Asset Management Middle Office Trade Processing
This is an exciting opportunity for an ambitious driven middle office candidate who is looking for their next move in Asset Management.
The main responsibilities of this role is to control all trades are captured into the Asset Management system, matching them with the brokers and counterparties.
Instruct trades Custodians and Prime brokers in good time and follow up of possible pendings.
Participate in development of systems to enhance process, on-boarding new clients or custodian custodians
The Trade Processing unit is acting as the main contact for back-offices and brokers, counterparties, related to any problem of settlement.
The Middle Office Assistant responsibilities include Trade processing and input, making sure all trades (listed derivatives, fixed income, equities/CFD, OTC forex trades currency and equity option) are quickly input into systems by fund managers for electronic or voices (Bloomberg).
Middle-office officer proceed to some manual input directly for OTC trades like Currency options and equity options.
Making sure all trades executed are confirmed with the broker, counterparty with automatic platform (FX ALL, Omgeo CTM and Markit Serve) before been sent to the Custodians or for the Prime Brokers.
Sending instructions in due time to the custodians and on a trade date basis to the accounting
Prime Broker Activities, which include daily nettings on prime brokered funds
For listed derivatives performing the daily reconciliation of trades & positions between the stock positions and the clearer via the automatic reconciliation, making sure all trades have been integrated from Electronic Trading Platform
Dealing with positions and expiries, assignments for the Front Office, margins calls on specific funds.
Relations with third parties for settlement or processing, investigating and chase until resolved any outstanding or mismatch by liaising with the fund manager, Custodians/Prime Brokers and counterparties.
Reporting any outstanding or mismatches to the head of middle-office.
Investigate any outstanding by liaising with the custodian, counterparty/broker ensuring continued follow up until the problem is resolved and noting any relevant cash discrepancy
Daily relationship with the accounting and the Middle Office stock Position
Being fully flexible among members of the team and aware of any specificities of a fund or custodian.
Development of new systems in the company tool or in relation with the mother company, to improve and test the STP of the companies process and also providing ideas or improvements of new process/methods.
To apply you must have experience working in a middle office operations trade processing environment in the UK, within Asset Management. Degree educated or at least A’levels.