Middle Office Trades Specialist

The successful applicant will be part of a team of ten people, with varied roles and processes. The role of the team is to process trades across the full spectrum of security and transaction types. This includes high-volume streams that are largely automated and other streams that require more specialist knowledge and manual or semi-automated processing.

As well as the primary processing, the team covers query resolution with 3rd parties (custodians, brokers, counterparties, clearers, fund accounting) and internal clients including the Investment Team & Dealing Desk, and the Client Relationship Management teams.

The range of products and parties includes, but is not limited to:

- On-market trades (Equity, Bonds, Money-Markets) - both local and international
- Fund trades
- Exchange Traded Derivatives (local and offshore)
- Foreign Exchange (spot, forward and NDF’s)
- OTC Derivatives

The role includes the matching/confirmation and instruction of settlement for all the above.

In addition, the team attends to:

- all aspects of opening and maintaining international markets and the associated data for Coronation funds and client funds
- ensuring that all bank accounts used in the processing are managed and reconciled effectively
- managing collateral obligations in respect of FX and Derivative exposure
- processing of transitions between funds and into or from Coronation
- the setup of new securities

**Duties and Responsibilities**:
1. On-Market Matching & Settlement
- Local Equities, Bonds and Money-Market
- Foreign Equities and Bonds (across ~50 markets)
- Management of broker commission and market cost rules

2. International Custody
- Trades and Cash Reporting
- Trade settlement resolution
- Opening of new fund accounts with global custodians, and ongoing management of market requirements, SSI data and Standing Instructions

3. Derivatives
- Processing of international derivatives trade and positions reporting, including reconciliations
- Analysis of margin/collateral requirements, leading to:

- Submission of payment instructions to/from international clearer
- Identifying and requesting execution of FX trade requirements in relation to the above
- Processing of all local derivatives to fund accounting

4. International Fund Trades:

- Processing of trade instructions to Transfer Agency
- Processing of TA reporting to generate trade information to FO systems and Fund Accounting
- Management of communication flow in relation to the above with internal clients
- Processing of FX instructions required in relation to the above

5. Foreign Exchange:

- Monitoring of executed local foreign exchange deals, and processing the required settlement instructions to internal and external parties within specified timeframes
- Monitoring and confirming of offshore FX trades done with custodians
- Management of auto-fx where needed

6. Security Setups:

- Creation of new securities, prior to trading, into relevant systems
- Management of Security Static Data issues arising

7. Transitions:

- Processing of transitions in internal systems, to Fund Accounting and to Custody

8. Other:

- Various weekly and monthly tasks associated with the above, including:

- Reconciliations of various bank and trading accounts
- Analysis of errors resulting in claims, processing of claims and tracking to ensure claims are paid
- Processing of management fees, rebates, and other related items
- Assisting other team members where they require support

**Ideal Experience**:

- 5+ years related experience
- Middle Office role within asset management, fund administration or banking environment

**Ideal Qualifications**:

- BCom, Business Science degree or the like with majors in Accounting, Investment Management, Finance, or the like.

**Most Important Attribute**:

- Must be solutions driven

**Systems Knowledge**:

- MSOffice with proficiency in Excel, Bloomberg, AIM, InvestOne, Charles River (or other investment system) SWIFT
- Experienced in using banking systems