Junior Middle Office Analyst

Moneyfarm; Lombardia; On-site; EUR 32,000 - 34,000; Full time

Benefits offered by this job

Private healthcare insurance

Meal vouchers €7

Zero-fee investments for employees

Vibrant, international workplace

Job summary

Moneyfarm is seeking a detail-oriented Junior Middle Office Analyst to support its growing trading team in Milan or London. You will assist with order routing, execution, and monitoring across Discretionary Portfolio Management and Execution-Only lines, while preparing reports and onboarding new financial products.

The role requires a quantitative degree, strong Excel, Python and SQL skills, familiarity with ETFs, and fluency in English.

Qualifications

• Bachelor’s or Master’s degree in a quantitative, scientific, or financial discipline.
• Good understanding of functioning of financial markets.
• Good knowledge of ETFs.
• Advanced MS Excel skills (data manipulation, financial modeling formulas).
• Working knowledge or academic experience in Python and SQL for data analysis and scripting.
• Exposure to Bloomberg Terminal or Refinitiv/Eikon is advantageous.

Responsibilities

• Assist with order routing, monitoring, and execution across DPM and XO business lines.
• Provide trading desk coverage during holidays and peak trading windows.
• Prepare TCA reports and assemble board packs for Best Execution Committee.
• Support ad-hoc reporting for internal and external stakeholders.
• Assist in setup and onboarding of new financial products.
• Use Python and SQL tools to monitor trading activity and resolve inquiries.
• Maintain daily communication with market counterparties and custodians.
• Facilitate daily trade matching, affirmation, and settlement instruction dispatch.

Skills

ETFs knowledge

Attention to detail

Numerical aptitude

Clear communication

English fluency

Education

Bachelor’s or Master’s degree in a quantitative, scientific, or financial discipline

Tools

Python

SQL

Excel

Bloomberg Terminal

Refinitiv Eikon

Job description

Who we are:

We are a rapidly growing pan-European digital wealth manager, serving over 170,000 active investors with more than £7.5 billion invested on our platform. We began in Milan in 2011 with the purpose to help more people improve their financial well-being by making personal investing simple and accessible through technology. Fast forward to today, and we are recognised as one of the most innovative fintechs, headquartered in the heart of London.

With a team of 220+ people across 4 offices in Italy and the UK, we are proudly backed and funded by major partners including Poste Italiane, Cabot Square Capital, United Ventures, and Allianz.

Our vision

Our vision is to combine passion, expertise, and technology to provide best-in-class investment solutions and advice that protects and grows client wealth over time.

Our Core Values:

• Relationships are our first asset: We’re one team, built on trust, honesty, and transparency. We value our relationships above all else.
• Trust drives success: We give each other the space to grow. We empower our employees to succeed, so they can make a real impact.
• Our customers dream big, just like us: We see the bigger picture and we make sure our customers see it, too. We’re always focused on the best outcomes for our clients and for each other, no matter what the goal, or how big the dream

What this means in practice:

At Moneyfarm, our success comes from the impact each of us makes. We move with purpose, urgency, and ambition, focused on delivering outcomes that matter for our clients and our business. Everyone is empowered to take ownership, challenge the status quo, and turn bold ideas into results. As we evolve, we embrace AI as a catalyst for sharper thinking, smarter decisions, and even greater impact.

Our diversity makes this possible. Different perspectives, backgrounds, and experiences fuel our creativity and drive better decisions — it’s our competitive edge. We value people for who they are and their unique strengths: that's why we offer flexible ways of working to support them in doing their best work.

Candidates who belong to 'Categoria protetta' (Legge 68/99) are more than welcome!

About the role

We are seeking a detail-oriented Junior Middle Office Analyst to support our new trading team.

Main responsibilities:

• Trading/Execution
  • Assist with order routing, monitoring, and execution across Discretionary Portfolio Management (DPM) and Execution-Only (XO) business lines.
  • Provide trading desk coverage and order execution support during team holidays and peak trading windows.
  • Assist in monitoring execution quality, preparing Transaction Cost Analysis (TCA) reports, and assembling board packs for the Best Execution Committee.
  • Support ad-hoc reporting requests for internal and external stakeholders.
  • Support the setup and instrument onboarding processes for new financial products.
  • Utilise internal Python and SQL tools to monitor trading activity and resolve complex client execution inquiries.
  • Maintain daily operational communication with market counterparty, brokers, and custodians.
• Middle Office, Treasury & Settlements
  • Facilitate daily trade matching, affirmation, and settlement instruction dispatch to custodians.
  • Execute daily treasury operations, including bank payment processing, liquidity transfers, and ledger maintenance.
  • Proactively investigate and resolve daily cash, stock, and position reconciliation breaks with back-office teams.
  • Monitor trade settlement status and liaise directly with counterparties to resolve failed trades or operational exceptions.
  • Track and manage corporate action notifications to ensure accurate position adjustments in client accounts.
  • Assist back-office teams with trade-related calculations and adjustments.

Requirements

• Education & Technical Skills
  • Bachelor’s or Master’s degree in a quantitative, scientific, or financial discipline (e.g., Computer Science, Economics, Mathematics, Engineering, or Finance).
  • Good understanding of functioning of financial markets
  • Good knowledge of ETFs
  • Advanced MS Excel skills (data manipulation, financial modeling formulas).
  • Working knowledge or academic experience in Python and SQL for data analysis and scripting.
  • Exposure to financial market data terminals (Bloomberg Terminal or Refinitiv/Eikon) is advantageous.
• Competencies & Mindset
  • Exceptional attention to detail and strong operational risk awareness when handling financial transfers.
  • Strong numerical aptitude and logical problem‑solving skills.
  • Clear communication skills for effective stakeholder management across front, middle, and back‑office teams.
  • Proactive interest in automating operational workflows using technical scripting.
• Fluent in English
• Based in Milan or London

Level & Compensation:

We will apply CCNL Credito with a estimated base salary (RAL) for this role ranges from €32.000 to € 34.000 gross per year plus bonus, commensurate with the candidate's experience and skills.

Benefits

• Competitive salary package with discretionary bonus.
• Private healthcare insurance.
• Meal vouchers (Ticket Restaurant) of €7.
• Zero-fee investments on the Moneyfarm platform for all employees.
• A vibrant, supportive and international workplace culture.