Chief Operating Officer - Traded Credit Hedge Fund

Coda Search is partnering with an established traded credit hedge fund to find a Chief Operating Officer. This is a senior leadership role reporting to the CIO and sitting on the firm's leadership group. The COO will own the firm's non-investment platform end to end and help it scale across funds, products and strategies. Our client is a quant fund focused on liquid and traded credit, including high yield, leveraged loans, investment grade, distressed and special situations, structured credit and credit derivatives. The firm manages commingled funds and separately managed accounts for a global base of institutional investors.

The COO will oversee operations, finance, technology, legal and compliance coordination, and business infrastructure. The aim is a scalable, institutional-quality platform that supports the investment team and meets the standards of sophisticated allocators.

KEY RESPONSIBILITIES

• Lead and build out the operations function across middle and back office: trade support, settlements, reconciliations, corporate actions and the full trade lifecycle for bonds, bank debt and derivatives

• Oversee relationships with fund administrators, prime brokers, custodians, agent banks and other key service providers

• Manage counterparty relationships, ISDA/CSA and financing negotiations, margin and collateral, and treasury/cash management

• Partner with the CFO and finance team on fund accounting, NAV oversight, expense allocation, audits and management company finances

• Oversee valuation policy and governance, including independent pricing for less liquid credit instruments

• Work with the CCO and General Counsel on the compliance program, regulatory filings (Form PF, 13F, Form ADV and others) and fund documentation

• Lead technology and data strategy, including OMS/PMS, risk systems, vendor selection and infrastructure upgrades

• Act as the senior operational point of contact for investors: operational due diligence meetings, DDQs, investor reporting and consultant reviews

• Support new fund launches, SMAs and product initiatives from structuring through go-live

• Build, mentor and lead a high-performing team across operations, finance and technology

• Drive firm-wide process improvement, controls, risk management and business continuity planning

QUALIFICATIONS

• 12+ years of experience in hedge fund or asset management operations, with significant exposure to traded credit

• Prior experience as COO, Head of Operations or a similar senior leader at a credit-focused hedge fund or multi-strategy platform

• Deep knowledge of credit instruments, including high yield bonds, leveraged loans (including loan settlement and agent processes), CDS and structured credit

• Strong working knowledge of prime brokerage, ISDA documentation, financing and collateral management

• Proven record of managing fund administrators and service providers and of leading institutional ODD processes

• Solid grounding in hedge fund accounting, valuation and the regulatory framework for SEC-registered advisers

• Experience scaling a platform through AUM growth, new products or a fund launch is highly valued

• Exceptional leadership, communication and judgment, and comfort operating as a trusted partner to the CIO and investment team

• Bachelor's degree required; MBA, CPA or CFA a plus