Middle Office Trade Support Job Description
Middle office trade support
provides reporting capabilities for METS, this requires MS Excel, MS SharePoint, MS Access, MS PowerPoint.
Middle Office Trade Support Duties & Responsibilities
To write an effective middle office trade support job description, begin by listing detailed duties, responsibilities and expectations. We have included middle office trade support job description templates that you can modify and use.
Sample responsibilities for this position include:
Ensure compliance with global and local regulatory requirements on OTC derivatives under CFTC, ESMA and JFSA (Swap Data Repository, Swap Execution Facility, External Business Conduct, Mandatory Clearing, Uncleared Swap Margin)
Confirm derivatives transactions (OTC’s, Swaps, Futures, ) with executing brokers in the evening
Confirm derivatives transactions (OTC’s, Swaps, Futures, ) with executing brokers
Assist FO in T+0 PnL reconciliation and T+1 with PnL group
Verify & amend trade bookings
Monitor and resolve Adaptiv violations
Ensure team’s adherence to all departmental controls and procedures in timely manner
Drive strategic change to improve processes and tighten controls
Lead strategic projects across Middle Office
Life cycle event such as trade booking, verification, rate refix and event management
Middle Office Trade Support Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Middle Office Trade Support
Typically a job would require a certain level of education.
Employers hiring for the middle office trade support job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Finance, Economics, Engineering, Science, Accounting, Business, Business/Management, Education, Management, Financial Services
Skills for Middle Office Trade Support
Desired skills for middle office trade support include:
Securities industry and applicable regulatory requirements
Excel
PowerPoint and Internet technologies
Asset services
Clearing
Settlements
EDG products
MS VBA and SQL would be an asset
Asia local markets an advantage
Financial products
Desired experience for middle office trade support includes:
Must understand Equity Derivative products including Equity Swaps, Div Swaps and ETFs
Must be aware of ETF processing constraints including deadlines, cashflow movements, and regulatory requirements
Must have an intimate understanding of the create/redeem process for ETFs including cash creation, in-kind creation, and mixed creation
Must have in-depth understanding of risks associated with processing the above products including potential settlement failures when guidelines are not followed
Must have expertise in JPM’s proprietary trade booking and settlement systems and overall infrastructure
Must have knowledge of various areas involved in transaction lifecycle processing
Middle Office Trade Support Examples
1
Middle Office Trade Support Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of middle office trade support. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for middle office trade support
- Partner with Front Office, Finance, QR, VCG, Technology and extended team in Mumbai on a day-to-day basis
- Handle queries from all business partners
- Dynamically prioritizing a variety of important tasks in short timeframes to deliver timely and accurate service while maintaining controls and managing risks
- Trade booking and processing STP trades from FO systems into RMS (Kapital & Athena) and downstream Accounting, Settlement and Collateral systems
- Maintenance of controls and events along the transaction lifecycle
- Deal level checkout and review against legal documents
- Assist with P&L, risk and operational queries of Trading Books under Japan Rates
- EOD curve/ price review and publishing in RMS for valuation purposes
- Partner with FO, BM, Technology and other Support Partners to initiate and develop new business and strategic operational agendas
- Run and deliver on efficiency agenda, streamlining processes and increasing capacity
Qualifications for middle office trade support
- Previous exposure to equity and equity derivative products is essential
- Practical experience working with financial derivatives in any asset class (Equities, Rates, Credit, FX, ..)
