Back Office

Head of Operations

AlphaGrep, London
Apply for this job
AlphaGrep is a quantitative trading and investment firm founded in 2010. We are one of the largest firms by trading volume on Indian exchanges and have significant market share on several large global exchanges as well. We use a disciplined and systematic quantitative approach to identify factors that consistently generate alpha. These factors are then coupled with our proprietary ultra-low latency trading systems and robust risk management to develop trading strategies across asset classes (equities, commodities, currencies, fixed income) that trade on global exchanges.
We are seeking bright and resourceful individuals to join our Operations team which is based out of our office in London.


  • Trade lifecycle management – coordinating with Prime Brokers and other counterparties for daily trade reconciliation and cash settlement.
  • Managing the daily fund transaction, position and cash reconciliations process to ensure timely resolution of trade booking errors and for resolution of matching & settlement issues.
  • Maintenance and ownership of the firm’s internal book of records, including the production of internal NAV estimates.
  • Coordinating with fund admin and brokers on trade reconciliations and monthly NAV calculations.
  • Coordinating with other third party service providers (e.g. auditors, accountant).
  • Monitoring & reporting of counterparty exposure, including collateral and risk management.
  • Monitoring the funds’ financing terms and taking action to optimise financing.
  • Calculating and instructing Share Class FX hedges and attribution of return divergences.


  • Minimum of 8 years back / middle office operations experience with a hedge fund, or hedge fund administrator.
  • Experience with operational automation in relation to a high trade-flow quantitative hedge fund.
  • Ability to lead a team of operations staff and to promote operational and compliance best practices.
  • Strong communication abilities – ability to represent the firm’s operations function for operational due diligence exercises with clients, counterparties, service providers and regulatory authorities.
  • Hands-on experience in back-office functions including reconciliations, trade booking, custodian settlements, valuation and NAV estimates.
  • Well versed with futures, cash equities and equity derivatives.
  • Experience of transaction matching and confirmation for listed & OTC derivatives transactions.
  • Experience of corporate actions management would be beneficial.
  • Experience with AML / KYC would also be of benefit.


Apply for this Job

Privacy Preferences

When you visit our website, it may store information through your browser from specific services, usually in the form of cookies. Here you can change your Privacy preferences. It is worth noting that blocking some types of cookies may impact your experience on our website and the services we are able to offer.

Click to enable/disable Google Analytics tracking code.
Click to enable/disable Google Fonts.
Click to enable/disable Google Maps.
Click to enable/disable video embeds.
Our website uses cookies, mainly from 3rd party services. Define your Privacy Preferences and/or agree to our use of cookies.