Middle Office Analyst

Middle Office Analyst

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

At a Glance

  • Tasks: Support trading desks with trade discrepancies, reconciliations, and collateral management.
  • Company: Join a prestigious City-based banking institution at the heart of capital markets.
  • Benefits: Enjoy competitive pay, potential for remote work, and opportunities for professional growth.
  • Why this job: Be part of a dynamic team, enhance your skills, and make an impact in finance.
  • Qualifications: 2+ years in operations/middle office and a relevant university degree required.
  • Other info: Ideal for those passionate about FICC products and eager to learn in a fast-paced environment.

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. This knowledge 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. Being knowledgeable about recent developments can give you an edge in discussions during interviews.

    ✨Tip Number 4

    Prepare to discuss your experience with trade discrepancies, reconciliations, and operational risk management. Having concrete examples ready will showcase your expertise and readiness for the responsibilities outlined in the job description.

    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
    Communication Skills
    Problem-Solving Skills
    Analytical Skills

    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 is 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, especially Interest Rate Swaps and Derivatives. Be prepared to discuss how these products work and their relevance to the role.

    ✨Demonstrate Problem-Solving Skills

    Since the role involves handling trade discrepancies and reconciliations, be ready to share examples of how you've successfully resolved similar issues in the past. Highlight your analytical skills and attention to detail.

    ✨Showcase Your Communication Skills

    As a point of contact for various desks and clients, effective communication is key. Practice articulating complex concepts clearly and concisely, and be prepared to discuss how you manage stakeholder relationships.

    ✨Prepare for Scenario-Based Questions

    Expect questions that assess your ability to handle real-life situations, such as identifying risks or implementing new processes. Think of specific instances from your experience where you demonstrated initiative and sound judgement.

    Middle Office Analyst
    MW Recruitment Limited
    M
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