Junior Operations Analyst (Hedge Fund) - #1172783

Primas is a fixed income hedge fund based in Hong Kong and Singapore. The firm was founded in 2018 and utilizes a long/short credit strategy, which primarily focuses on Pan-Asia liquid credit and Pan-Asia convertible bonds. The firm aims to generate consistent returns, while maintaining low volatility and correlation.

We are hiring a Junior Operations Analyst to support the middle and back office across our fixed income portfolio. This role suits a fresh graduate or someone with up to 2 years of experience who wants a hands-on start in buy-side operations.

You will own the daily trade life cycle, from booking to settlement, and help keep positions, cash and corporate actions accurate. You will also prepare risk reports, giving you early exposure to how the fund measures and manages credit, rate and liquidity risk.

Key Responsibilities

Trade Processing and Booking

• Book and validate daily trades in cash bonds, CDS, interest rate swaps, FX, and repo in the order management and portfolio systems
• Confirm and affirm trades with brokers and counterparties; investigate and resolve trade breaks

Settlement

• Monitor settlements through Euroclear, Clearstream, and local custodians; chase and resolve fails
• Liaise with prime brokers, custodians, and executing brokers on settlement instructions (SSIs) and margin
• Process repo and securities lending activity, including recalls and rolls

Corporate Actions and Income

• Track and process coupons, redemptions, calls, puts, tenders, exchange offers and consent solicitations
• Communicate elections to the portfolio managers and submit instructions to custodians before deadlines
• Reconcile income and manufactured payments against expected amounts

Cash Management and Reconciliation

• Produce the daily cash and margin projection across prime brokers and custodians
• Reconcile positions, cash and P&L daily against prime broker, custodian and fund administrator records
• Support the monthly NAV process with the fund administrator and process fee and expense payments

Risk Reporting

• Prepare daily and weekly risk reports covering exposures, DV01 and CS01, issuer and country concentration, and liquidity
• Monitor positions against investment guidelines and risk limits; flag breaches to the portfolio managers and risk
• Help prepare investor and regulatory reporting

Process Improvement

• Document procedures and help automate manual tasks using Excel, VBA or Python
• Support onboarding of new brokers, counterparties and products

Requirements

• Bachelor's degree in finance, economics, accounting, mathematics or a related field
• 0 to 2 years of experience; internships in fund operations, banking operations, fund administration or audit are a plus
• Solid grasp of bond basics: price, yield, accrued interest, coupon schedules and day counts
• Strong Excel skills (lookups, pivot tables, basic macros)
• Careful and accurate, with the discipline to work to daily cut-offs
• Clear written and spoken English; able to follow up firmly but politely with external counterparties
• Comfortable owning tasks end to end and raising issues early

Nice To Have:

• Python, SQL or VBA for automating reconciliations and reports
• Familiarity with Bloomberg (AIM, TOMS or terminal functions such as DES and CACS)
• Exposure to credit derivatives (CDS) or repo
• Progress towards CFA Level I or similar
• Mandarin or another Asian language, for working with regional brokers and custodians

What We Offer

• Broad exposure from day one: trade operations, treasury, corporate actions and risk in one role
• Direct contact with portfolio managers and a clear view of how a credit fund runs
• Mentoring from experienced operations and risk professionals
• A path towards senior operations, treasury or risk roles as you grow