Financial Middle Office Manager

Description

Summary:

The Financial Middle Office Manager leads the Financial Middle Office team responsible for supporting OTC derivatives and securities trading. This role ensures accurate trade capture, lifecycle management, and reconciliation across multiple asset classes, while maintaining strict compliance with regulatory requirements such as Dodd-Frank and CFTC rules. The manager will collaborate with Front Office, Risk, Compliance, and Back Office teams to resolve trade discrepancies, oversee operational controls, manage front office system data flows and model calibrations, and deliver timely reporting.

Key responsibilities include driving automation initiatives, mentoring staff, and presenting operational metrics to senior management. The ideal candidate brings extensive experience in capital markets operations, deep knowledge of derivatives trade lifecycle, regulatory frameworks, and proficiency with trade capture and reconciliation systems. Strong leadership, analytical skills, and stakeholder management are essential for success in this fast-paced environment.

Duties and Responsibilities:

+ Lead the Middle Office team supporting OTC derivatives trading within a registered Swap Dealer framework and securities trading withing a registered broker dealer, fostering a culture of operational excellence, regulatory compliance, and continuous process improvement.

+ Ensure robust trade capture, validation, and lifecycle management (including amendments, allocations, terminations, and novations) across interest rate, credit, FX, and equity derivatives.

+ Partner with Front Office, Risk, Compliance, and Back Office to ensure timely resolution of trade discrepancies, breaks, and exceptions, with a strong emphasis on control and governance.

+ Oversee reconciliation of positions, cash, and collateral, ensuring alignment with Dodd-Frank Act requirements and CFTC regulations, including real-time reporting obligations (e.g., SDR reporting).

+ Maintain and enhance operational controls to support regulatory obligations such as swap data accuracy, confirmation timeliness, and margin compliance under uncleared margin rules (UMR).

+ Deliver high-quality service to internal stakeholders and external counter parties, ensuring adherence to ISDA documentation standards and industry best practices.

+ Prepare and present operational metrics, exception reports, and risk indicators to senior management, contributing to strategic initiatives and regulatory audits.

+ Mentor and develop junior staff, promoting a collaborative and accountable team environment.

+ Drive automation and digital transformation initiatives to improve trade processing efficiency, reduce operational risk, and enhance data transparency.

Basic Qualifications:

+ 10 or more years of experience in capital markets operations, with a focus on OTC derivatives and middle office functions.

+ 5 or years of direct team management experience, within a Swap Dealer or similar regulated entity.

+

Experience with trade lifecycle events, ISDA protocols, and regulatory frameworks including CFTC, NFA, and Dodd-Frank.

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Experience with trade capture systems (e.g., Markit Wire, DTCC Deriv

SERV, Calypso, Murex) and reconciliation platforms.

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Experience with operational risks.

+ Experience communicating with stakeholders and interfacing across trading desks, compliance, and technology.

Preferred Qualifications:

+ Proficiency in data analytics tools and automation technologies to drive operational improvements.

+ Ability to thrive in a fast-paced, high-volume trading environment with a strong attention to detail and organizational discipline.

+ analytical and problem-solving skills

Exempt Status: (Yes    = not eligible for overtime pay) (No   = eligible for overtime pay)

Yes

Workplace Type:

Office

Our Approach to  Office  Workplace Type

Certain positions outside our branch network may be eligible for a flexible work arrangement. We're combining the best of both worlds:  in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for…