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Hedge Fund Operations Associate Jobs (NOW HIRING)

Northbound Search

Bank Debt Operations

New York, NY

$75K - $95K/yr

... Associate (bank debt). This position's primary responsibilities relate to monitoring and ... includes CLOs, long only, hedge fund type accts and separately managed accounts. Job ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL

$80K - $133K/yr

... in continuous operation since 1889. Northern Trust is proud to provide innovative financial ... Conduct risk-focused due diligence on hedge fund managers * Evaluate strategy risk, leverage ...

FTS US Inc.

TAX SENIOR - HEDGE FUND PRACTICE

New York, NY · On-site

$89K - $110K/yr

Tax Seniors focus on tax compliance and some compliance review of hedge fund, private equity ... associates. Required Qualifications: * 3-5 years of fund accounting or partnership taxation ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

... in continuous operation since 1889. Northern Trust is proud to provide innovative financial ... Conduct risk-focused due diligence on hedge fund managers * Evaluate strategy risk, leverage ...

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Hedge Fund Operations Associate information

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How much do hedge fund operations associate jobs pay per hour?

As of Jul 23, 2026, the average hourly pay for hedge fund operations associate in the United States is $26.24, according to ZipRecruiter salary data. Most workers in this role earn between $17.79 and $30.29 per hour, depending on experience, location, and employer.

What does a Hedge Fund Operations Associate do?

A Hedge Fund Operations Associate is responsible for supporting the daily operational activities of a hedge fund. This includes trade settlement, reconciliation of accounts, managing fund cash flows, and ensuring accurate record-keeping of portfolio transactions. They also work closely with portfolio managers, traders, and external service providers to resolve discrepancies and facilitate smooth fund operations. Their role is crucial to maintaining compliance, minimizing risk, and ensuring the fund's financial accuracy.

What is the difference between Hedge Fund Operations Associate vs Hedge Fund Analyst?

AspectHedge Fund Operations AssociateHedge Fund Analyst
Primary FocusOperational tasks, trade processing, compliance, and fund administrationInvestment research, portfolio analysis, and strategy development
Required SkillsAttention to detail, operational knowledge, familiarity with trading systemsFinancial modeling, market analysis, strong analytical skills
CredentialsBachelor's degree, often certifications like CFA or CAIABachelor's or master's degree, CFA often preferred
Work EnvironmentSupportive, process-oriented, collaborativeResearch-driven, analytical, strategic

While both roles are integral to hedge fund operations, the Hedge Fund Operations Associate primarily handles operational and administrative tasks, ensuring smooth fund functioning. In contrast, the Hedge Fund Analyst focuses on investment analysis and strategy development. Understanding these differences helps candidates align their skills and career goals with the right role.

What are some common challenges faced by Hedge Fund Operations Associates, and how can they be managed effectively?

Hedge Fund Operations Associates often navigate highly detailed, fast-paced environments where accuracy and timeliness are crucial. Common challenges include reconciling complex trades across multiple systems, managing tight deadlines for reporting and settlements, and coordinating with both internal teams and external service providers. To manage these effectively, strong organizational skills, attention to detail, and proactive communication are essential. Many firms provide ongoing training and support, and collaboration with experienced colleagues can help new associates adapt and excel in the role.

What are the key skills and qualifications needed to thrive as a Hedge Fund Operations Associate, and why are they important?

To thrive as a Hedge Fund Operations Associate, you need strong analytical abilities, attention to detail, and a background in finance or accounting, often supported by a relevant bachelor's degree. Familiarity with portfolio management systems, trade reconciliation software, and platforms like Bloomberg or Excel is typically required, with some roles valuing certifications such as the CFA. Strong organizational skills, problem-solving, and effective communication are key soft skills for managing complex transactions and collaborating with internal and external stakeholders. These skills and qualities are vital for ensuring accurate trade processing, risk mitigation, and smooth fund operations in a high-stakes financial environment.
What cities are hiring for Hedge Fund Operations Associate jobs? Cities with the most Hedge Fund Operations Associate job openings:
What are the most commonly searched types of Hedge Fund Operations jobs? The most popular types of Hedge Fund Operations jobs are:
What states have the most Hedge Fund Operations Associate jobs? States with the most job openings for Hedge Fund Operations Associate jobs include:
Hedge Fund Operations Associate jobs near you
Infographic showing various Hedge Fund Operations Associate job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 69% Full Time, 28% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $54,588 per year, or $26.2 per hour.
Bank Debt Operations

Bank Debt Operations

Northbound Search

Manhattan, NY

$75K - $95K/yr

Other

Posted 12 days ago

Job description

Job Description:

A top 5 asset management company in Midtown, specializing in corporate and structured credit markets, is looking for an Operations Associate (bank debt). This position’s primary responsibilities relate to monitoring and maintaining in team environment $10Bn Bank Debt portfolio which includes CLOs, long only, hedge fund type accts and separately managed accounts.
Job Responsibilities:

  • Process and maintain system accuracy in relation to interest payments, contract rollovers, paydowns, PIK's, drawdowns and restructures
  • Resolve discrepancies as arise with Administrative Agent Bank
  • Prepare and reconcile quarterly CLO P&I reconciliations
  • Interact with Trustees as necessary to resolve discrepancies
  • Establish and maintain professional relationship with Agent Banks, Trustees and Administrators
  • Monitor daily cash reconciliations for 50 + accounts in both US and FX
  • Monitoring monthly positions w/Trustees and Administrators to insure activity recorded accurately
  • Monitor participations/collateral payments

Job Requirements:·

  • Minimum 2 years of applicable experience required, at a financial institution (hedge fund or investment bank)
  • Bachelor’s degree
  • Proficiency with MS Office applications – Word, Excel, and Outlook· WSO, VPM, STaARS experience a plus
  • Self-motivated, proactive, and works well under pressure
  • Highly organized and detail oriented

Compensation:

  • $75,000 - $95,000

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