Middle Office Associate

Mission Staffing; New York (NY); On-site; USD 80,000 - 120,000; Full time

Job summary

Mission Staffing is looking for a skilled professional to join their asset management team in New York. As part of the Middle Office, you will oversee bank loan activities, including maintenance and reconciliation processes. The ideal candidate has at least 3 years of experience and is familiar with various financial products.

You will support trade settlements and work directly with clients and investment teams, requiring strong communication and organizational skills. Advanced knowledge of relevant software tools is essential.

Qualifications

• 3+ years of recent experience in asset management on a buy side Middle Office team.
• Understanding of execution, confirmation, settlement of fixed income and equity products.
• Comfort dealing directly with clients and senior stakeholders.

Responsibilities

• Maintenance of all bank loan activity supporting cash/position/trade reconciliation.
• Oversight of complex restructures including defaults and extensions.
• Analyze, document, and improve current processes and controls.

Skills

Asset management experience

Communication skills

Organizational skills

Detail-oriented

Multi-tasking ability

Tools

WSO

Bloomberg AIM

Tradeflow

Clearpar

Omgeo

Margin Manager

Job description

• Understanding concepts & workflows related to bank debt, such as:
• Maintenance of all bank loan activity (interest rate resets, principal repayments, principal drawdowns, margin changes)
• Coordinate trade settlement of primary & secondary loan closings with external parties (par & distressed, LSTA & LMA)
• Liaise with trustees and agent banks to resolve discrepancies
• Oversight of complex restructures including defaults, refi’s and extensions
• Support of cash/position/trade reconciliation process and assist with managing complex reconciliation issues
• Cash balance oversight for portfolio managers
• Support trade life cycle pre-settlement events across many other fixed income
• Analyze, document and improve current processes and controls
• Provide escalation for middle office team across business lines and work with bank, brokers and internal groups to solve problems

Requirements / Skills

• 3+ years of recent experience in asset management on a buy side Middle Office team
• Understanding of post execution, confirmation, settlement and fail resolution of fixed income and equity products including bank loans, corp bonds, treasuries, equities (domestic and foreign) and mortgages
• Knowledge of Omego’s suite of post execution applications
• Knowledge of various derivative products such as futures, OTC, FOREX
• Experience and comfort dealing directly with clients, investment teams, and other senior stakeholders
• Strong communication and interpersonal skills.
• Highly organized, detail oriented, ability to multi task and problem solve
• Advanced Microsoft Office skills
• Relevant applications: WSO, Clearpar, Bloomberg AIM, Tradeflow, Omgeo, Margin Manager