MANPOWER Luxembourg SA recruits for one of its clients a Middle Office Officer (M / W) for a 6-month temporary contract :
As a Middle Office officer, you’ll join the MO team within the Middle and Back Office division. You will help monitor, check, and process transactions from the 3 Front Offices (Investment, Funding and Lending).
You will report to the Head of Middle and Back Office and Portfolio Performance.
Validate trades logged in financial software before sending them to the Back Office(s) for settlement :
oCheck the accuracy of transactions booked by the Front Offices, including collateral movements;
oEnsure limits and internal guidelines are respected;
oSupport the organization of team activities to ensure financial operations are in line with orders or specifications from the Front Offices.
Manage Murex Data :
oManage static and market data required for the execution of transactions and collateral movements. This includes, for example, the set-up and maintenance of counterparty, instrument, and calendar data;
the assurance of correct prices, curves, and indices; the set-up of limits and lending contracts hierarchy; and the entry and maintenance of CSA static data.
Perform reporting activities :
oEnsure timely and accurate availability of portfolio valuation information to produce reports for management;
oReport any breach of investment guidelines, operational risk issues, or limit transgressions to the Head of the Middle and Back Office division and Risk team.
Participate in initiatives such as the implementation of new instruments, tools, and systems to further develop the organisation in line with its annual strategic objectives :
oAssist with the business case definition;
oDefine and test requirements;
oValidate the translation of business requirements into IT specifications;
oWork in close collaboration with relevant internal and external stakeholders to deliver project objectives.
Contribute to other activities :
oDevelop and maintain processes, procedures, and the financial software environment to ensure safe recording and adequate checks on financial operations;
oMonitor operational risks with relevant internal risk staff and collaborate on the identification of risks, definition of adequate control processes, follow-up of incident database, and possible action plans;
oReview lending documentation;
oAutomate manual processes and workflows.
University degree, preferably in finance, banking, or economics
Good understanding of financial products, including valuation, with an emphasis on fixed income and related derivatives
Understanding of the operational and regulatory environment of financial markets organisations
Good understanding of middle office and back office workflows for derivatives and fixed income products
Experience in using IT systems prevalent in banking and / or trading and / or portfolio management, including position management and order management, in an asset management environment.
Experience with Murex is an advantage
Fluency in English, any other additional language would be an asset
Ideally a minimum of two years’ professional experience processing financial instruments in a middle office function
Experience in collateral management would be an advantage
A professional risk management or investment analyst qualification would be an advantage.
VBA programming skills would be an advantage
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