Middle Office Analyst

Middle Office Analyst

Birmingham 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 empowers our employees to thrive. With a strong focus on professional development, we offer numerous growth opportunities and support for continuous learning, ensuring that our Middle Office Analysts are well-equipped to excel in their roles. Our commitment to innovation and collaboration not only enhances the trading experience but also positions us as an employer of choice for those seeking a rewarding career in 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

    Brush up on your knowledge of trade discrepancies and reconciliation processes. Being able to discuss these topics confidently will show your preparedness for the day-to-day responsibilities of the role.

    ✨Tip Number 4

    Stay updated on the latest trends and technologies in the banking sector, especially those affecting middle office operations. This knowledge can set you apart from other candidates and demonstrate your commitment to continuous learning.

    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
    Attention to Detail
    Communication Skills
    Analytical Skills
    Understanding of FICC Products
    Knowledge of Front to Back Trade Flow
    Problem-Solving Skills
    Adaptability

    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.

    Showcase Relevant Skills: Highlight skills that are crucial for the role, such as attention to detail, problem-solving abilities, and communication skills. Provide examples of how you've successfully managed trade discrepancies or collaborated with trading desks in the past.

    Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your professionalism and attention to detail, which is essential 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. This will show that you grasp the operational aspects of the role and can effectively support the trading desks.

    ✨Highlight Your Teamwork Experience

    Collaboration is key in a middle office role. Share experiences where you've worked closely with trading desks, back office teams, or clients to resolve issues or implement new processes, demonstrating your ability to work well in a team environment.

    Middle Office Analyst
    MW Recruitment Limited
    M
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