Equity Middle Office Associate in London

Equity Middle Office Associate in London

London Full-Time 63000 - 77000 £ / year (est.) Home office (partial)
S

At a Glance

  • Tasks: Support trade workflows and ensure data accuracy in a fast-paced environment.
  • Company: Join Schonfeld, a leading global multi-manager hedge fund in London.
  • Benefits: Competitive salary, learning opportunities, and a collaborative culture.
  • Other info: Dynamic team environment with opportunities for growth and innovation.
  • Why this job: Make an impact in finance while developing your skills with industry experts.
  • Qualifications: Bachelor's degree in Finance or related field; experience in Operations preferred.

The predicted salary is between 63000 - 77000 £ per year.

We are seeking a highly analytical, detail oriented professional to join the team as an Associate in our Equity Middle Office at Schonfeld in our London office, supporting trade workflows across the OTC product space. You will be working with an experienced Operations team to implement best in class operational policies and procedures. You will have a keen attention to detail, a data integrity mindset and be someone who thrives off learning new skills and challenging yourself. You will be a natural team player who can use their strong interpersonal skills to demonstrate excellent written and verbal communication.

What you’ll do:

  • Process trade bookings and lifecycle events for OTC products (IRS, CDS, FX, FX Options, Bond TRS, Equity TRS, Div Swaps, OTC Options and Vol & Var Swaps).
  • Trade affirmations and paper confirmations for OTC derivatives, with daily liaison with executing brokers and counterparties.
  • Static data management for OTC products.
  • Ensure trade flow is accurately processed across all systems, including lifecycle events such as resets, fixings and terminations.
  • Affirm cash settlement amounts and process cash wires for OTC products.
  • Work closely with trading desk, PMs and technology teams.
  • T0 trade matching using MTM, Markitwire and PB portals.
  • T0 recs and ad-hoc requests across OTC asset classes.
  • Support data accuracy to trading desk and PMs, through various reporting tools (P&L, NAVs, positions etc.).
  • Support with swap resets, dividend accruals, and margin/collateral queries.

What you’ll bring:

  • A bachelor's degree in Finance, Business Administration or related degree.
  • Experience in Operations; buy-side experience at a hedge fund with direct exposure to traders/PMs preferred.
  • Strong working knowledge of OTC derivative products such as IRS, CDS, Bond TRS, Equity TRS, Div Swaps, OTC Options, and Vol/Var Swaps.
  • Experience with various Prime Broker, executing broker and FCM web portals and reporting.
  • Capable of setting priorities and carrying multiple tasks in a fast-paced environment with strong attention to detail and the ability to adapt.
  • Eagerness to learn and contribute to support both the broader operations team and firmwide initiatives.
  • Strong sense of accountability and ownership, with a track record of delivering results.
  • Solid communicator with excellent interpersonal skills, with an aptitude towards client service.
  • Enjoys working with people who challenge you and make you better at what you do.
  • Advanced Excel skills – vlookups, pivots, etc.

We’d love if you had:

  • Experience working in a multi strategy, multi PM fund structure.
  • Experience with Markitwire, Enfusion, Geneva, and EMS platforms.
  • Experience with Macros/VBA preferred.
  • Python/SQL familiarity a plus.

Schonfeld is a global multi-manager hedge fund that strives to deliver industry-leading risk-adjusted returns for our investors. We leverage both internal and external portfolio manager teams around the world, seeking to capitalize on inefficiencies and opportunities within the markets. We draw from decades of experience and a significant investment in proprietary technology, infrastructure and risk analytics to invest across four main strategies: Quant, Tactical, Fundamental Equity and Discretionary Macro & Fixed Income.

At Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls.

Equity Middle Office Associate in London employer: Schonfeld

At Schonfeld, we pride ourselves on being an exceptional employer that invests in the growth and development of our interns. Located in the vibrant city of London, our DMFI Risk Analyst Summer Internship offers a unique opportunity to work alongside industry leaders, engage in meaningful projects, and develop valuable skills in a supportive and collaborative environment. With a strong focus on innovation and teamwork, we empower our interns to make a real impact while fostering a culture of continuous learning and professional growth.

S

Contact Details:

Schonfeld Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Equity Middle Office Associate in London

Tap into Campus Networks

If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.

Get Certified

Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.

Connect on Professional Platforms

Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.

Apply Directly and Be Proactive

Don’t shy away from reaching out directly to firms like Schonfeld. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.

We think you need these skills to ace Equity Middle Office Associate in London

Analytical Skills
Attention to Detail
Knowledge of OTC Derivative Products
Trade Processing
Static Data Management
Communication Skills
Interpersonal Skills

Some tips for your application 🫡

Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.

Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Schonfeld.

Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.

Research and Reflect:Before hitting that 'apply' button on Schonfeld's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!

How to prepare for a job interview at Schonfeld

Brush Up on Financial Analysis Skills

Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Schonfeld.

Prepare for Case Studies

Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.

Show Your Passion for Finance

Since this is a full-time position, employers at Schonfeld will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.

Network with Industry Professionals

Before your interview, reach out to current or former Schonfeld employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.