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Neuberger Berman is seeking a Derivative Security Master/Valuations & Middle Office Operations Specialist to support the firm’s derivative life cycles and traditional middle office functions. The successful candidate will oversee new derivative setups, ensure valuation accuracy, and collaborate with Portfolio Management teams to facilitate proper order entry for derivatives. This role plays a key part in daily portfolio management and post-trade execution for alternatives, derivatives, and hedge fund strategies. Additionally, the specialist will assist in designing and implementing process improvements for the broader firm and will serve as a primary point of contact for Portfolio Managers.

Responsibilities:

+ Collaborate daily with Operations, Accounting, Trading, Prime Brokers, and both internal and external Portfolio Managers.

+ Work closely with fund administrators to provide support and oversight for derivative valuations.

+ Perform various daily and monthly reconciliations (e.g., positions, open swaps, cash).

+ Review and process daily cash wires across multiple broker and custodian relationships.

+ Research and resolve books & records exceptions.

+ Monitor Treasury and Collateral Management exposures.

+ Investigate and resolve issues arising from P&L reporting.

+ Maintain counterparty metrics, costs, and financing rates.

+ Assist management with system automation projects (STP), efficiency initiatives, and risk mitigation.

+ Serve as a central point of contact for internal clients (Portfolio Managers/Traders).

Qualifications:

+ Bachelor’s degree required.

+ 3–5 years of relevant industry experience in derivatives and middle office operations within asset management, hedge funds, or prime brokerage environments.

+ Working knowledge of operational aspects of fixed income products, cash, OTC derivatives, and their settlement mechanisms.

+ Detailed understanding of P&L components across all security types.

+ Strong organizational, problem-solving, and communication skills.

+ Excellent time management and organizational skills; ability to prioritize and multitask effectively.

+ High attention to detail and accountability.

+ Ability to implement tasks and projects with minimal supervision in a fast-paced environment.

+ Excellent written and oral communication skills.

+ Proven ability to work effectively with external service providers.

+ Proficiency in MS Office, with advanced Excel skills strongly preferred.

+ Strong knowledge of BlackRock Aladdin preferred.

+ Team player with high energy, self-starter attitude, and the ability to foster team spirit in a global setting.

+ Familiarity with Charles River and Eze is a plus.

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Compensation Details

The salary range for this role is $90,000-$105,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in the job posting location. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, business sector, performance, shift, travel requirements, sales or revenue-based metrics, market benchmarking data, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

_Neuberger Berman is an equal_ _opportunity_ _employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact_ [email protected]_ _._

_Learn about the Applicant Privacy Notice (https://www.nb.com/en/global/disclosure-privacy-policy) ._

Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager. From offices in 39 cities worldwide, the firm manages $515 billion in client assets (as of March 31, 2025) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally.

Tenured, stable and long-term in focus, the firm has built a diverse team—including 760-plus investment professionals and more than 2,800 employees in total—united in their commitment to delivering client outcomes and investment excellence. It is our people who define our culture and have enabled us to be recognized by _Pensions & Investments_ as the first or second "Best Place to Work in Money Management” for last eight consecutive years (firms with 1,000+ employees).

Neuberger Berman believes strongly that all employees are entitled to be treated with respect and dignity, and to work in a professional and safe environment. These values are the cornerstone of our firm. We prohibit any form of harassment, whether mental, verbal or physical. We do not tolerate the support of terrorist groups, acts of terrorism, or threats of violence. All who wish to be employed by the firm are expected to uphold these principles.

For important disclosures: http://www.nb.com/linkedin