Job details

OTC Middle Office Analyst

We are seeking a Nashville-based OTC Middle Office Analyst to join our Middle Office Team in the Derivative Operations.

Who You'll Work With:

The Derivatives Operations Department is primarily responsible for the trade lifecycle management and controls of both standard and complex OTC Derivative activity across Rates, Credit, Equity and FX.

What You'll Do:

The OTC Middle Office Analyst will be responsible for OTC trade affirmation, capture and accounting for a diverse product set including but not limited to Interest Rate Swaps, Rate Swaptions, Credit Default Swaps, Credit Options, Credit Index Tranches, Equity Linked Swaps, Commodity Linked Swaps, OTC Equity Options, OTC Commodity Options, FX Options and Variance Swaps. This position will report to the manager of the Derivative Middle Office Team. Additionally, the OTC Middle Office Analyst will collaborate with the front office in the escalation and resolution of trade disputes as well as the technology team for enhancements across all asset classes.

Specific responsibilities may include but not be limited to:

Ensure all aspects of OTC Derivative trade capture, affirmation, and allocations are carried out in a timely manner
Interact with counterparties to ensure trade activity is agreed on trade date
Perform upfront fee and termination fee calculations for relevant OTC deals on trade date
Assist with implementing industry initiatives as well as internal efficiencies and improvement
Perform daily activity report validation
Perform ad-hoc request support and analysis
Ensure all aspects of OTC derivative cash settlements are carried out in a timely manner
Perform counterparty position and cash reconciliation for desks
Interact with counterparties to make sure all payments are affirmed
Promptly settle and track all outgoing and incoming payments
Perform swap resets for OTC deals
Perform fail management and break resolution related to OTC derivative cash settlements
Participate in Industry Calls and implementing industry initiatives as needed.

What makes this role unique or interesting?

The OTC Middle Office offers high visibility to AB traders and portfolio managers. This role also works closely with dealer sales and trading desks. Likewise, the OTC Middle Office is the hub of the Derivative Operations team, offering exposure to all facets of operations and technology

What We're Looking For:

Our Middle Office Analysts typically have track records of outstanding professional performance or academic achievement, along with excellent analytical skills and financial skills as well as strong communication skills. Candidates should have a strong ability to work in a collaborative environment and to present results to both expert and non-expert audiences. Our middle office analysts will use Bloomberg, ICE, Markit, DTCC and Calypso extensively so a thorough understanding of these tools is required.

Bachelor's degree in Finance or Economics, or specialized training/ equivalent work experience. Preferably 1-3 years of experience supporting middle office functions related to OTC or listed Derivatives)
Solid understanding of a variety of financial products (equities, fixed income and derivatives)
Ability to work in a high volume, time-sensitive, high risk and demanding environment
Excellent analytical skills in assessing risk and issues and finding ways to improve current processes
Highly developed interpersonal and communication skills to effectively engage partners and work well at all levels, including senior management

An understanding of OTC Derivative products or familiarity with general trade support, Middle Office functions.

Who We Are:

We are a leading global investment management firm offering high-quality research and diversified investment services to institutional clients, retail investors, and private-wealth clients in major markets around the globe. With over 4,000 employees across 57 locations operating in 26 countries and jurisdictions, our ambition is simple: to be the most trusted investment firm in the world. We realize that it's our people who give us a competitive advantage and drive success in the market, and our goal is to create an inclusive culture that rewards hard work.

Our culture of intellectual curiosity and collaboration creates an environment where you can thrive and do your best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to our clients, we are fully invested in you. If you're ready to challenge your limits and empower your career, join us!

Nashville, Tennessee