OTC Middle Office Analyst M/F

Summary

Trade processing and lifecycle management of OTC derivatives, including performance swaps used in synthetic ETFs.

Reconciliation, monitoring and control frameworks for clients’ assets.

Key Responsibilities

• Trade Processing:
  • Process OTC derivative trades from execution through confirmation and settlement.
  • Perform daily matching/pre-matching (cash, balances, confirmations, and SSIs) and resolve discrepancies with counterparties.
  • Ensure accurate trade capture, booking, matching, and confirmation of derivative trades.
  • Monitor trades throughout the trade lifecycle.
  • Oversee cashflows, coupons and corporate actions related to swaps and associated events.
  • Track and manage lifecycle events: initiation, roll, unwind, nominal increase, etc.
  • Coordinate settlement instructions, manage pending issues and resolve settlement-related anomalies, including cash discrepancies and settlement issues.
  • Handle collateral management and margin activities with counterparties.
  • Validate operations and models in internal tools including data quality, controls, etc.
  • Investigate and elevate trade breaks, static data issues, and trade discrepancies where needed.
  • Follow up on incidents, contribute to their resolution and propose process improvements (reduction of breaks).
  • Maintain accurate records and audit trails for all processed trades.
  • Support regulatory filings.
• Portfolio Admin & Reporting:
  • Perform daily and monthly reconciliations in ALTO covering cash, securities, OTC derivative trades, positions and cash flows against custodian records.
  • Perform daily reconciliation between the futures clearer and ALTO and instruct margin movements.
  • Perform account reconciliations with Fund Accountant on a daily and monthly basis.
  • Follow up with custodians and the Fund Accountant on outstanding matters through to resolution.
  • Provide reports to internal and external stakeholders.
  • Maintain and update KPIs and middle office procedures/workflows.
  • Manage process improvements and automation opportunities.
  • Support regulatory filings.
  • Coordinate audits and regulatory inspections.
  • Project management.

Products covered : IRS, asset swap, caps & floors, inflation swaps, swaptions, CC swaps and swap ETFs.