Middle Office Analyst

Middle Office Analyst

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
M

At a Glance

  • Tasks: Support trading desks with daily operations and ensure smooth trade processes.
  • Company: Join a prestigious City-based banking institution at the heart of capital markets.
  • Benefits: Enjoy competitive pay, potential remote work options, and a dynamic work environment.
  • Why this job: Be part of a fast-paced team, gain valuable experience, and contribute to innovative financial solutions.
  • Qualifications: 2+ years in operations/middle office and a relevant university degree required.
  • Other info: Opportunity to work with cutting-edge technology and participate in new product launches.

The predicted salary is between 36000 - 60000 £ per year.

A City based banking institution are recruiting within the capital markets middle office to provide support for various trading desks including Money Markets and Repo, International Rates, SSA, DCM, and Cash Equity.

Main Duties

  • Provide day to day trade desk support to the Fixed Income, Currencies & Commodities (FICC) businesses including Money Market and Repo, International Rates, SSA trading and DCM.
  • Point of contact for FICC trade desks, back office and respective clients on issues regarding:
  • trade discrepancies
  • trade verification, amendments & allocations
  • funding
  • position reconciliations
  • p/l reconciliations
  • trade booking
  • Collateral Management (booking & position reconciliation)
  • Support the introduction of new products, technology or processes that are in line with Business Partner initiatives participating in the analysis, testing and implementation activities.
  • Identify potential risk situations within the scope of FICC Trade Support activities, escalating to management as required.
  • Ensure adherence to directives, internal processes and internal approvals to mitigate Operational risks to the Bank.
  • Experience Required

    • Ideally 2+ years of operations/middle office experience covering relevant products.
    • University Degree in related discipline.
    • A good understanding of FICC Products - Interest Rate Swaps, Derivatives.
    • An understanding of front to back trade flow.

    Middle Office Analyst employer: MW Recruitment Limited

    As a leading banking institution located in the heart of the City, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee development and collaboration. Our Middle Office Analysts benefit from comprehensive training programmes, opportunities for career advancement, and a supportive environment that encourages innovation and teamwork. With a focus on work-life balance and competitive benefits, we offer a rewarding career path for those looking to make a meaningful impact in the capital markets.
    M

    Contact Detail:

    MW Recruitment Limited Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Middle Office Analyst

    ✨Tip Number 1

    Familiarise yourself with the specific FICC products mentioned in the job description, such as Interest Rate Swaps and Derivatives. Understanding these products will not only help you during interviews but also demonstrate your genuine interest in the role.

    ✨Tip Number 2

    Network with professionals already working in the middle office or related roles within capital markets. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could boost your application.

    ✨Tip Number 3

    Stay updated on current trends and changes in the banking and finance sector, particularly those affecting the FICC space. This knowledge can be a great conversation starter in interviews and shows that you are proactive about your professional development.

    ✨Tip Number 4

    Prepare to discuss your experience with trade discrepancies, reconciliations, and operational risk management. Be ready to provide examples of how you've handled similar situations in the past, as this will highlight your suitability for the role.

    We think you need these skills to ace Middle Office Analyst

    Trade Support
    Collateral Management
    Position Reconciliation
    P&L Reconciliation
    Trade Verification
    Trade Booking
    Risk Identification
    Operational Risk Management
    FICC Products Knowledge
    Interest Rate Swaps Understanding
    Derivatives Knowledge
    Attention to Detail
    Analytical Skills
    Communication Skills
    Problem-Solving Skills
    Team Collaboration
    Adaptability to New Technologies

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV highlights relevant experience in operations or middle office roles, particularly with FICC products. Use specific examples to demonstrate your understanding of trade support activities and any relevant technologies you've worked with.

    Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your 2+ years of experience and how it aligns with the responsibilities outlined in the job description. Be sure to include your understanding of trade discrepancies and reconciliations.

    Highlight Relevant Skills: When writing your application, emphasise skills that are crucial for the role, such as attention to detail, problem-solving abilities, and communication skills. These are essential for liaising with trade desks and clients effectively.

    Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your professionalism and attention to detail, which are vital in the banking sector.

    How to prepare for a job interview at MW Recruitment Limited

    ✨Know Your FICC Products

    Make sure you have a solid understanding of Fixed Income, Currencies, and Commodities products. Be prepared to discuss Interest Rate Swaps and Derivatives in detail, as this knowledge will be crucial for the role.

    ✨Demonstrate Problem-Solving Skills

    Since you'll be the point of contact for trade discrepancies and reconciliations, showcase your analytical skills. Prepare examples of how you've resolved similar issues in the past, highlighting your ability to think critically under pressure.

    ✨Familiarise Yourself with Trade Processes

    Understand the front-to-back trade flow and be ready to explain it during the interview. This will demonstrate your operational knowledge and show that you can effectively support the trading desks.

    ✨Show Enthusiasm for Technology and Innovation

    The role involves supporting new products and processes, so express your interest in technology and how it can enhance operations. Discuss any relevant experience you have with implementing new systems or processes.

    Middle Office Analyst
    MW Recruitment Limited
    M
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