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- Tasks: Join our Middle Office team as a Reconciliations Analyst, ensuring fund cash accuracy and integrity.
- Company: Brevan Howard is a leading hedge fund manager with over $34bn in assets and a global presence.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and collaboration across teams.
- Why this job: Be part of a prestigious firm known for excellence in risk management and investment performance.
- Qualifications: Strong analytical skills and experience with OTC products and cash reconciliation processes required.
- Other info: Work in a vibrant London office with a focus on innovation and operational excellence.
The predicted salary is between 36000 - 60000 £ per year.
Reconciliations Analyst, Middle Office Specialist
Reconciliations Analyst, Middle Office Specialist
Reconciliations Analyst, Middle Office Specialist
JOB AND PERSON SPECIFICATION
JOB TITLE:
Reconciliation Analyst | 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:
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.
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Reconciliations Analyst, Middle Office Specialist employer: Brevan Howard
Contact Detail:
Brevan Howard Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reconciliations Analyst, Middle Office Specialist
✨Tip Number 1
Familiarise yourself with the specific OTC products mentioned in the job description, such as Interest Rate Swaps and Credit Default Swaps. Understanding these products will not only help you during interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the finance industry, particularly those who work in middle office roles or have experience with cash reconciliation. Engaging with them can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your analytical skills by practising data analysis and reconciliation scenarios. Being able to showcase your problem-solving abilities with real examples will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience with reconciliation and trade processing systems in detail. Highlight any specific tools you've used and how they contributed to improving operational efficiency in your previous roles.
We think you need these skills to ace Reconciliations Analyst, Middle Office Specialist
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Reconciliations Analyst. Familiarise yourself with cash reconciliation processes and the specific financial products mentioned in the job description.
Tailor Your CV: Highlight your relevant experience in cash management and reconciliation processes. Be sure to include any exposure to OTC products and your analytical skills, as these are crucial for the role.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the position and the company. Mention specific experiences that demonstrate your ability to collaborate with multiple teams and your commitment to operational risk controls.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is essential for a role focused on accuracy and integrity.
How to prepare for a job interview at Brevan Howard
✨Know Your Financial Products
Make sure you have a solid understanding of the OTC and listed financial products mentioned in the job description, such as Interest Rate Swaps and Credit Default Swaps. Be prepared to discuss how these products work and their implications in cash reconciliation.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical skills during the interview. You might be asked to solve a problem or analyse a scenario related to cash reconciliations. Practising with real-world examples can help you articulate your thought process effectively.
✨Highlight Collaboration Experience
Since the role requires working closely with various teams, be ready to share examples of how you've successfully collaborated with others in previous roles. Emphasise your communication skills and ability to build relationships across departments.
✨Prepare Questions for the Interviewers
Have a few insightful questions ready to ask your interviewers about the company culture, team dynamics, and the tools used for reconciliation processes. This shows your genuine interest in the role and helps you assess if it's the right fit for you.
