft annual financial statements

Requirements
  • Bachelor's degree
  • Minimum 7 years prior experience in a client-facing and/or accounting related role
  • Extensive knowledge of hedge fund investor, accounting concepts including:
    • Offshore class/series accounting
    • Partnership accounting
    • Allocation of new issues
    • Accounting for complex management and incentive fee terms (hurdle rates)
    • Offshore fee deferrals
    • Side-pocket accounting
  • Strong knowledge of US generally accepted accounting principles (GAAP)
  • Experience in GAAP financial statement preparation, including strong understanding of hedge fund structures (master-feeder, mini-master, fund-of-funds)
  • Strong team and interpersonal skills
  • Strong communication, accounting, industry and relationship management skills

Skills Desired
  • CPA a plus but not required
  • Prior experience with a Hedge Fund preferred
  • Sarbanes-Oxley 404 related experience or experience in SSAE 16 preparation a plus
  • Tax knowledge and experience in tax return preparation a plus
  • Knowledge of IFRS a plus

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $95,000 and $190,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

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About Morgan Stanley

Sourced by ZipRecruiter

Since our founding in 1935, Morgan Stanley has been committed to serving local and global communities by being a market leader in Investment Banking, Securities, Investment Management and Wealth Management services. Our belief that capital can work to benefit all of society inspires us to put our clients first, lead with exceptional ideas, hold our business to high ethical standards, and give back to communities around the world through philanthropy and public works. We have a smart casual dress code and operate under a philosophy that balances work with your personal life. Our people's talent, passion, and expertise is the fuel on which our organization runs, therefore, our people are our greatest asset. Diversity and inclusiveness is a critical component for our success and it is our priority to continue building a firm that values the unique background and identity of every one of our employees, thus enabling our people to bring their full, and best selves to work each day. Teamwork is the essence of our approach, and so are the values of integrity, excellence, and enabling our people to achieve at the highest levels. We invite you to learn more about our commitment to diversity and serving our community.

Industry

Finance and insurance and software development

Company size

10,000+ Employees

Headquarters location

New York, NY, US