Oaktree Capital
Vice President, Trade Operations
Oaktree Capital, Los Angeles, California, United States, 90079
Our Company
Oaktree is a leader among global investment managers specializing in alternative investments, with $193 billion in assets under management as of June, 2024. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, private equity, real assets, and listed equities. The firm has over 1200 employees and offices in 22 cities worldwide.
We are committed to cultivating an environment that is collaborative, curious, inclusive and honors diversity of thought. Providing training and career development opportunities and emphasizing strong support for our local communities through philanthropic initiatives are essential to our culture.
For additional information please visit our website at www.oaktreecapital.com
The Vice President position in Trade Operations will play a key role in establishing best in class oversight of critical operations processes around Trade Processing, Collateral Management and Regulatory Reporting. The candidate will lead various initiatives to increase straight through processing capabilities, streamline and centralize workflow, and implement technology-based solutions. The candidate will be expected to play a hands-on role and be active in both macro and micro aspects of the role from strategic planning and project management to ensuring BAU activities are properly performed and controlled.
Scope and ResponsibilitiesTrade Processing• Allocating trades across multiple accounts, funds, and special purpose vehicles based on allocation guidelines and compliance limits• Driving initiatives to establish and continuously improve straight through processing rates• Facilitating collaborative discussions with Traders, Portfolio Managers, and other stakeholders to move trade processing related items forward• Aiding in private and complex deal settlement and maintenance including but not limited to working with transfer agents, validating lifecycle events, and instructing manual directives• Assisting in repo/reverse repo booking and settlement as well as with strategic initiatives (i.e. FICC clearing)• Leading cleared derivative account onboarding and establish ability to use multiple FCMs• Managing relationship with FCM providers• Standardizing derivative adherences process for new fund launches• Working with technology team to design, develop and test new functionality• Writing effective procedures and training others when necessary
Collateral• Driving initiatives to automate and centralize collateral management functions and establish key performance metrics and reporting• Managing OTC Bilateral, Cleared, Prime Brokerage, and Repo Margin movements across all Oaktree funds• Develop collateral monitoring process around complex bespoke deals• Establishing segregated Initial Margin Tri-party accounts• Responding to client inquiries and diligence questionnaires related to collateral and regulatory reporting requests
Regulatory Reporting• Ensuring Oaktree is monitoring and meeting existing regulatory requirements related to transaction reporting, counterparty exposure, and trade reconciliation• Establish capabilities to self-report transactions to the Global Trade Repository or evaluate industry vendors to fulfill reporting obligations• Partnering with Compliance and other stakeholders on regulatory initiatives and staying up-to-date on upcoming regulatory obligations and their expected impact
Experience Required
• 10+ years relevant operations experience, specific expertise and knowledge of all financial instruments with specific focus on all variations of Cleared and OTC derivatives (Credit/Rate/Equity), collateral management, and regulatory reporting• Firm understanding of the various drivers of margin• Experience with the following regulatory topics: Dodd-Frank, EMIR/ASIC/MAS reporting/Form PF/UMR• Experience working with industry utilities, agreements such as ISDAs, CSAs, GTR, S&P Global, TriOptima, Acadia, Prime Brokerage agreements, Tri-Party agreements, etc.• Experience working with industry utilities, vendors, and communication protocols such as CTM, CLS, OASYS, ALERT, SWIFT, FIX, VCON, Market Axess, Tradeweb, FXAll, etc.• Deep understanding of Databases and Data structure• Experience with programming languages and tools such as SQL, Python, VBA, Power BI a plus• Strong quantitative and analytical skills
Personal Attributes
• Excellent interpersonal, verbal and written communication skills• Strong initiative and a self-starter with a proven ability to work with minimal supervision• Ability to multi-task and work well under pressure• Proven record of leading strategic change and moving the business forward through operational initiatives• Flexible and team-oriented with strong integrity and professionalism.
Education
A Bachelor's degree is required.MBA or CFA is preferred.
Base Salary Range
$165,000 -$200,000
In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives, a comprehensive benefits package and a flexible work arrangement. The base salary offered will be commensurate with experience and/or qualifications, industry knowledge and expertise, as well as prior training and education.
Equal Opportunity Employment Policy
Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances. This policy applies to hiring, placement, internal promotions, training, opportunities for advancement, recruitment advertising, transfers, demotions, layoffs, terminations, recruitment advertising, rates of pay and other forms of compensation and all other terms, conditions and privileges of employment. This policy applies to all Oaktree applicants, employees, clients, and contractors. Staff members wishing to report violations or suspected violations of this policy should contact the head of their department or Human Resources.
