Mid Office Associate

As part of the Middle Office and Self-Clearing team, you will interact with most teams within the organization and achieve a high-level understanding of how the business operates. We strive to create strong teams with strong individuals. You will learn a lot from your peers and will continue to develop your skills and business knowledge as the business grows and changes.

What you will do:

• Daily reconciliation of positions and P&L
• Identifying, investigating, and reconciling trade, position and cash exceptions by working with trading desks and other relevant teams
• Reporting of reconciliation breaks
• Reconciling all direct trading costs including exchange, SEBI turnover fee, STT, stamp duty etc.
• Working with the Finance team on month end revenue recognition entries
• Collaborating with Trading and Finance teams to continuously improve the reconciliation and financial reporting process
• Collaborating with relevant IT teams on enhancements and improvements to middle office / self-clearing applications
• Monitoring of margin utilization on an ongoing basis
• Daily processing of the files received from exchange / clearing corporation
• Periodic reporting to stock exchanges / clearing corporation
• Operation of DP pool account and beneficiary account.
• Placement / withdrawal of collateral from clearing corporations and liaising with Finance teams for funding requirements

Who you are:

• Master’s degree in Finance or Economics with minimum 5 years of work experience in a similar role at a trading/broking firm, bank, Public Fund, Alternative Investment Fund, other entities
• Bachelor’s degree in Finance or Economics with minimum 7 years of work experience in a similar role at a trading/broking firm, bank, Public Fund, Alternative Investment Fund, other entities
• Working knowledge and experience in F&O products, exchange margin framework and exchange pay-in/pay-out obligations
• Extreme attention to detail and excellent follow-through skills
• Excellent interpersonal and communication skills with the ability to work with teams in India and overseas offices
• Highly motivated individual who will collaborate with others to identify gaps and inefficiencies in processes in order to drive improvement