Equity DerivativesCFD Operations Analyst (Middle Office)

Deloitte - Recruitment; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

An investment banking recruitment firm is looking for an Equity Derivatives / CFD Operations Analyst to join their dynamic Operations team in London. The successful candidate will manage risk and P&L for equity derivative trading accounts, handle client queries, and perform trade reconciliations. The ideal applicant will have proven experience in Middle Office roles, especially with CFDs and synthetic equity products. Excellent communication and client service skills are essential.

Qualifications

• Proven Middle Office experience supporting equity derivative products.
• Hands-on experience in Synthetics Equity and an understanding of synthetic positions.
• Excellent client service skills in a fast-paced Operational role.

Responsibilities

• Support the SPG Trading Desk and manage risk & P&L.
• Handle incoming queries from clients and internal departments.
• Perform trade and risk reconciliation, ensuring accuracy.

Skills

CFD (Contract for Difference)

Middle Office

Synthetics Equity

Equity Derivatives

Global Markets

Tools

Automation Testing

Business Objects

Job description

Contract Role: Equity Derivatives / CFD Operations Analyst (Middle Office)

Contract Location: London onsite full time Monday to Friday 08:30 - 18:30hrs

Contract Duration: 6 months initially (PAYE inside IR35)

Contract Start: 5th January 2026

This is an exciting opportunity to join Deloitte Operations for an engagement with one of our premiere Investment banking clients.

Operations is a dynamic multi-faceted division that partners with all parts of the firm to provide banking securities and asset management services to clients around the world. Operations provides essential risk management and controls to preserve and enhance the firm’s assets and its reputation. For every new product launched and every trade executed it is Operations that develops and manages the processes and controls that enable business flow.

Prime Services in Europe provides front‑to‑back post‑execution support to all equity‑based derivative activity for the Synthetic Products Group (SPG). The Middle Office function is a smaller area within the wider department and has critical focus on front‑office day‑to‑day risk and trading issues, client queries, corporate actions processing and strategic firm‑ and business‑infrastructure projects.

The Role

We are looking for an experienced Equity Derivatives / CFD Operations Analyst (Middle Office) to join our Synthetic Client Middle Office within a leading Global Markets environment. This role is suited to someone with hands‑on experience in equity derivatives, CFDs (Contract for Difference) and synthetics equity products. Successful candidates will have the opportunity to use their skills to partner with the Securities Division and facilitate the growth of the Equities Prime Businesses.

Responsibilities

• The role will give you an opportunity to work in one of the fastest growing teams in Operations. The Synthetic Client Middle Office primary responsibility is to support the SPG Trading Desk and its clients.
• Actively manage risk & P&L for all clients’ equity derivative trading accounts.
• Trade management: timely allocation of a high number of synthetic trades & associated hedges across several flows & resolution of any resulting economic breaks.
• Query management: efficient handling of incoming queries from clients, custodians, PB sales, trading desks & other internal clients.
• Reconciliation: trade reconciliation, risk reconciliation and completion of tasks associated with control around the business.

Identification of areas for improvement in processes

• Documentation of procedures and process flows to help enhance our controls around the business.
• Daily review of control reports to ensure all trade bookings and risk management are accurate.
• Liaising with other teams to ensure timely resolution of queries.

Required Skills and Experience

Primary product experience must be CFDs (Contracts for Difference) including:

• Trade management: Timely allocation of a high number of synthetic trades & associated hedges across a number of flows & resolution of any resulting economic breaks.
• Query management: Efficient handling of incoming queries from clients, custodians, PB sales, trading desks & other internal clients.

Hands‑on experience in Synthetics Equity and an understanding of how synthetic positions affect risk, P&L and exposure.

• Proven Middle Office experience supporting equity derivative products.
• Global Markets operations experience gained within a major investment bank or prime brokerage environment.
• Excellent client service skills with experience gained within a fast‑paced Client Service / Operational role.
• Strong team‑working skills for working with both internal departments in London and globally.
• Excellent communication and interpersonal skills.
• Ability to thrive under pressure.

Required Skills

CFD (Contract for Difference) | Middle Office | Synthetics Equity | Equity Derivatives | Global Markets

Key Skills

• Automation Testing
• Bid
• Brand Marketing
• Business Objects
• Inventory Management

Employment Type: Full Time

Experience: Years

Vacancy: 1