Oaktree is a leader among global investment managers specializing in alternative investments, with $193 billion in assets under management as of June, 2024. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, private equity, real assets, and listed equities. The firm has over 1200 employees and offices in 22 cities worldwide.
We are committed to cultivating an environment that is collaborative, curious, inclusive and honors diversity of thought. Providing training and career development opportunities and emphasizing strong support for our local communities through philanthropic initiatives are essential to our culture.
For additional information please visit our website at www.oaktreecapital.com
The Vice President position in Trade Operations will play a key role in establishing best in class oversight of critical operations processes around Trade Processing, Collateral Management and Regulatory Reporting. The candidate will lead various initiatives to increase straight through processing capabilities, streamline and centralize workflow, and implement technology-based solutions. The candidate will be expected to play a hands-on role and be active in both macro and micro aspects of the role from strategic planning and project management to ensuring BAU activities are properly performed and controlled.
Scope and ResponsibilitiesTrade Processing• Allocating trades across multiple accounts, funds, and special purpose vehicles based on allocation guidelines and compliance limits• Driving initiatives to establish and continuously improve straight through processing rates• Facilitating collaborative discussions with Traders, Portfolio Managers, and other stakeholders to move trade processing related items forward• Aiding in private and complex deal settlement and maintenance including but not limited to working with transfer agents, validating lifecycle events, and instructing manual directives• Assisting in repo/reverse repo booking and settlement as well as with strategic initiatives (i.e. FICC clearing)• Leading cleared derivative account onboarding and establish ability to use multiple FCMs• Managing relationship with FCM providers• Standardizing derivative adherences process for new fund launches• Working with technology team to design, develop and test new functionality• Writing effective procedures and training others when necessary
Collateral• Driving initiatives to automate and centralize collateral management functions and establish key performance metrics and reporting• Managing OTC Bilateral, Cleared, Prime Brokerage, and Repo Margin movements across all Oaktree funds• Develop collateral monitoring process around complex bespoke deals• Establishing segregated Initial Margin Tri-party accounts• Responding to client inquiries and diligence questionnaires related to collateral and regulatory reporting requests
Regulatory Reporting• Ensuring Oaktree is monitoring and meeting existing regulatory requirements related to transaction reporting, counterparty exposure, and trade reconciliation• Establish capabilities to self-report transactions to the Global Trade Repository or evaluate industry vendors to fulfill reporting obligations• Partnering with Compliance and other stakeholders on regulatory initiatives and staying up-to-date on upcoming regulatory obligations and their expected impact
Experience Required
• 10+ years relevant operations experience, specific expertise and knowledge of all financial instruments with specific focus on all variations of Cleared and OTC derivatives (Credit/Rate/Equity), collateral management, and regulatory reporting• Firm understanding of the various drivers of margin• Experience with the following regulatory topics: Dodd-Frank, EMIR/ASIC/MAS reporting/Form PF/UMR• Experience working with industry utilities, agreements such as ISDAs, CSAs, GTR, S&P Global, TriOptima, Acadia, Prime Brokerage agreements, Tri-Party agreements, etc.• Experience working with industry utilities, vendors, and communication protocols such as CTM, CLS, OASYS, ALERT, SWIFT, FIX, VCON, Market Axess, Tradeweb, FXAll, etc.• Deep understanding of Databases and Data structure• Experience with programming languages and tools such as SQL, Python, VBA, Power BI a plus• Strong quantitative and analytical skills
Personal Attributes
• Excellent interpersonal, verbal and written communication skills• Strong initiative and a self-starter with a proven ability to work with minimal supervision• Ability to multi-task and work well under pressure• Proven record of leading strategic change and moving the business forward through operational initiatives• Flexible and team-oriented with strong integrity and professionalism.
Education
A Bachelor's degree is required.MBA or CFA is preferred.
Base Salary Range
$165,000 -$200,000
In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives, a comprehensive benefits package and a flexible work arrangement. The base salary offered will be commensurate with experience and/or qualifications, industry knowledge and expertise, as well as prior training and education.
Equal Opportunity Employment Policy
Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances. This policy applies to hiring, placement, internal promotions, training, opportunities for advancement, recruitment advertising, transfers, demotions, layoffs, terminations, recruitment advertising, rates of pay and other forms of compensation and all other terms, conditions and privileges of employment. This policy applies to all Oaktree applicants, employees, clients, and contractors. Staff members wishing to report violations or suspected violations of this policy should contact the head of their department or Human Resources.