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Credit Operations Analyst

New York

Credit Funds

Ref#: 2794

Date published: 15-Oct-2021

Operations Analyst with Private Loan and FX/OTC Derivative Product Knowledge
New York, NY

About Fortress:
Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $53.9 billion of assets under management as of June 30, 2021. Founded in 1998, Fortress manages assets on behalf of approximately 1,800 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. Investment performance is our cornerstone - we strive to generate strong risk adjusted returns for our investors over the long term. For additional information on Fortress, please visit www.fortress.com.

About the Position:
The candidate will be responsible for a wide variety of operational tasks including but not limited to:

FX/OTC:
Handling daily settlements of FX, OTC, and listed transactions, and booking related transactions in Wall Street Office
Ensure timely settlements, with a proactive approach to identification of settlement breaks, escalation and remediation of issues
Researching daily FX/OTC and collateral related cash and position reconciliation exceptions 
Resolving daily cash and position exceptions between fund administrator, counterparty and internal books and records
Wire processing related to daily FX and OTC settlements and collateral movements
Daily interaction with trading desk and fund administrator
Interacting with various internal departments such as Fund Accounting, Treasury and IT 
Participate in a broad range of operational projects, and assist with ad hoc requests for management and front office personnel
Familiar with ISDAs and CSAs to research any discrepancies arising on collateral margin calls.

Covering these products:
FX Cash including Spot, Forwards, Non-Deliverable Forwards (NDF)
FX Derivatives including Options, Non-Deliverable Forwards (NDF), Non-Deliverable Options (NDO)
Credit Default Swaps – both listed and OTC
Interest Rate Swaps, Rate Caps and Floors
Private Loan Originations – Term Loans, Delayed Draw Term loans, and Revolvers

Qualifications:
Outstanding attention to detail with the ability to identify errors and recommend process enhancements
Strong Excel skills
A willingness to learn and work independently as well as within a group
Thrives in a fast paced dynamic environment with the ability to multi-task and manage time effectively while meeting deadlines
Proven at managing processes with various levels of automation, and ability to re-engineer manual processes with a focus on automation
Proven communicator – written, verbal, presentation
Assertive personality that is able to grasp detailed concepts quickly and operate consensually / within a collaborative and time sensitive environment
Problem solving and analytical skills
Proactive and highly motivated
High level of accuracy and attention to detail
Work efficiently and effectively in a team setting
Possess organizational skills with the ability to prioritize while working under pressure
Ability to multi-task, accommodating varying levels of volume without deterioration in quality

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Fortress Investment Group LLC collectively with its subsidiaries and operating affiliates is an equal opportunity employer and considers all applicants for employment without regard to race, religion, creed, color, sex, age, national origin, citizenship status, disability, genetic information, protected veteran status, marital status, sexual orientation, gender identity, or any other status protected by federal, state or local law.