Broker Management Associate

New York, New York, United States

Ref#: POS-10467

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Two Sigma is a different kind of investment manager. Since 2001, we have used data science and technology to derive insights that forecast the future and discover value in markets worldwide. Our team of scientists, technologists and academics looks beyond traditional finance to understand the bigger picture and develop creative solutions to some of the world’s most challenging economic problems. Our work spans across markets and industries, from insurance and securities to private investments and new ventures.

Two Sigma seeks a motivated individual to join the Broker Management team within Financial Resource Management.

You will take on the following responsibilities:

  • Counterparty Negotiations
    • Assist members of Broker Management and Legal in negotiating trading and loan agreements, monitoring contractual obligations and facilitating financial and risk reporting requirements
  • Project Management
    • Work with stakeholders to ensure tasks are timely completed and manage project schedules
    • Coordinate Broker Management projects, responsibilities and drive meetings as needed
  • KYC/Account Opening and Closing
    • Assist members of Broker Management in coordinating and assembling KYC documentation packages
    • Review and facilitate execution of account opening documents in accordance with Two Sigma internal policies
    • Obtain EINs, complete tax forms and oversee account closing process
  • Portal Access
    • Receive, organize and process requests for access to external portals ensure proper management approval
    • Communicate with brokers to complete implementation
    • Complete regular audits of TS and third party access
  • Authorized Persons Lists 
    • Complete documentation updates resulting from changes to authorized signatories and employee changes
    • Coordinate distribution to brokers 
    • Respond to internal and external ad hoc requests
  • Documentation Management
    • Assist in initial set-up and maintenance of documentation into documentation management system by uploading and tagging drafts and executed documents 
    • Respond to requests for documentation
  • Account Master
    • Assist with data entry and review using internal workflow tool
    • Run queries and respond to internal questions regarding new accounts or structures 
  • Executing Broker On-Boarding Process
    • Reach out to brokers to obtain documentation, confirm trading requirements, and identify execution account numbers
    • Assist in  responding to ad hoc requests from trading to onboard new products or brokers

Requirements include:

  • Familiarity with derivatives and financing agreements such as Prime Brokerage Agreements, ISDAs, Master Repurchase Agreements, Master Securities Loan Agreements and Futures Agreements helpful but not necessary
  • Ability to multitask, meet deadlines and effectively adapt to changing priorities
  • Solid written and verbal communication and interpersonal skills
  • Ability to work cooperatively and collaboratively with employees in all departments as well as banks and vendors
  • Self-starter, motivated, ability to think critically and process driven
  • Proficient in Microsoft Office Suite (with a focus in Word and Excel)
  • Basic knowledge of corporate formation requirements and entity types

You will enjoy the following benefits:

  • Core Benefits: Fully paid medical and dental insurance premiums for employees and dependents, competitive 401k match, employer-paid life & disability insurance 
  • Perks: Onsite gyms with laundry service, wellness activities, casual dress, snacks, game rooms
  • Learning: Tuition reimbursement, conference and training sponsorship
  • Time Off: Generous vacation and unlimited sick days, competitive paid caregiver leaves

We are proud to be an equal opportunity workplace. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity/expression, age, status as a protected veteran, status as an individual with a disability, or any other applicable legally protected characteristics.