Middle Office Specialist

Amidel; Johannesburg; On-site; ZAR 600,000 - 800,000; Full time

Job summary

Amidel seeks a skilled Middle Office Specialist to support our clients in the trade lifecycle, ensuring accurate product valuation and resolving P&L discrepancies. The role emphasizes strong analytical skills and a solid grasp of financial instruments and market dynamics.

You will engage in data analysis, market data creation, mapping, testing, and contribute to benchmark reform projects while building robust controls across processes.

Qualifications

• 1–5 years in a relevant financial services role.
• Bachelor’s or post-graduate degree in quantitative/finance fields.
• FRM/CFA is an added advantage.

Responsibilities

• Assist in trade life cycle events across the trade lifecycle.
• Remediate Profit and Loss discrepancies and propose permanent fixes.
• Participate in new product approvals, ensuring correct valuation and market data availability.
• Ensure accurate valuation of all products.
• Analyze data from trading systems for valuation, risk and P&L perspectives.
• Contribute to market data creation, mapping, testing and sign-off.
• Build controls around key processes.

Skills

Analytical skills

Detail-oriented

Deal flow knowledge

Problem solving

Communication

Business acumen

Client service

Interpersonal skills

Financial instruments knowledge

XVA awareness

Education

Bachelor's or Post-Graduate in Maths/Finance/Financial Engineering/Economics/Investment/Risk/Portfolio/Mathematical Sciences

FRM/CFA beneficial

Job description

Amidel is an Information Technology and Business Consulting Company that provides highly specialised solutions to large and small enterprises in both the private and public sectors.

We are seeking a highly motivated Middle Office Specialist to join our growing team. You will play a crucial role, assisting our clients in various aspects of trade life cycle events, ensuring accurate product valuation, and contributing to the resolution of Profit and Loss discrepancies. This position requires a detail-oriented individual with strong analytical skills and a solid understanding of financial instruments and market dynamics.

Job family:

Trade Support, Risk Management, Compliance

Minimum Experience:

• 1 to 5 years in a relevant financial services role.

Education Requirements:

• Bachelor's or Post-Graduate degree in Maths, Finance, Financial Engineering, Economics, Investment, Risk Management, Portfolio Management, or Mathematical Sciences.
• Qualification in FRM/CFA is an added advantage.

Contract Type:

• Permanent or Contract Term

Responsibilities

Responsibilities differ across client engagements but may include:

• Assist in performing trade life cycle events throughout the trade life cycle.
• Remediate Profit and Loss discrepancies and find permanent solutions to recurring issues.
• Participate in new product approval processes, ensuring correct valuation and availability of appropriate market data.
• Ensure accurate valuation of all products.
• Analyze data from trading systems for valuation, risk, and profit & loss perspectives for various teams.
• Participate in new market data creation, mapping, testing, and sign-off.
• Contribute to benchmark reform projects by creating new market data and mapping it appropriately to products.
• Build controls around all key processes.

Qualifications and Competencies

• Strong analytical abilities with a keen attention to detail.
• Control mindset with a focus on process improvement.
• Understanding of deal flow processes and the rationale behind procedures.
• Excellent problem-solving and decision-making skills, with the ability to challenge current thinking and provide solutions.
• Effective team player with excellent communication skills.
• Business acumen and market awareness.
• Client service driven with good interpersonal skills and ability to communicate and work at all levels, including a range of demanding personalities, in unstructured environments.
• Knowledge of financial instruments or products, including valuations, inputs, and drivers.
• Familiarity with concepts such as XVA’s, MultiCurve bootstrapping and CSA Aware Discounting is a distinct advantage.

Join our dynamic team and be part of a critical function in the heart of our financial operations. If you have a passion for accuracy, a knack for problem-solving, and a desire to excel in the world of finance, we want to hear from you.