Middle Office Associate

Invenire Group; Amsterdam; On-site; EUR 60,000 - 90,000; Full time

Job summary

Invenire Group seeks an Associate to join its Middle Office team in Amsterdam. You will identify and reconcile trade, position and cash breaks while collaborating with trading desks, clearing firms and brokers.

You will own daily P&L substantiation and support month-end close with the Finance team. Ideal candidates have a Bachelor’s in Finance/Economics/Accounting, ~5 years of relevant experience, and familiarity with derivatives.

Qualifications

• Bachelor’s Degree in Finance, Economics and Accounting is preferred.
• 5 years of working experience in a similar Middle Office or related role at financial institutions.
• Experience with derivatives and options products is highly desirable.
• Basic Python and SQL skills are preferred.
• Strong English communication and problem-solving abilities.

Responsibilities

• Identify, investigate, and reconcile trade, position, and cash breaks.
• Own the daily P&L substantiation, reconciliation and daily management reporting.
• Reconcile trading fees with exchanges and clearing brokers.
• Process invoices and manage discrepancies directly with brokers/exchanges.
• Ensure Middle Office processes are efficient via continuous review and improvements.
• Collaborate with IT teams on specifications and improvements to Middle Office applications and tools.
• Provide operational support to trading desks and other stakeholders.
• Support month-end accounting in collaboration with the Finance team.

Skills

Python

English

Problem solving

Communication

Education

Bachelor's degree in Finance/Economics/Accounting

Tools

SQL

Job description

Our client, a global proprietary trading firm, is seeking an Associate to join their Middle Office team. In this role, you will identify, investigate and reconcile trade, position and cash exceptions, working directly with trading desks, clearing firms, exchanges and brokers. You’ll have the unique opportunity to work side-by-side with Traders while building a high-level understanding of the business through daily, cross-functional relationships. As part of a collaborative team of smart, technically strong individuals, you’ll continue to develop your skills and broaden your knowledge of financial markets as the business grows and evolves.

Your Core Responsibilities

• Identify, investigate, and reconcile trade, position, and cash breaks
• Own the daily P&L substantiation, reconciliation and daily management reporting
• Reconcile trading fees with exchanges and clearing brokers
• Process invoices and manage any discrepancies directly with brokers/exchanges
• Ensure all current Middle Office operations processes and procedures are the most efficient and effective via continuous review
• Collaborate with the Back Office/Business Intelligence IT teams on specifications and improvements to Middle Office applications and tools
• Provide operational support to a wide range of trading desks
• Perform ad hoc portfolio analysis and project work as needed
• Arrange cash transfers to meet funding requirements
• Work with the Finance team on month-end accounting

Your Skills and Experience

• Bachelor’s Degree in Finance, Economics and Accounting is preferred
• 5 years of working experience in a similar role at an Investment Bank, Pension/Hedge Fund, Asset Management
• Accounting/Finance experience is highly desirable
• Experience with derivatives & options products is highly desirable
• Basic Python (coding) skills and SQL skills are preferred
• Experience with trade settlement with clearing firms, or processing invoices is desirable
• Motivated, proactive and with the ability to adapt and embrace new technologies
• Strong problem-solving skills, and proven track record of improving processes
• Tenacious, dynamic and curious personality with strong interpersonal skills
• Excellent written and verbal communication skills in English