Middle Office Operations Associate

Our client, a prominent financial services firm in Chicago, is seeking a Middle Office Operations Associate. The ideal candidate will have relevant experience from an institutional investment firm or large financial institution.

Responsibilities:

• Support various front office teams, counterparties and depositories to ensure all trades are processed, reconciled and settled in a timely and accurate manner
• Daily interaction with prime brokers and custodians, as well as internal business units (front office PMs, traders, accounting, compliance etc.)
• Manage daily cash flow, collateral and exposure
• Oversee provider reconciliations, trade settlements and end-of-day processing
• Collaborate with IT and business leaders to identify and implement new technology initiatives, ultimately providing optimal efficiencies for the business
• Maintain information related to investment strategies and ensure that the proper parties receive the relevant information
• Utilize trading system to perform accurate reconciliations; ensuring operational procedures and risk controls are met
• Perform daily position calculations, PnL reporting and reconciliation across various investment strategies
• Investigate and resolve trade breaks; execute proper confirmation of cash flows
• Participate on ad-hoc initiatives as required

Requirements:

• Bachelors degree in Finance, Accounting, Economics, Math/Statistics or Business-related discipline
• 1-3 years previous experience in investment management industry, preferably in an operational capacity (previous trade support experience a plus)
• Interest in financial services industry; passion for leveraging technology/database applications to improve processes and reporting procedures
• Technical proficiency in Microsoft Excel; advanced skills in SQL, VBA strongly preferred but not required
• Ability to work independently in a fast-paced dynamic; strong organizational skills and project management capabilities