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 contribute to innovative financial solutions.
- Qualifications: 2+ years in operations/middle office and a relevant university degree required.
- Other info: Ideal for those passionate about finance and eager to learn in a fast-paced environment.
The predicted salary is between 36000 - 60000 £ per year.
A City based banking institution is 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
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
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 sector, especially those affecting the FICC market. 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 and reconciliations in detail. Be ready to provide examples of how you've handled similar situations in the past, as this will showcase your problem-solving skills and operational expertise.
We think you need these skills to ace Middle Office Analyst
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.
Showcase Your Educational Background: Mention your university degree in a related discipline prominently in your application. If you have taken any additional courses or certifications related to FICC products or financial markets, be sure to include those as well.
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, think of examples from your past experience where you've successfully resolved issues. Highlight your analytical skills and how you approach problem-solving.
✨Showcase Your Communication Skills
As a Middle Office Analyst, you'll need to liaise with various teams. Practice articulating your thoughts clearly and concisely. Be ready to explain complex concepts in simple terms, as effective communication is key in this role.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle real-life situations, such as trade verification or position reconciliations. Think through potential scenarios and how you would manage them, demonstrating your operational risk awareness.