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Middle Office Analyst

  • Job Number 528589
  • Type Permanent
  • Location Greenwich, CT
  • Pay $90,000 - $110,000
  • Referral Bonus $250

Middle Office Analyst

Job Description:

SUMMARY OF FUNCTION/POSITION:

Our client, a rapidly growing Fin-Tech firm with over 200 employees globally, provides integrated front to back-office services to investment managers and financial institutions. Service offering encompasses the full asset management life cycle, including a portfolio management system, risk analysis, operations (trade processing, fund accounting and treasury services), compliance support and investor relations services.

The business spun out a few years ago from one of the world’s leading hedge fund managers which remains a key client today and is led by a team of highly experienced finance professionals across multiple disciplines with a platform that is considered an industry leader in trading analytics, risk analysis and operational robustness.

This job opening represents an exciting opportunity to join a rapidly growing business with institutional backing and a proven track record in delivering a suite of financial services to a market-leading standard. The successful individual will be able to combine their industry experience with a vision for further development in a dynamic and supportive environment.

An opportunity has arisen to work as a Credit Trade Support Analyst within the client`s Operations team. The Operations team provides trade support and product lifecycle management for its clients, with direct interaction with portfolio managers and front office professionals. Knowledge of credit products is essential, including economic features, valuation drivers, risk management, confirmation workflows, lifecycle events and settlement.

MAIN DUTIES/RESPONSIBILITIES OF THE ROLE:

The focus of the Credit Middle Office Analyst is to ensure that traded positions have been correctly captured to match third parties, breaks have been timeously resolved and lifecycle events have been processed accurately. The role requires in-depth experience of credit products, including one or more of the following areas :

  • Corporate bonds, convertible bonds, government bonds, credit ETFs, iBoxx, preferreds
  • Credit index, single names CDS, tranches, bespoke tranches, credit index options
  • IOs/POs, MBS, ABS, RMBS, TBAs
  • Par/distressed bank loans, CLOs, equity re-org

    The main functions of the role are as follows:
    Reconciliation of Client Positions

  • Ensure positions and trade details recorded in internal systems match external parties (clearers, custodians, prime brokers, counterparties)
  • Facilitate the timely resolution of position and trade breaks
  • Monitor middleware platforms for intraday trade matching
  • Monitoring cash reconciliations to facilitate resolution of cash breaks

    Life Cycle Event Management
  • Corporate action processing, including validation of voluntary and mandatory corporate actions
  • Compression and novation processing
  • Facilitation of option expiry processes, rolls, paydowns, restructurings, defaults

    Process Improvement and Projects
  • New business initiatives: Including set up of new traders and products
  • Process Improvements including technology enhancements
  • Enhancing knowledge through training and maintenance of team procedures and policies
  • Completing event reviews and implementation of risk mitigation improvements

    The role entails working closely with execution traders and portfolio managers across a number of clients.

    The role also requires close working relationships with a number of internal partners including the COO, Fund Accounting, Risk Services and Quants.

    SPECIAL CIRCUMSTANCES (e. g. shifts, travel overseas, hours):
    Standard hours will be 8am to 6pm with other such hours as are necessary to fulfil the role, some flexibility required.

    Requirements:

    PERSON SPECIFICATION

    WORK EXPERIENCE/BACKGROUND:

    Essential

  • Undergraduate degree in a numerate discipline
  • A sound understanding of financial markets and different financial products, specifically credit instruments
    o Execution, mechanics and analytics
    o Front to back processes
    o Market infrastructure
  • An excellent knowledge of operational risk and risk mitigation utilising technology, process and controls.
  • Minimum 3 years` operations experience at a credit investment manager.

    Desirable
  • Advanced excel and knowledge of VBA, SQL or other programming languages.
  • Good problem solving capabilities, evidence of process improvement.

    TECHNICAL SKILLS/ KNOWLEDGE/PROFESSIONAL QUALIFICATIONS:

  • Self-motivated and proactive
  • Ability to perform well under pressure
  • Risk based prioritization
  • Enthusiastic, flexible and adaptable
  • Ability to work independently as well as part of a team
  • Good interpersonal and communication skills