Operations Analyst FX/OTC Derivative Product Knowledge

About Fortress

Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $49 billion of assets under management as of December 31, 2024. Founded in 1998, Fortress manages assets on behalf of over 2,000+ institutional clients and private investors worldwide across a range of credit and real estate, private equity, and permanent capital investment strategies.

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