Portfolio Finance Associate

The Role

We are seeking a highly qualified Portfolio Finance Associate to join the Global Treasury team. The role will be based in New York. The team is responsible for the funding, collateral management, securities lending, financing & clearing counterparty management, capital protection & preservation and other Treasury related aspects of the firm across all asset classes, strategies & regions. Schonfeld’s Treasury team puts a great emphasis on building highly efficient, automated & scalable processes utilizing technology to achieve these goals and works directly with the firm’s investment professionals in supporting their processes and investment decision making. The candidate will have a passion for automation and have the drive to enhance our current platform with a focus on equities securities lending, funding & delta one.

What you’ll do

• Responsible for all day-to-day equity financing processes including requesting locates, managing borrow rates, and PB allocations.
• Support the Americas Head of Portfolio Finance and Global Treasury team at Schonfeld
• Interact with investment teams, sell side partners, vendors and internal groups to perform daily treasury functions
• Optimize treasury activities and day-to-day workstreams across the equities platform
• Assist in the continued build out of systems & processes to support the Schonfeld treasury platform
• Work on new initiatives in a growth environment with a specific focus on delta one

What you’ll bring

What you need:

• Minimum 4 years of securities lending or delta one experience with buy side and/or sell side relationships
• Strong corporate actions knowledge
• Technical mindset with either a coding background or a strong desire and interest to learn coding
• Self-starter with the ability to work independently
• Desire to develop and own processes end to end
• Excellent communication skills with the ability to collaborate and build long-term partnerships
• A growth mindset
• Bachelor’s degree or equivalent

We’d love if you had

• Experience in KDB, R, GIT, Python or SQL

Who we are  
Schonfeld is a global multi-manager hedge fund that strives to deliver industry-leading risk-adjusted returns for our investors. We leverage both internal and external portfolio manager teams around the world, seeking to capitalize on inefficiencies and opportunities within the markets. We draw from decades of experience and a significant investment in proprietary technology, infrastructure and risk analytics to invest across four main strategies: Quant, Tactical, Fundamental Equity and Discretionary Macro & Fixed Income.

Our Culture
At Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls.

The base pay for this role is expected to be between $140,000 and $175,000. The expected base pay range is based on information at the time this post was generated. This role may also be eligible for other forms of compensation such as a performance bonus and a competitive benefits package. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications, and experience.

#LI-LC1

The Role

We are seeking a highly skilled Treasury analyst to drive margin efficiency, optimize collateral sourcing and pledging, manage FX financing, reinvest excess liquidity, and execute stock borrow/loan trades in Brazil. In this pivotal role, you will directly influence the growth and profitability of our Brazil equities and Macro businesses while partnering closely with local Portfolio Managers and collaborating with Global Treasury colleagues in New York and London.

The Global Treasury team is responsible for all aspects of financing functions across the firm’s investment activities including but not limited to collateral optimization and balance allocations, counterparty relationships, counterparty legal agreement negotiations, counterparty risk management, cash reinvestment strategies and FX exposure management for the firm. The team plays a very central role at the firm and works extremely closely with both the investment and infrastructure sides of the firm’s businesses.

What you’ll do 

• Obtain and pledge optimal collateral to B3, using a deep understanding of B3 haircut regime while being aligned with Schonfeld Brazil’s risk and return requirements
• Research, compare and execute optimal government bond, FX spot and NDF execution and carry strategies to support collateral sourcing, with detailed understanding of any associated rates hedging needs
• Research, source, roll, and refinance optimal stock borrow positions to support Brazil equity short positions held by Investment teams
• Understand, track and monitor carry upon stock borrow positions and the collateral thereof
• Analyze, explain, attribute and optimize B3 margin requirements
• Produce detailed explanatory metrics for PM-level carry (both margin, and financing where applicable) on equities, bonds, futures, options and interest rate swaps
  • Provide management-level summaries of same to the leaders of the Schonfeld Brazil business

What you’ll bring
What you need:

• Experience in buy-side or sell-side functions which required high levels of PnL and risk accountability
• Strong communication skills and a high level of EQ
• Strong understanding of equities trading and post-trading flows, especially on stock borrow
• Strong understanding of B3 margining, clearing and settlement processes
• Strong understanding of short-term FX, bond and interest rate products
• Excellent track record of delivery
• Experience working closely with Traders, PMs and non-investment teams
• A solutions orientated mindset

Who we are 

Schonfeld is a global multi-manager hedge fund that strives to deliver industry-leading risk-adjusted returns for our investors. We leverage both internal and external portfolio manager teams around the world, seeking to capitalize on inefficiencies and opportunities within the markets. We draw from decades of experience and a significant investment in proprietary technology, infrastructure and risk analytics to invest across four main strategies: Quant, Tactical, Fundamental Equity and Discretionary Macro & Fixed Income.

Our Culture

At Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls.

#LI-DK1