Operations Associate - Currency Management

The Opportunity:

Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices across the country, Mesirow serves clients through capabilities spanning Private Capital & Currency, Capital Markets and Investment Banking, and Advisory Services. 

We are seeking an Operations Associate to support the execution and oversight of operational services across derivatives, OTC derivatives, FX and collateral management. In this role, you will work closely with internal stakeholders, including Trading, Portfolio Management, Onboarding, and Compliance as well as external partners such as bank counterparties, custodians, and clearing brokers.

As part of a dedicated operations team, you will manage all aspects of post-trade processing for derivatives and FX, You will play a critical role in ensuring accuracy, efficiency, risk mitigation, and regulatory compliance across the trade lifecycle.

This position is designed to support our expanding Australian client base and offers the opportunity to contribute to a growing and dynamic platform.

Locations: Seattle (approximate hours 1pm – 10pm)

Responsibilities:

Daily Operations:

• Oversee the entire trade lifecycle from confirmation to settlement, reconciliation, client reporting and multi-jurisdictional regulatory reporting for listed equities and all OTC products, including:
  • FX Spots and Forwards
  • OTC Options
  • Equity Swaps
  • Variance and Volatility Swaps
  • Interest Rate Swaps
  • Other Derivatives

Regulatory Compliance & Research:

• Conduct research on global regulatory compliance and industry best practices.
• Develop and maintain procedural documentation.
• Ensure adherence to regulatory requirements and manage regulatory filings.

Legal & Contract Management:

• Support the review and management of ISDA and CSA agreements, Investment Management Agreements, and other contractual obligations.

Operational & Risk Management:

• Ensure compliance with firm policies and procedures.
• Maintain high-quality written operational procedures.
• Assist in and work towards leading ad hoc operational projects related to client and risk operations.

Requirements:

• Bachelor’s degree required in relevant discipline
• Self-starter challenged by ability to take on new initiatives and work independently.
• Focused and organized with superior problem-solving skills, strong attention to detail is critical in this role
• Proactively seek out process improvement opportunities and efficiencies
• Advanced Excel skills. Ability to program in SQL and/or Python is desired.
• Proficiency with mathematics, and familiarity with financial calculations
• Must be able to handle multiple priorities effectively and with a high degree of accuracy and independence
• Strong organizational, verbal, and written communication skills, with a proactive approach to problem-solving and collaboration
• Experience working with global custodian banks
• 2-4 years of experience in derivatives operations and collateral management, with a solid understanding of trade processing, settlement, and regulatory requirements

To ensure compliance with the Washington Pay Transparency Law, anticipated hiring base salary for the role will be between $85,000 and $110,000 per year. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, also provides the opportunity for a discretionary bonus and the Mesirow benefit program.

EOE