Middle Office Trade Support Analyst Derivatives

Phaxis; New York (NY); On-site; USD 65,000 - 90,000; Full time

Job summary

Phaxis is seeking a Middle Office Trade Support Analyst to help support its derivatives trading activities. The role involves close collaboration with front-office teams to ensure accurate trade processing, risk reporting, and lifecycle management across multiple derivative products.

The ideal candidate has 1+ years in middle office or derivatives operations, with a solid understanding of trade lifecycles and risk reporting.

Qualifications

• Experience in middle office, trade support or derivatives operations within financial services.
• Understanding of derivatives products and capital markets.
• Familiarity with trade lifecycle management, processing and clearing.

Responsibilities

• Provide daily trade support across derivatives and structured products.
• Partner with trading and sales to ensure accurate transaction booking and risk representation.
• Oversee trade verification, confirmation, and clearing processes.
• Support portfolio optimization activities and manage lifecycle events (expirations, settlements).
• Assist with daily P&L calculations, reporting and analysis for trading and management teams.
• Investigate reconciliation discrepancies and coordinate resolution.
• Work with finance and control to research and resolve daily reporting differences.
• Ensure transactions comply with regulatory requirements and internal procedures.
• Participate in process improvements, system enhancements and controls development.

Skills

Derivatives operations

Trade support

Capital markets

Job description

Middle Office Trade Support Analyst Derivatives Position Overview

A financial services organization is seeking a Middle Office Analyst to support its derivatives trading business. This individual will work closely with front-office professionals and internal support functions to ensure accurate trade processing, risk reporting, daily reconciliations, and effective management of transaction lifecycles. This is an excellent opportunity for an early-career professional looking to develop expertise in capital markets, derivatives operations, and front-to-back trade support.

Key Responsibilities

• Provide daily trade support across various derivatives and structured financial products.
• Partner with trading and sales teams to ensure accurate transaction booking, trade details, and risk representation.
• Oversee trade verification, confirmation, and clearing processes.
• Support periodic portfolio optimization activities and manage transaction lifecycle events, including expirations and settlements.
• Assist with daily profit and loss calculations, reporting, and analysis for trading and management teams.
• Investigate reconciliation discrepancies, identify root causes, and coordinate timely resolution.
• Work with finance and control functions to research and resolve daily reporting differences.
• Ensure transactions are processed in accordance with regulatory requirements and internal operating procedures.
• Participate in process improvement initiatives, system enhancements, and the development of operational controls.

Qualifications & Experience

• 1+ years of experience in Middle Office, Trade Support, or Derivatives Operations within financial services.
• Understanding of derivatives products and capital markets.
• Familiarity with trade lifecycle management, transaction processing, and clearing activities.
• Exposure to market risk, profit and loss reporting, and reconciliation processes.