Prime Brokerage Middle Office (PBMO) Specialist

UBS; Camden Town; On-site; GBP 60,000 - 80,000; Full time

Job summary

A global financial services firm in Camden Town is seeking a Middle Office Specialist to support front office functions, manage operational risk, and enhance client experience. The ideal candidate will have a background in Prime brokerage and risk management, along with strong analytical and problem-solving skills. Join a supportive team committed to inclusion and collaboration.

Benefits

Flexible working options

Opportunities to grow

Supportive team environment

Qualifications

• Understanding of Prime brokerage within a middle office and P&L control environment.
• Some knowledge of risk management within an equities environment.
• Good problem-solving skills with logical and realistic solutions.

Responsibilities

• Provide support for front office functions and operations.
• Conduct root cause analysis of break populations.
• Participate in risk review meetings to explain key risk metrics.

Skills

Analytical skills

Problem solving

Collaboration

Job description

Your role Are you inquisitive with an analytical and risk-aware mindset? Do you have a F2B controls background? We are looking for a Middle Office Specialist to:

Responsibilities

• Become a key team player within the Financing Middle office Trade Support team providing support for the front office functions (trading, sales, COO, Prime Broker account managers and clients), operations, and finance teams in managing the front to back operational risk. Partnering and collaborating with internal stakeholders on a day-to-day basis to assist problem solving and improve process efficiencies / automation. Be able to undertake exception Management tasks using vendor platforms to reconcile products traded by the desk and PB clients daily. Conduct root cause analysis of break population to sustainably drive down exceptions and risk. Investigate and collate responses to transactional risk, P&L, settlements, confirmations and IT queries. Escalate, prioritise workload and resolve risk exceptions on a timely basis.
• Participate in risk review meetings with operational risk, the business and COO to review and explain key risk metrics and trending.
• Work in the IB aligned Finance Middle office team in London with alignment to teams in India. The Middle Office team's primary control focus is to ensure the completeness and accuracy of transactions from front end risk management systems to downstream systems. Serve as the link between the front office, prime broker, other operations, and finance functions, and be involved in regulatory, client, and process improvement initiatives as required. Manage the operational risk of the Global Financing Services business and enhance the client experience.

Qualifications

Your expertise: Ideally some understanding of Prime brokerage within a middle office and P&L control environment. Some understanding of risk management within an equities environment. Some working knowledge of finance and cash equity products. Good problem solving skills with the ability to analyze and provide solutions: identify and examine problems to understand them, provide solutions for remediation which are logical, reasonable, and realistic. Clear communication style and escalation awareness. Collaboration across functions to deliver strategic projects and change.

About the Company

UBS is the world's largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors. We have a presence in all major financial centers in more than 50 countries. Join us At UBS, we know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We're dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. And we use artificial intelligence (AI) to work smarter and more efficiently. We also recognize that great work is never done alone. That's why collaboration is at the heart of everything we do. Because together, we're more than ourselves. We're committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.