Middle Office Reporting/Reconciliations
We have an excellent opportunity for an ambitious bright individual with solid experience working in the Middle Office Operations to join this expanding Asset Management firm in the West end/Mayfair area of Central London.
You will be responsible for all timely reconciliations for all the Asset Management Portfolios, ensuring all client and regulatory reporting is completed in adherence to the relevant Investment Management and regulatory requirements, working on ad hoc system enhancements and new projects as they come in.
The Middle Office Assistant responsibilities include daily cash reconciliations to the custodian and private bank, weekly and monthly inventory reconciliations, daily and weekly monitoring of Mirror NAV to ensure accurate accounting.
Monthly NAV reconciliation between custodian and accounting, monitoring of overdrafts and instructing funding as necessary
Daily monitoring of NAM cash and position reconciliations of UCIT funds
Maintain relationships with clients and ensure they are serviced as per their IMA
Ensure a good relationship is maintained with custodians and PB to assist in the timely resolution of any issues.
Monthly / Quarterly meetings with custodians / PB to maintain or increase service level, to ensure mirror NAVs and official NAV (for UCITS) are accurate, 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
Liaising with counterparties and instructing external custodians of any coupon payment to make (or receive) to (or from) counterparties
Liaising with the Paris Stock department to let them know of any failure which could impact their reconciliations and to help them to find any pending lines
Client reporting both daily, weekly and monthly, producing client reports to be completed, ad hoc reports for consultants.
Regulatory Reporting, daily reporting to the trade repository to ensure compliance with regulatory bodies, keeping up to date with any regulatory change which may affect the business.
Participate in any new systems and enhancements, facilitate the on boarding of any new clients or products
To apply you must have solid experience working in a similar position in Investment/Asset Management or Operations. A go get attitude, not for a non career person, excellent bonus scheme.