Middle Office (OTC Derivatives)

Our client who is leading global asset management firm providing investment solutions and financial services to institutional and retail clients. They are seeking an OTC Middle Office Manager to join the team.

Some of the key responsibilities include:

1. Trade Processing & Lifecycle Management : Process and monitor OTC derivative trades from execution through confirmation and settlement, covering IRS, asset swaps, caps/floors, inflation swaps, swaptions, cross-currency swaps, and swap ETFs.
2. Reconciliation & Settlement : Perform daily matching, manage cash flows, coupons, corporate actions, SSIs, collateral/margin, and resolve trade breaks, cash discrepancies, and settlement issues with counterparties.
3. Reconciliation & Reporting : Perform daily/monthly reconciliations across cash, securities, OTC derivatives, positions, cash flows, futures margins, and fund accounts; investigate discrepancies and coordinate with custodians and Fund Accountants through resolution.
4. Operations & Governance : Prepare stakeholder reports, maintain KPIs and procedures, support regulatory filings and audits/inspections, and drive process improvements, automation initiatives, and operational projects.
5. Controls & Process Improvement: Validate trade data and operational controls, maintain audit trails, support regulatory reporting, investigate incidents, and drive process improvements to reduce operational breaks.

To be eligible for this role you will require:

1. Minimum 7 years of relevant experience in middle/back-office operations, with strong knowledge of OTC derivatives, particularly swaps.
2. Hands-on experience in complete trade life cycle management which includes trade processing, confirmations, settlements, and reconciliation of trades, cash, and positions.
3. Highly analytical, proactive, and self-motivated and the ability to work in a fast-paced environment.
4. Excellent stakeholder management skills, with strong technical proficiency in Excel, VBA, and AI tools considered an advantage.

Please contact Chezereen Williams by emailing your cv directly in word format with job reference no JOB- 16897 to [email protected]

Please note that due to the high number of applications only shortlisted candidates will be contacted. If you do not hear from us in the next 5 business days we regret to inform you that your application for this position was unsuccessful.

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