Middle Office Operations Associate

About the role

The Middle Office Operations Associate will play a critical role in supporting daily operational processes across the trade lifecycle, including trade settlement, reconciliation, and cash management for diverse fund types across multiple custodians. This individual will bring a strong understanding of equity, derivative, and fixed income products, ensuring accurate and efficient trade execution and post-trade operations. The role demands a professional with close attention to detail and the ability to assist in optimizing trading workflows.

• Ensure that daily trading operations run smoothly, including support for derivative and cross-asset trading, managing collateral, and cash management activities.
• Ensure efficient and timely securities clearing, settlement, and reconciliation processes.
• Monitor trading workflows and enhance operational efficiency to minimize risk and errors.
• Ensure all trades are accurately recorded in relevant systems and that all discrepancies are promptly addressed.
• Collaborate with traders, portfolio managers, and back-office teams to ensure alignment in trading strategies and processes.
• Conduct regular reviews of trading systems, processes, and procedures to ensure compliance with internal policies and regulatory requirements.
• Manage cash flows and liquidity requirements to support trading activities.
• Develop and implement best practices for accounting, reporting, and reconciliation of trading activities.
• Analyze trade data and prepare reports to inform decision-making and optimize trade performance.
• Maintain up-to-date knowledge of market regulations, trading technologies, and financial products.
• Participate in the development and maintenance of trading team procedures documentation.
• Work closely with internal and external partners to ensure accuracy and transparency in reporting and reconciliation.

• Minimum of 3+ years of experience in the brokerage and/or financial advisory industries, with a solid working knowledge in derivatives, fixed income products, and securities clearing.
• Bachelor’s degree in Finance, Accounting, Economics, or a related field is preferred. An advanced degree or relevant certification (e.g., CFA, CPA) is a plus.
• Solid understanding of derivative trading, fixed income products, cash management, and clearing processes. Proficient in Excel and other Microsoft Office applications.
• Strong grasp of accounting principles, particularly in relation to trading and financial transactions.
• High degree of accuracy and thoroughness in managing trading operations and handling large volumes of financial data.
• Ability to quickly identify issues, analyze data, and implement effective solutions.
• Excellent verbal and written communication skills for collaborating with multiple custodial and fund accounting partners and presenting reports.
• Proven ability to work in a collaborative team environment while driving process improvements.

• Experience with trading platforms, order management systems (OMS), and post-trade processing.
• Familiarity with regulatory requirements related to trading activities.
• Experience working in a high-paced, deadline-driven environment.

We are prioritizing candidates who are located within proximity to Chicago, IL;
Milwaukee, WI;
Omaha, NE; and West Palm Beach, FL.

The pay range for this role is:

85, USD per year (Chicago)

85, USD per year (Hybrid (New York, New York, US))