Middle Office Analyst

Insight Recruitment Solutions
02 Feb 2017
02 Mar 2017
Contract Type
Full Time

Location; London
Salary £50,000 - £60,000

Our client is offering the opportunity to join the middle office of a company which, based on success, is expanding trading activities into the US and European Gas and Power markets.

Independent monitoring of the activity of the traders is critical to ensure adherence to the Compliance Policy, Market Risk Limits, and to identify potential fraud. An independent mid-office function, reporting to the CRO, the analyst provides the first line of independent scrutiny. It is the responsibility of the Middle Office to:

  • Reconcile trade entries in Trade Capture for prior day with statements from the Clearing Firm/Broker
  • Reconcile physical deal entries from prior day with Operations
  • Monitor all positions against relevant Exchange limits
  • Immediately report and reconcile any deal-entry discrepancies with the appropriate trader
  • Highlight persistent or egregious deal entry errors to Management
    Perform intra-day monitoring in the final three days before expiry of all
  • Exchange contracts
  • Reconcile margin calls with position and price changes
  • Produce positions reports for opening business
  • Compute and report daily MTM in agreed format
  • Compute and report MVAR daily, highlighting any reporting triggers or limit breaches
  • Produce and submit hedge exemptions to relevant Exchange
  • Produce and submit weekly report to CFTC
  • Reconcile any discrepancies or collect data as needed with traders
  • Escalate any unresolved matters to the CRO
  • Control/check clearing firm settlements automatically fed into the system
  • Monitor speculative limits and expiry dates and inform traders of such
  • Relationship with Clearing Firm(s)