What are the responsibilities and job description for the Middle Office Trade Operations position at Open Systems Technologies?
The Middle Office team manages key operational processes across the trade lifecycle including: Trade Capture, Matching, Settlement, Accounting Integration, Pricing and Corporate Action processing. A Middle Office Analyst will primarily be responsible for supporting daily client trade activity across a wide range of asset types including listed equities, fixed income, and derivative instruments. Key responsibilities may consist of:
• Perform time-critical functions daily, which require gathering and verifying information from various sources in a fast-paced and high volume environment.
• Ensure daily reporting provided to relevant Oversight teams accurately reflects trade data and provides sufficient commentary.
• Work closely with multiple external and internal parties to identify and resolve transaction discrepancies, including unmatched and failed trades, pricing discrepancies, dividend/coupon variation, foreign exchange and derivatives contracts, account overdrafts, and bank wires.
• Perform monthly, quarterly, annual, and ad hoc reporting for internal and external clients. Assist clients with any follow-up questions that may arise.
• Research and resolve a variety of issues that may be complex in nature.
• Ongoing review of existing processes to identify potential improvements to create new efficiencies and increase quality and controls.
• Work on holidays may be required.
Minimum Required Qualifications
• Bachelor's Degree in Accounting/Finance or equivalent experience
• 1 – 3 years related financial industry experience
• Demonstrated ability to solve complex problems and drive solutions
• Strong interest and willingness to learn in the financial services industry
• Excellent verbal and written communication skills
• Track record of attention to detail and accuracy
• Ability to identify and prioritize tasks appropriately
Qualifications:
• Working knowledge of various security types; equity, debt, private instruments, derivatives, etc.
• 40 ACT mutual fund experience (back or middle office operations preferred)
• Experience with SWIFT messaging formats
• Proven ability to maintain a customer service focused attitude in a high pressure environment
• Ability to work independently within established guidelines and strict operational controls
