Middle Office Controller recruitment
An opportunity exists for a Middle office specialist . The role is dynamic with the emphasis being on the employee to initiate and drive change to continually aim to automate the middle office function. The role with be hands on with direct accountability to the trading floor and the role requires a high level of accuracy as 90% of the BAU tasks are excel based. The candidate must be proficient in manual excel reconciliations unsupervised with a strong focus on automation change management.
The department owns the full front to back process of trade input, reconciliation, and PnL production as well as ongoing projects. This is an opportnity for someone to make a name for themselves.
Responsibilities -
Trade support and control of Traders covering cash equities, equity derivatives, fixed income derivatives, commodities, FX and other cross-asset related strategies
Calculation and management of currency exposure by legal entity
Trade booking/correction including oversight of daily opening and closing position marking
Production, reconciliation and analysis of daily trader strategy net revenue (PL)
Liaison with and accountability to Finance team around month end revenue, fees, rebates, brokerage and interest accounting (PL, balance sheet and cashflow)
Production, analysis and verification of theoretical position valuation differences
Management of daily settlements across multiple trading desks
Management, control and analysis of desk reserves/adjustments
Facilitation of new (trading, brokerage and prime broker/clearer) account setup
Review of new business proposals
Reconciliation and ownership of control accounts
Accountable for Middle Office’s part in new business initiatives
Accountable to Tax team for dividend and other trading based tax entries
Assistance with internal and external audits/reviews
Liaison with global counterparts in Australia, Europe and US
Experience Required:
Qualified Accountant ESSENTIAL along with a strong academic history
Relevant product control/middle office experience within a financial markets
First hand stock loan experience
Global settlements and Exchanges knowledge/experience
Experience of working within a dealing room environment
Excellent knowledge of Excel, databases and query functionality
Advanced Excel, Visual basic awareness and SQL skills a bonus
Understanding of derivatives pricing, PL calculation and valuation variables