Reconciliations Analyst, Middle Office Specialist | London, UK

Brevan Howard Asset Management is one of the leading absolute return/hedge fund managers, overseeing assets on behalf of institutional investors from around the world, including pension funds, endowments, insurance companies, government agencies, private banks, and fund of funds. Brevan Howard was founded in 2002 and launched its flagship global macro strategy in April 2003. The firm currently manages over $34bn and engages predominantly in discretionary directional and relative value trading in fixed income, FX markets, and equities. BH Digital, a division within Brevan Howard that manages crypto and digital asset strategies was launched in 2022. The firm currently employs over 1,100 personnel worldwide, including over 300 investment professionals. This global presence gives Brevan Howard the ability to identify and source attractive investment opportunities, as well as investment management talent wherever they may be. Brevan Howard has won several industry awards for excellence in risk management, operational robustness, and investment performance. The firm’s main hubs are in London, Jersey, Geneva, New York, Austin, Hong Kong, Singapore, and Abu Dhabi.

MAIN DUTIES/RESPONSIBILITIES OF THE ROLE:

• We are seeking a detail-oriented and proactive Reconciliations Analyst to join our Middle Office team. The successful candidate will be responsible for ensuring the accuracy and integrity of fund cash reconciliations, managing cash processes, and supporting the development of robust controls and reconciliation tools.
• This role requires strong analytical skills, a solid understanding of OTC and listed financial products, and the ability to collaborate effectively with multiple internal stakeholders.
• Review fund cash reconciliations downstream, ensuring consistency and accuracy between the fund's internal systems, fund administrators, and Prime Brokers.
• Manage cash operations including wire processing and monitoring of short cash balances.
• Investigate reconciliation breaks by liaising with internal operations teams and raising queries regarding unmatched trade economics.
• Analyse reconciliation data quality to enhance static data and improve matching rates.
• Develop and maintain detailed procedures and control metrics to support a best-in-class operational risk framework.
• Compile and present reconciliation statistics and trade information for senior management.
• Collaborate with Technology teams to enhance the capabilities of reconciliation tools and systems.
• Foster close working relationships with key internal partners including Middle Office, Trade Assistants, Fund Finance, and Treasury.
• Provide support across the broader operations function as needed.

PERSON SPECIFICATION

• WORK EXPERIENCE/BACKGROUND: Strong exposure to technically complex OTC products including Interest Rate Swaps (IRS), Swaptions, Credit Default Swaps (CDS), FX Options, Caps/Floors, Total Return Swaps (TRS), among others. Experience with listed fixed income products and related instruments is also required.
• OTHER REQUIREMENTS: Strong understanding of OTC and listed financial products. Proven experience in cash reconciliation and cash management processes. Excellent analytical skills with attention to detail. Ability to work collaboratively across multiple teams and stakeholders. Experience working with reconciliation and trade processing systems preferred. Strong organizational and communication skills. Commitment to maintaining high standards of operational risk controls.