Associate Director, Derivatives Operations

Nearwater Capital is seeking a seasoned operations professional to join our growing team as Associate Director, Derivatives Operations to support the firm’s Capital Markets business with a primary focus on the regulated swap business. The ideal candidate will have deep expertise across the trade lifecycle for Fixed Income, Equity, and Derivative products, a strong understanding of front-to-back operations, and the ability to collaborate across departments to enhance workflows and controls. This role will serve as a main point of contact for operational inquiries, working closely with the Director of Operations and engaging with internal trading desks, counterparties, and custodians. What You'll Do Provide lifecycle management support for Commercial Paper, Equities, Fixed Income, and Swap transactions Manage trade settlements with a focus on Total Return Swaps (TRS) and Repurchase Transactions, including trade confirmation, broker and custodian communication, reconciliation, and issue resolution. Oversee trade, position, and cash reconciliations across custody, administrator, and prime broker accounts. Ensure proper booking of corporate actions. Manage initial and variation margin (IM/VM) processes and validate end-of-day balances. Coordinate monthly reporting with the Program Compliance team and Administrator. Handle trade capture, allocation, and exception management across swaps and cash hedge securities. Act as a key point of contact for client settlement queries and operational escalations. Conduct control reconciliations to ensure booking accuracy between internal systems and external records. Liaise with Risk teams to address open exposures, settlement fails, and margin disputes. Drive operational improvements by identifying process enhancements, automation opportunities, and control refinement. Participate in firmwide and departmental projects aimed at streamlining workflows and reducing operational risk. Mentor and provide guidance to junior operations staff, supporting a culture of accountability, risk awareness, and continuous improvement What We're Looking For 7–10+ years of direct experience in a financial services organization performing operations activities across Settlements, Lifecycle Management, Reconciliations, Trade Support, and related functions. Demonstrated high-level knowledge and understanding of the Cash Equity and Equity Swap product. A general knowledge of Equities/Fixed Income/Securities Lending is highly desirable. Knowledge of Commercial Paper is a plus. Strong knowledge of trade lifecycle, financial markets, and industry technology including AcadiaSoft, Markit, and Bloomberg; experience with Enfusion is a plus. Advanced Excel skills and experience with data analysis or automation tools such as Alteryx, Python, SQL, VBA, or Power BI to improve reporting accuracy and efficiency. Demonstrated ability to partner with Technology teams to enhance system functionality, implement data validation checks, and support workflow digitization. Excellent organizational skills and superior problem-solving capabilities with the ability to manage multiple tasks simultaneously in a high-volume, time-sensitive environment. Strong verbal and written communication skills with the ability to work effectively both independently and as part of a team. How You Work You are a self-motivated and proactive team player who takes full ownership of your work and brings a solutions-oriented mindset to every challenge. You thrive in structured, high-volume, and time-sensitive environments, maintaining composure and accuracy under pressure while managing competing priorities with confidence. You communicate clearly and effectively across all levels of the organization, building strong working relationships with internal stakeholders and external counterparties alike. You are continuously looking for ways to improve processes, reduce operational risk, and leverage technology to drive efficiency — and you bring others along in that effort. What You'll Get A high-impact role at the center of Nearwater's Capital Markets business. The opportunity to help design and build scalable operational infrastructure as the firm continues to grow. Direct engagement with senior leadership, trading desks, and external counterparties in a collaborative and intellectually stimulating environment. Participation in firmwide and departmental projects aimed at streamlining workflows and reducing operational risk. #J-18808-Ljbffr Nearwater Capital