Specialist Credit, Discretionary Middle Office

About Man Group

Man Group is a global alternative investment management firm focused on pursuing out performance for sophisticated clients via our Systematic, Discretionary and Solutions offerings. Powered by talent and advanced technology, our single and multi-manager investment strategies are underpinned by deep research and span public and private markets, across all major asset classes, with a significant focus on alternatives. Man Group takes a partnership approach to working with clients, establishing deep connections and creating tailored solutions to meet their investment goals and those of the millions of retirees and savers they represent.

Headquartered in London, we manage $253.6 billion
* and operate across multiple offices globally. Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information can

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* As at

Purpose of Role

The Public Markets Credit Middle Office team is responsible for security pricing controls, NAV calculations, fee modelling, and portfolio rebalancing across Feeder/Master/Multi-Book structures. The team also sets trading levels and instructs FX hedges related to client capital flows across Man's Public Markets Fixed Income/Credit Funds.

The Specialist Credit, Discretionary Middle Office will play a key role in supporting the integrity of the firm's capital and portfolio records, providing management information to asset managers, and maintaining oversight of external fund administrators. The role requires close collaboration with Front Office, Operations, Finance, Compliance, and Technology teams, while actively contributing to operational change and process improvement initiatives.

Specific Responsibilities

Credit Fund Operations

• Review and analyse a broad range of fixed income securities and derivatives — including credit default swaps, bonds, loans, and other fixed income instruments — with a focus on pricing accuracy and P&L calculations
• Perform fixed income-specific valuations, including yield curve analysis, duration calculations, and credit spread assessments
• Calculate Net Asset Value (NAV) of funds on a daily, weekly, and monthly basis; verify accrued income and expenses; and provide intra-NAV estimates to the business as required
• Review and analyse fund profit and loss accounts on a daily basis and report performance findings to the Asset Manager
• Liaise with fund administrators to reconcile final fund NAVs and resolve discrepancies in a timely manner
• Ensure the quality and effectiveness of pricing governance and controls through ongoing risk identification, mitigation, and clear documentation of any enhancements to the framework
• Manage and coordinate new fund launches, closures, and significant cash flows (inflows/outflows), ensuring operational readiness and accuracy of records
• Support the Discretionary business through complex transactions, liaising with Front Office, Operations, Compliance, and other internal teams as required
• Attend and contribute to meetings with external administrators and internal pricing committees
• Utilise internal tools and databases to deliver fixed income reporting and analytics
• Contribute to process improvement and automation initiatives specific to fixed income fund operations

Stakeholder Engagement

• Build and maintain strong working relationships with key internal stakeholders, including Operations, Finance, Management, Business COOs, and Technology leads
• Support new business initiatives, fund transitions, and migration projects, ensuring smooth operational execution
• Represent the Middle Office team on broader Man Group projects, such as trading system enhancements and regulatory change integration
• Prepare and…