Middle Office, Senior Associate

Alpha Middle Office team

The role of Middle Office in the organization is to handle critical and time sensitive controls, executions and decisions within investment operations. MO teams are responsible for position management, trade confirmation and settlements, corporate action processing, collateral management, cash and position reconciliation. Many teams have direct contact with clients and act on their behalf while interacting with internal and external parties.

Purpose of Role

Derivative Operations manage the processing and settlement of Derivative transactions on behalf of client and associated clients.

Major Responsibilities:

Operations:

• Manage trade settlements, reconciliation, and confirmation for derivative products such as swaps, futures, and options
• Review of ISDA and CSA agreement for Bi-lateral contracts
• Confirmation/Affirmation of new trades and confirmation of upfront and term payments with Counterparties
• Markitserv, Tradeserv and Tradeweb monitoring to ensure timely confirmations
• Monitoring of DTCC for Credit Events and Credit Event Processing
• Processing of OTC Coupon Resets and CDS Rolls
• OTC Reconciliations via Trioptima
• Break resolution and query management
• Be responsible for the full post trade and life cycle management of all bilaterally traded and Cleared traded OTC and ETD derivatives.
• Trade Confirmation / affirmation of trades and submission to clearing
• Reconciling internal records with counterparties and clearing houses, resolving breaks and discrepancies
• Processing trade lifecycle events such as resets, expirations, exercising and Roll overs
• Trade Confirmation/affirmation of trades, including clearing status monitoring Pre & Post Initial margin management
• Collateral management of preparing estimates and dispute reconciliations
• Monitoring & notification of income and corporate events Managing the collateral shorts and substitution process
• OTC Clearing and ETD IM and VM margin reconciliation and processing
• Reconciliation of trade and positions of Futures contracts with Clearing Broker to ensure Executing Broker and Clearing broker books are in line with SS Books

Level of Education/ Specific Qualifications:

Bachelors/Masters Degree in Commerce / Economics with a specialization in Business, Accounting, Finance or equivalent

Skills and Experience

• Knowledge of Aladdin platform is desirable.

• Overall 3-10 years experience in middle office operations
• Understanding of operational functions within middle office operations. Ability to provide technical expertise to resolve daily problems
• Should have worked directly with clients and counterparties in a global context
• Should have experience of end to end ownership of operations, with direct accountability on business, client and risk metrics (including losses)
• Should have worked with Risk, Technology, Automation and Change groups to drive BAU and transformation at scale
• Being comfortable with ambiguity and the ability to work well with teams, across multiple functions and geographies
• Proven ability to generate innovation ideas, and implementing them
• Ability to work within a collaborative environment to achieve results
• Open to work in

  North American shift hours

Required Competencies -

• Client Centric Mindset & Focus - Provide excellent service and build strategic client partnerships based on knowledge of their needs and by exceeding mutual expectations
• Manage Execution & Effective Communication - Deliver flawless execution of work products through effective plans, clear priorities and developed process management methods to ensure all resources function at optimal levels
• Ability and willingness to support middle office operations for clients/markets spread across different global regions.