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
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 understanding.
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.
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 are 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 dealing with 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 point of contact for various desks and clients, effective communication is key. Prepare to discuss how you've managed stakeholder relationships and communicated complex information clearly in previous roles.
✨Be Ready for Technical Questions
Expect questions about trade booking processes and collateral management. Brush up on your technical knowledge and be ready to explain how you would handle specific scenarios related to trade support activities.