At a Glance
- Tasks: Join our Operations team as a Middle Office Specialist, ensuring accurate trade reconciliations and risk management.
- Company: Brevan Howard is a top hedge fund manager with over $34bn in assets, renowned for excellence in investment performance.
- Benefits: Enjoy a dynamic work environment, opportunities for professional growth, and the chance to work with industry leaders.
- Other info: Ideal for proactive individuals who thrive under pressure and enjoy collaborative environments.
- Why this job: Be part of a global team, enhance your financial knowledge, and contribute to impactful investment strategies.
- Qualifications: Must have a degree in a numerate discipline and at least 3 years of operations experience in financial markets.
The predicted salary is between 43200 - 72000 £ per year.
JOB AND PERSON SPECIFICATION
JOB TITLE:
Middle Office Specialist
LOCATION:
London
REPORTS TO:
Ciaran Doherty
REASON FOR HIRE:
Replacement
JOB SPECIFICATION
COMPANY/DEPARTMENTAL OVERVIEW
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:
The focus of the Middle Office Specialist within the Operations team is on ensuring the substantiation of the firm\'s books and records on a T+1 basis. The core services, processes and controls are provided to clients to ensure accurate risk and P&L capture. The Middle Office team forms part of the Operations Function supporting trading activities across a diverse client base and product range.
The core services provided by the Middle Office are as follows:
T+1 Reconciliations
- Accurate reconciliation of trades and positions versus our prime and clearing brokers
- Reconciliations are in place across the breadth of asset classes we trade - Rates, Credit, Fixed Income, Listed Derivatives, FX and Equities
- Working with front office, trade support and our street counterparts to ensure any issues are resolved in a timely fashion on T+1
Life Cycle Event Management
- Futures expiry monitoring including FND and physical delivery
- Processing of dividends, coupons and other income events
Corporate Actions
- Ownership of all corporate asset processing across fixed income and equity asset classes including monitoring, elections and booking
Process Improvement and Projects
- New business initiatives: Including set up of prime broker and clearing broker relationships
- Process Improvements including technology enhancements and new vendor onboards
- Enhancing knowledge through training and maintenance of team procedures and policies
- Completing event reviews and implementation of risk mitigation improvements
The role entails working closely with internal and external stakeholders. An ability to prioritise based on risk profile is critical, as is a clear and concise communication approach. Occasionally coverage across the wider operations function may be required
PERSON SPECIFICATION
WORK EXPERIENCE/BACKGROUND
Essential
- Undergraduate degree in a numerate discipline
- A sound understanding of financial markets and in depth knowledge of at least one of the following asset classes: Rates, Credit, Fixed Income, ETDs, FX, Equities
- Understanding of hedge fund front to back processes and market infrastructure
- An excellent knowledge of operational risk and risk mitigation utilising technology, process and controls.
- Minimum 3 years\' operations experience.
Desirable
- Good problem solving capabilities, evidence of process improvement.
- Cross asset class experience: FI, FX, Credit, Rates, Equities
TECHNICAL SKILLS & KNOWLEDGE
- Self-motivated and proactive
- Ability to perform well under pressure
- Risk based prioritization
- Enthusiastic, flexible and adaptable
- Ability to work independently as well as part of a team
Desirable
- Advanced excel and knowledge of VBA, SQL or other programming languages.
OTHER REQUIREMENTS
- Strong work ethic and attention to detail
- Good communication skills
- Enthusiastic and flexible
- Excellent written and spoken business English
- High personal initiative and personal responsibility
- Ability to work effectively in a team/Front office environment
- Ability to manage work priorities and delegate appropriately
- Highly proactive and
- Hardworking and able to work independently
- Friendly, polite and personable - enjoys working with others
Boost your career
Find thousands of job opportunities by signing up to eFinancialCareers today. #J-18808-LjbffrMiddle Office Specialist | London, UK employer: Brevan Howard
Brevan Howard Asset Management is an exceptional employer, offering a dynamic work environment in the heart of London, where innovation and excellence thrive. With a strong focus on employee growth, the firm provides ample opportunities for professional development and training, fostering a culture of collaboration and support among its diverse team of over 1,100 professionals. Employees benefit from competitive compensation packages, a commitment to operational robustness, and the chance to be part of a leading hedge fund manager that values risk management and investment performance.
StudySmarter Expert Advice🤫
We think this is how you could land Middle Office Specialist | London, UK
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We think you need these skills to ace Middle Office Specialist | London, UK
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