SENIOR ASSOCIATE - Middle Office
Australia Shift
The successful candidate will join the Middle Office team as a Senior Associate and will be closely working with Client Service Managers based in Middle East/Europe/Singapore/US regions in connection with the performance of duties related to the Middle Office Reconciliation process. Candidate should possess a good understanding about Capital Market, Derivatives, Corporate Actions, and Hedge/Mutual Funds. Good knowledge in Financial Products are required.
Reporting
The position reports to AVP – Middle Office
Key duties and responsibilities
- Responsible to book daily trades into Middle office system.
- Prepare Cash/Position/Market Value Reconciliations and resolving breaks. Notify Clients/CSMs of valid breaks. If any breaks are due to an erroneous or missing transaction in Accounting system, then make necessary adjustments.
- Review Reconciliation and provide sign off to client.
- Process Trade affirmation and confirmation.
- Reviewing the corporate actions booked in the system and ensuring that the same is correctly reflected in the books. Dividends/Interest Reconciliation with Broker reports
- Independently price the Investment positions on a daily & monthly basis.
- Responsible for accruing/amortizing daily or monthly non-security related Fee accruals
- Review the PNL before delivering the report to client.
- Process non-automated transactions including OTC derivatives and their related cash movements.
- Effective communication with clients on daily reporting of Reconciliation/Query resolutions.
- Checking that all OTC products traded by the client have been booked correctly.
- Support operations on projects related to Automations/Work migrations/Conversions etc.
- Support global changes in Key operating procedures and implementation.
- Coordinating with Internal/External Stake holders such as Securities/Trades and Pricing Team, Reporting Team, Client Service Managers and Clients.
- Ensure to get cross trained within process and transfer the Knowledge between the team.
Skills Required
- Experience working with an investment management or finance-related firm.
- Good knowledge of the investment industry with 5+ Years in Hedge/Mutual Fund administration or related industry experience.
- Familiarity with Calypso/Paxus will be an added advantage.
- An ability to think critically and objectively.
- Experience with reconciliation and break resolution and, with demonstrated attention to detail and accuracy, analytical, technical, organizational, and problem-solving skills.
- Proficiency in advanced Excel functions.
- Excellent communication and inter-personal skills.
- Work additional hours as needed.
Qualification and Experience:
- Post graduate in Commerce, MBA Finance, CA/CMA/CFA
- Minimum 5-8 years of Hedge/Mutual Fund reconciliation, Trade Recon and break resolution experience.
What you will get in return:
- A genuinely unique opportunity to be part of an expanding large global business
- Exposure to all aspects of the business, cross-jurisdiction and to working with senior management directly