OTC Middle Office Analyst M/F

Amundi; Hinoba-an; On-site; PHP 1,200,000 - 1,800,000; Full time

Job summary

Amundi is seeking an experienced Middle/Back-Office professional in Hinoba-an, Philippines, to manage trade processing for OTC derivatives including IRS, swaptions and related products. You will perform lifecycle management, reconciliations, and collateral activities while ensuring data quality and regulatory readiness.

The role requires 7–8 years of relevant experience, strong Excel/VBA skills, and effective stakeholder communication.

Qualifications

• 6–10 years of relevant middle/back-office experience.
• Strong understanding of OTC derivatives, especially swaps.
• Experience with trade processing, confirmations and settlement workflows.
• Experience with reconciliations of trades, cash and positions.
• Independent and proactive with ability to multi-task under pressure and solve problems.
• Strong verbal and written communication and stakeholder management skills.
• Strong technical skills in Excel; VBA macros and AI tools are a plus.

Responsibilities

• Process OTC derivative trades from execution through confirmation and settlement.
• Perform daily matching/pre-matching and resolve discrepancies with counterparties.
• Ensure accurate trade capture, booking, matching, and confirmation of trades.
• Monitor trades throughout their lifecycle and oversee related cashflows.
• Manage collateral, margin activities, and related settlements.
• Validate operations and models in internal tools, ensuring data quality and controls.
• Maintain records and audit trails for all processed trades and support regulatory filings.
• Provide reports to internal and external stakeholders.
• Coordinate audits and regulatory inspections.

Skills

OTC derivatives

Trade processing

Reconciliations

Stakeholder management

Analytical skills

Excel

VBA

AI tools

Tools

Excel

VBA

Job description

• Trade processing and lifecycle management of OTC derivatives, including performance swaps used in synthetic ETFs.
• Reconciliation, monitoring and control frameworks for clients’ assets.

Key Responsibilities

Trade Processing:

• Process OTC derivative trades from execution through confirmation and settlement.
• Perform daily matching/pre-matching (cash, balances, confirmations, and SSIs) and resolve discrepancies with counterparties.
• Ensure accurate trade capture, booking, matching, and confirmation of derivative trades.
• Monitor trades throughout the trade lifecycle.
• Oversee cashflows, coupons and corporate actions related to swaps and associated events.
• Track and manage lifecycle events: initiation, roll, unwind, nominal increase, etc.
• Coordinate settlement instructions, manage pending issues and resolve settlement-related anomalies, including cash discrepancies and settlement issues.
• Handle collateral management and margin activities with counterparties.
• Validate operations and models in internal tools including data quality, controls, etc.
• Investigate and upscale trade breaks, static data issues, and trade discrepancies where needed.
• Follow up on incidents, contribute to their resolution and propose process improvements (reduction of breaks).
• Maintain accurate records and audit trails for all processed trades.
• Support regulatory filings.
• Products covered : IRS, asset swap, caps & floors, inflation swaps, swaptions, CC swaps and swap ETFs.
• Perform daily and monthly reconciliations in ALTO covering cash, securities, OTC derivative trades, positions and cash flows against custodian records.
• Perform daily reconciliation between the futures clearer and ALTO and instruct margin movements.
• Perform account reconciliations with Fund Accountant on a daily and monthly basis.
• Follow up with custodians and the Fund Accountant on outstanding matters through to resolution.
• Provide reports to internal and external stakeholders.
• Maintain and update KPIs and middle office procedures/workflows.
• Manage process improvements and automation opportunities.
• Support regulatory filings.
• Coordinate audits and regulatory inspections.
• Project management.

Level of minimal experience

6-10 years

Experience

7-8 years’ relevant working experience in middle/back-office function.

Required skills

• Strong understanding of OTC derivatives, especially swaps.
• Experience with trade processing, confirmations and settlement workflows.
• Experience with reconciliations of trades, cash and positions.
• Independent and proactive, with the ability to multi-task and work under pressure, self-directed learner with strong analytical and problem-solving skills.
• Strong verbal and written communication and stakeholder management skills.
• Strong technical skills in Excel, VBA macros and AI tools will be a significant advantage.

Entity

Amundi, the leading European asset manager, ranking among the top 10 global players (1), offers its 100 million clients - retail, institutional and corporate - a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages close to €2.3 trillion of assets (2). With its six international investment hubs (3), financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

Entity

Amundi, the leading European asset manager, ranking among the top 10 global players (1), offers its 100 million clients - retail, institutional and corporate - a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages close to €2.3 trillion of assets (2). With its six international investment hubs (3), financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.
Amundi clients benefit from the expertise and advice of 5,500 employees in 35 countries.
Amundi, a trusted partner, working every day in the interest of its clients and society
(1) Source: IPE “Top 500 Asset Managers” published in June 2025, based on assets under management as at 31/12/2024
(2) Amundi data as at 30/06/2025
(3) Paris, London, Dublin, Milan, Tokyo and San Antonio (via our strategic partnership with Victory Capital)