Offer summary

Qualifications:

Bachelor’s Degree in related field, 10+ years experience in Hedge Funds.

Key responsabilities:

Lead day-to-day management and oversight

Hire, mentor and develop staff

Improve operational processes

Ensure compliance with regulations

Manage fund accounting and performance

Job description

Join our experienced roster of consultants that support Hedge Funds and Family Offices. Arootah is a personal and professional development leader in the Investment and Financial Services industry. Our mission is to provide top business advisory services to our hedge fund client base. We focus our Business Consulting on the multi-faceted needs of Hedge Funds and Family Offices. Arootah was founded by Rich Bello, the Co-Founder and COO of the industry-leading $10 billion hedge fund, Blue Ridge Capital. Rich brings more than 30 years of experience, including leadership positions at Morgan Stanley, Tiger Management, and Ernst & Young. 

Visit us at https://arootah.com/hedge-fund-advisory/ for more information.

WHO WE NEED:

Arootah is searching for experienced Directors of Operations to consult to our highly prestigious client base.  As a consultant, you will work with our Hedge Fund and Family Office clients to provide expert advice. Having previously served in this role, you have specific, hands-on experience managing and overseeing the daily Operations of a leading Hedge Fund or Family Office. 

What You'll Do

Best practice reviews. 

Developing realistic and effective action plans.

Breaking apart goals into actionable steps. 

Advising on vendor selection and oversight.

Creating and implementing policies, procedures, and control measures. 

Evaluating each client’s advancement toward goal actualization through key performance indicators (KPIs) and scoring matrices. 

Special projects or other areas of need.

Who You Are

Lead all aspects of the day-to-day management and oversight of managing the Operations team and overseeing the full life cycle of a trade including proper accounting, recordkeeping, trade settlement, and problem resolution. 

Hire, manage, mentor, conduct performance reviews and make compensation recommendations for assigned staff, helping to develop staff on industry knowledge, general business skills, and professional growth.

Define individual performance objectives and development plans and ensure alignment with project and unit objectives. Focus on improvements in execution that result in scalable, efficient processes while shifting the operational focus to value functions and analytics.

Responsible for the operations control environment and provide recommendations to senior management focused on reducing operational risk.

Stay up to date on changing technology and investing environment within company in order to help set team objectives, plan for appropriate resources, and help execute strategic initiatives.

Lead all aspects of attestation and audit processes for respective operations group, ensuring that internal controls are working appropriately, tested as required, and issues are remediated timely.

Ensure that all company policies and procedures are carried out consistently, are in compliance with local, state, and federal securities laws and regulations, and that any incidents are dealt with in a timely manner.

Act as the subject matter expert on fund accounting and performance, as well as associated systems, policies, processes, and procedures.

Oversee the daily/monthly/quarterly sign-off of various reconciliations to third parties including administrators and prime brokers.

Assist the COO in managing vendor and service provider relationships, including auditors, tax preparers, legal counsel, regulators, and effectively communicate and elevate issues as needed.

Qualifications

A Bachelor’s Degree in Economics, Finance, Mathematics, Accounting, Computer Science, or a related field with a strong academic record.

MBA, M.S. in Operations, or advanced degree is a plus.

10+ years of specific experience as a Director of Operations at a Hedge Fund or Family Office.

Strong knowledge of multiple asset classes, security types, financial instruments, investment strategies, and capital markets, including a detailed understanding of capital markets and how products trade, settle and are invested.

Extensive knowledge of the investment management industry and related technology including fund accounting software, market data tools, performance and attribution applications and settlement/reconciliation programs.

Excellent problem solving, analytical, team and time management skills managing multiple deadlines for self and others.

Attention to detail and capable of taking initiative.

Dedicated team player with an entrepreneurial predisposition and strong interpersonal skills to effectively work across all levels of the firm.

Become part of a well-funded disruptor in the finance and technology space. 

The ability to work remotely.

Flexible hours and ability to choose your assignments.

The hourly consulting rate of pay is expected to be a minimum of $175 and a maximum of $350, per hour. The hourly rate will be determined by several factors which may include, but are not limited to, the length of the individual engagement, level of difficulty, level of specialization required, professional designations, skills, and years of experience.

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