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Manager/Director, Fund Finance, Trade Operations

Onex

Onex

Accounting & Finance, Operations
New York, NY, USA
Posted on Thursday, May 2, 2024

ABOUT ONEX:

Onex is an investor and asset manager that invests capital on behalf of Onex shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Onex’ two primary businesses are Private Equity and Credit. In Private Equity, we raise funds from third-party investors, or limited partners, and invest them, along with Onex’ own investing capital, through the funds of our private equity platforms, Onex Partners and ONCAP. Similarly, in Credit, we raise and invest capital across several private credit, public credit and public equity strategies.

Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, insurance companies and family offices. In total, Onex has $49.7 billion in assets under management, of which $8.1 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey, Boston and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

THE OPPORTUNITY:

Reporting to the Vice President, Finance based in New Jersey, you will focus primarily on bank loan settlements and other operational workflows across various products including separate accounts closed-end funds, and CLOs. Critical responsibilities include the review of LSTA/LMA documents and delivering industry leading settlement times across the platform. Leading a small team of operational team members and maintaining strong relationships with legal, trading and portfolio managers.

WHAT YOU WILL DO:

  • Oversee outsource provider for LSTA and LMA settlements
  • Maintain KPIs with outsource provider to push for better than market settlement times
  • Proactively engage with traders, portfolio managers, tax, fund accounting, legal and compliance
  • Coordinate, review, and approve corporate actions
  • Ability to solve complex loan settlement issues and push trades to settlement
  • Leverage relationships with counterparties and agents to drive best in class results
  • In depth knowledge of credit agreements and sections specific to loan settlements
  • Oversee KYC process for loan settlements including familiarity of all KYC documents
  • Supervise and mentor a small team of other trade operations members
  • Lead weekly calls with trading and PMs on settlement related issues
  • Partner with technology to fix OMS issues including requests to improve business
  • Ability to handle Ad-Hoc requests and solution new issues as they arise
  • Understand how to calculate delayed comp, cost of carry, and economic benefit
  • Work with trustee to resolve funding and other loan related issues
  • Manage liquidity for all funds across platform including knowledge of various subscription and asset-based lending

WHAT YOU BRING:

  • Minimum 10 years related experience
  • Strong history of loan market experience
  • Strong understanding of master feeder fund structures, CLO structures and trading strategies
  • Experience working with bank debt, bonds, equities, and FX swaps
  • Experience working with Advent Geneva, WSO, Black Mountain, Clear Par and Broadridge a plus
  • Proficiency in Microsoft Excel
  • Excellent written, communication and presentation skills and a friendly, service-oriented attitude.
  • Ability to self-start, multi-task and positively deal with a shifting demand for time
  • Presence and self-confidence to interface with the key constituents of the firm including clients, senior executives, and other stakeholders
  • Proven track record of managing small teams to execute on daily operations
  • Experience with subscription and asset-based lending. TRS experience is a plus

Our team & Commitment:

Onex is led by our CEO, Bobby Le Blanc, as well as experienced leaders at each of our businesses. We have over 170 investment professionals across all platforms, supported by approximately 265 professionals dedicated to our corporate functions and investment platforms, including our institutional and high net worth relationship professionals. Consistent with our One Onex approach, the teams share and leverage sector expertise, and sourcing and origination opportunities across all business lines.

Our culture is guided by our strong commitment to accountability, intellectual honesty and respect for all our

partners and stakeholders. Onex was formed on principles of entrepreneurialism and responsible investing and

our team is united in recognizing the value of collaboration, diversity of perspective and background, and an

inclusive environment. Our team is a critical factor in our success, and attracting and retaining the best people

and strongest investors are an important competitive advantage.

Also crucial to our long-term success is the alignment of interests between the Onex management team, shareholders and clients. Members of our management team have significant long-term ownership in Onex shares and invest meaningfully in our funds. We believe this alignment creates stronger relationships with both clients and shareholders.

Diversity Equity & Inclusion:

Onex recognizes that a diverse team and inclusive environment are vital in contributing to our continued success as an investor and asset manager. We believe that diverse perspectives create better outcomes for us and our stakeholders, including the companies we invest in, our shareholders, investors and clients, as well as the communities we serve.

Onex’ commitment to diversity and inclusion includes increasing our focus on attracting and retaining employees from diverse backgrounds, creating additional awareness of diversity issues and benefits, fostering and inspiring a more supportive environment where inclusivity is expected and prioritized, and embedding accountability for diversity throughout the firm.

Onex’ Diversity & Inclusion Leadership Council, which is co-chaired by our President and our Head of Shareholder Relations and Communications, includes representation from across all business platforms and geographies. The Council is responsible for championing diversity and inclusion across the firm, including supporting the development and success of Onex’ employee resource groups.

Environmental, Social & Governance:

As a public company, we are committed to delivering value for all of our stakeholders – our shareholders, investors, employees, operating companies and the communities in which we operate. Responsible governance throughout Onex and across our platforms is fundamental to the success of our organization. We hold ourselves to the highest standards of good governance, which builds trust and confidence in our stewardship of capital.

Consistent with our long-held belief that responsible investing is both the right approach to investing, as well as a driver of meaningful stakeholder value, we continue to make enhancements to our environmental, social and governance (“ESG”) program. Recent initiatives include the addition of resources to our ESG team and progress on our efforts to measure carbon emissions across Onex and our investment platforms. To remain aligned with emerging best practices, we participate in several industry initiatives, including the ESG Data Convergence Initiative, Initiative Climat International (“iCI”), the Principles for Responsible Investment (“PRI”), the IFRS Sustainability Alliance and FCLT Global, among others. We expect our program to continue to expand in line with this rapidly evolving area, while remaining rooted in our founding principle of responsible investing.