- Operations/Middle Office Management Experience is a must
- Strong leadership skills and ability to foster strong relationship with Front Office
- Minimum of 3 years working experience in Investment Banking Middle Office
- Good understanding on Derivatives and a plus with previous exposure in Exotics and Hybrids products
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Middle Office Trade Support Job Description
Job Description Example
Our company is hiring for a middle office trade support. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for middle office trade support
- Manage MIS and key-metrics, control and escalate (STP ratios, Nostros, Affirmations, Late trades, Off-Market trades, Cancel & Amends, etc)
- Manage and run key control agendas, Audit, SOX, RCSA
- Run default management Fire-drills with global & local CCPs
- Run trade compressions cycles & process large client derivatives packages
- Manage key business deliverables and initiatives (with MO implications) tracking status and raising issues
- Provide Middle office /operational support for the Global Financing Desk (GEM)
- Perform timely and accurate recording and settlement of trades
- Complete daily operational reporting & controls
- Aggregating and managing the firm’s liquidity risk, including deploying the firm's excess liquidity
- Perform extensive review of the T/CIO executed activity to ensure compliance against policies, procedures and regulations
Qualifications for middle office trade support
- Display strong drive and enthusiasm, be highly numerate and analytical
- Team worker with strong communication skills
- Ability to multi-task and work in a pressurized environment with tight deadlines to meet on a regular basis
- Thorough knowledge of OTC derivatives with preferably prior experience in MO/ Risk/ Finance
- Fluent in English and ideally in Japanese (Japanese proficiency is preferred but not mandatory)
- JSDA 1st and 2nd class Sales Representative license holders but not mandatory
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Middle Office Trade Support Job Description
Job Description Example
Our company is looking for a middle office trade support. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for middle office trade support
- Manage a team of Middle Office staff responsible for Trade Support activities which include researching and analyzing trade on behalf of assigned clients
- Handle trade related inquiries
- Manage day to day work of Middle Office team responsible for researching and analyzing transactions on behalf of more complex assigned clients
- Handle reconciliations and inquiries
- Manage relationships with assigned clients and ensures all questions are answered and issues with transactions are resolved
- Manage processes and provide oversight of team to ensure that records are maintained in accordance with departmental policies and procedures
- Communicate with internal stakeholders and clients to ensure needs are being addressed by the Middle Office function and provides input to Unit Managers
- Support evaluation of new clients and determine how to allocate that client against the various teams
- Make decisions on how to implement new clients in relatively straightforward situations
- Provide input to Unit Managers
Qualifications for middle office trade support
- Take a leading role assisting with a wide range of Middle Office tasks, ensuring the accuracy of processes and the firm's book, providing a high level of service for clients
- Producing of daily P/L reports support to Risk Managers in modeling of markets
- Assist the junior staff on the BAU and act as a back in the absence of supervisor/Team leader
- Capture and confirm Equity, Fixed Income, Treasury and Mutual Fund trades from the client in a timely and accurate
- Manner thus ensuring timely settlement and accounting
- An understanding of how an Asset Manager operates with Custodians and Brokers
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Middle Office Trade Support Job Description
Job Description Example
Our company is hiring for a middle office trade support. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for middle office trade support
- Ensure accurate Market Data is captured on a daily basis
- End to end trade life cycle management
- Control of bookings initiated by FO
- Monitoring of lifecycle events
- Participate as a part of an operations team that performs account reconciliation, account maintenance, and mutual fund trade facilitation for the various advisory programs
- Perform daily account reconciliation between trading and custodial systems
- Process client requests for contributions, withdrawals, portfolio modifications, and tax harvesting
- Assist in the identification, research, and resolution of trade errors
- Serve as main point of contact to facilitate interactions between the front office and external investment managers
- Ensure the accurate and timely escalation and resolution of all inquiries
Qualifications for middle office trade support
- Basic understanding of Derivatives products and NAFMI documentations knowledge
- Good communication skills as the position requires to liaise with people from different departments and located in many locations
- Proactive and autonomous with the ability to escalate and report to management key issues or projects that require additional support
- Fresh graduate or 1-3 years relevant operation experience in Financial firms, preferably with Derivatives products exposure
- Bachelor Degree in Economics or Finance preferred
- Ensure all transactions are correctly captured in the trade capture and downstream systems
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Middle Office Trade Support Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of middle office trade support. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for middle office trade support
- Supporting users in the day-to-day aspects of Portfolio Management Middle Office functions and use of various trading applications
- Resolving phone and e-mail inquiries regarding trading, data quality issues, application usage, and operations trading items
- Working with the business, technology, and operations to determine priorities, schedule releases, and write specifications for enhancements
- Managing and leading a team of analysts
- Working with the investment team to capture and book internal trades at custodian and third party administrator
- Affirming and settling trades with brokers, DTC, trustee/custodian and prime brokerage
- Acting as the liaison with custodian and third party administrators and identifying and resolving trade breaks (and other issues) with internal traders, brokers and custodians
- Managing and maintaining daily reporting of internal equities/commodity futures portfolios and reconcile regularly between Futures Commission Merchant, custodian and internal trading system
- Interface daily with our Hong Kong office and brokers
- Execute ad hoc reporting requests from Investment Team
Qualifications for middle office trade support
- Monitor market data capture and ensure its accuracy
- Continuous project work involving process improvement or system implementation
- Domestic Stock Loan Middle Office function, with a focus on Recall management, contract compare, excess management, Reg-Sho 204 and operational risk associated with the business
- Ensure all firm deficits and CNS fails are proactively communicated to the desk for coverage
- Ability to work as a proactive member of a fully established Equity Finance team
- Must have a fundamental system knowledge of Loanet, DTC, Equilend and BPS is a plus