Middle Office Associate

Middle Office Associate – Overview

The Middle Office Associate will play a key role in supporting daily operations within the Hedge Fund. This permanent role requires meticulous attention to detail and a strong understanding of middle office functions. Ideally, a candidate from a hedge fund would suit this.

This opportunity is with a well-established and reputable hedge fund firm that operates within the banking and financial services sector. As part of a medium‑sized organisation, the company is committed to delivering excellence in its field and fostering professional growth for its employees.

Job Description

The firm is seeking an analyst for our Treasury & Middle Office team. The group is responsible for managing all trade management and financing needs. As a key member of the team, the role involves working closely with our investment team and partnering with other areas, including risk management, fund controllers and technology.

London, UK

• Support the firm’s efforts to invest in convertible arbitrage, credit, volatility arbitrage, equity derivative and credit derivative markets.
• Develop a deep knowledge and understanding of the firm’s investment process and technology platform.
• Liaise with counter parties to arrange trade settlements and confirmations.
• Support the daily trade capture process, primarily spanning EMEA and APAC trading.
• Use execution and settlement platforms such as FED, DTC, Bloomberg SEF, Market Axess, and ICE Clear.
• Work hand‑in‑hand with traders, portfolio managers and research analysts to manage the execution of complex corporate actions (refinancings, exchanges, acquisitions, etc.) among our portfolio companies, arrange third‑party documentation, communicate with counter parties to ensure timely settlement and engage controllers internally on P&L recognition of such events.
• Create and maintain security set‑ups spanning all asset classes and engage trading desk and risk‑management teams to ensure data propagates downstream to all applications for reporting and investment screening.
• Review and monitor daily cash and position reconciliations.
• Manage cash and collateral, including FX exposure monitoring.
• Serve as a liaison between our investment team and prime brokers to secure stock borrows.

• Experience:
  
  1‑3 years of work experience in a similar role, ideally with a multi‑strategy or credit hedge fund.
• Strong intellectual capacity:
  Must hold a degree (2.1 or above) from a Russell Group or Oxbridge‑calibre university. Demonstrable understanding of trading, capital markets and credit derivatives.
• Financing acumen:
  Understanding of financing solutions for hedge funds.
• Organisational skills:
  Excellent ability to manage multiple tasks.
• Meticulous attention to detail:
  Commitment to precision and disciplined processes.
• Effective communication:
  Strong verbal and written communication skills to engage with internal and external stakeholders.
• Collaborative and adaptable team player:
  Excels in a dynamic, global team environment.
• Entrepreneurial mindset:
  Brings energy, intellectual curiosity and dedication to driving results.

The fund is only looking for the highest calibre candidates with top degrees from good universities and accompanies 1‑3 years experience in a similar role and similar firm.

• Permanent role in a high‑calibre hedge fund, based in London.
• Small team, so the role is really interesting, varied and with lots of visibility.
• Competitive salary ranging from GBP 90,000 to GBP 110,000 + bonus.
• Opportunities for professional development and career progression.
• Comprehensive benefits package (details to be discussed during the interview process).

Please only apply to this if you fulfil the education and minimum experience within a similar firm. This role does not offer sponsorship. This is an excellent role and company for the right candidate and Michael Page is delighted to be working on this with an excellent local hedge fund.