Credit Operations Associate

Credit Operations Associate

Brigade Capital Management, LP is seeking a motivated, ambitious, and proactive individual to join our team as an Operations Associate. This unique role offers the opportunity to work on a lean team and contribute to corporate actions and cash and derivative operations. The successful candidate will handle corporate actions' lifecycle, proxy events, and cash and credit derivative trades across equity, fixed income, and derivative markets.

Job Responsibilities:

• Handle the lifecycle of corporate actions and proxy events across equity and fixed-income markets.
• Ensure all aspects of mandatory/voluntary, proxy, and class action events are thoroughly and accurately completed prior to deadlines.
• Process credit derivatives trades, including single name, index, index options, and index tranches of credit default swaps.
• Calculate, post, and reconcile initial/variation margin.
• Research and action cash/position breaks, ensuring internal reconciliation of proprietary systems, depositories/custodian balance.
• Communicate relevant details of events and associated elections to mitigate all potential risks and exposure inherent with the processing of corporate events.
• Contribute to initiatives focused on creating more efficient processes while reducing risk.
• Engage in the implementation of regulatory reform and clearing requirements across the over-the-counter derivative market.
• Liaise with the trading desk to effectively book and settle all security lending/financing (repo) transactions. 
• Conduct T+0 trade confirmations, manage trade break resolutions with custodians/trading counterparties, and effectively handle trade fail remediations in a dynamic credit trading environment.

Basic Qualifications:

• Proactive, enthusiastic, and team-oriented.
• Ability to prioritize and make decisions in a fast-paced environment.
• Accuracy and attention to detail.
• Strong written and verbal communication skills.
• Strong analytical skills.
• Adapt to new changes and new challenges.
• Proficiency in using Microsoft Office Suite, particularly Excel, PowerPoint, and Microsoft Word.

Preferred Qualifications:

• Familiarity with settlement and operational procedures surrounding derivatives.
• Experience with processing of credit derivatives trades.
• Familiarity with derivative-related regulatory matters (Dodd-Frank, Uncleared Margin Rules, EMIR Repository reporting, etc.).

General

This is a fantastic opportunity for someone motivated, ambitious, and excited about contributing to the business and being part of a team responsible for driving change within a demanding and complex environment.  This is an excellent opportunity to gain exposure to senior managers in all areas of the firm, including Trading, Technology, Legal, and Finance.  The Operations team is heavily involved in new product initiatives and process improvement to streamline our support model. 

This position offers a competitive base salary, eligibility for a discretionary bonus, a top-notch benefits package (medical, dental, vision, and life insurance are all 100% employer-paid; daily seamless web lunch allowance), an employer-contributed 401k plan, and a collegial working environment. Brigade provides a flexible working environment for all employees, with several weeks each year allotted for remote work. Employees also benefit from the dynamic energy and face-to-face interactions of our office environment for four days a week. This balanced approach fosters both productivity and well-being.  Qualified candidates may apply by sending their resumes to jf@brigadecapital.com and careers@brigadecapital.com.

About the Firm

Brigade Capital Management, LP is a 100+ person SEC-registered investment advisor with over $27 billion in assets under management and offices in New York and London focusing on investing in the global high-yield market. The firm employs a multi-strategy, multi-asset class investment approach focused on leveraged balance sheets. The core strategies include long/short credit, distressed debt, structured credit, capital structure arbitrage, and leveraged equities. Brigade’s investment process is fundamentally driven, focusing on asset coverage and free cash flow, with an emphasis on capital preservation.