Middle Office
Middle Office
The Department
The Middle office department supports Listed, OTC products and the full range of equity product lines, providing middle office functions and interfacing between front office and the outsource providers.
The Department is proactively run with responsibilities given to those who show promise. Hence this will be a developing role and suited to those with experience in handling a rapidly changing role and enjoy being challenged.
MAIN DUTIES ACCOUNTABILITIES:
* Ensure that all Derivative trades executed by the business have been captured accurately and completely by the Middle office for confirmation, risk, PL and settlement processes.
* Work closely with dealers and fund managers to ensure timely and efficient resolution of trade queries
* Assist with resolving Derivatives issues and queries across operational areas
* Understand the structure of each non-generic trade, working closely with IT and the business to ensure the smooth transition of new exotic trades
* Develop an understanding of all derivative products and how they are treated across their respective systems
* Investigate and resolve any reconciliations items.
* Manage TPA service in line with agreed service level agreement and ensure that MI and KPI's are in line.
* Review controls and develop exception reports for electronic affirmation and confirmation systems
* Work with data administration team to ensure accurate set up of Listed, OTC products.
* Responsibility for overseeing all aspects of derivatives pricing and valuations to ensure regulatory and mandate adherence
* Maintain and develop policies and procedures to identify and correct errors (arising from manual input, security set-up, linkage breaks, systems failure or third party input), investigating the reasons behind material variations and taking corrective action
Technical Skills Qualifications Required
* Educated to degree level or equivalent
* Relevant industry qualifications, eg IAQ, IMC are desirable
* Previous financial services experience is essential
* A thorough understanding of investment management process and operations / clearing of derivatives
* Solid understand of Futures and Options
* Product knowledge across the full range of Fixed Income and Equity derivative instruments - both ETD and OTC
* Previous experience of working on a number of different projects
* Good knowledge of Microsoft packages
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