Middle Office Manager Job Description
Middle Office Manager Duties & Responsibilities
To write an effective middle office manager job description, begin by listing detailed duties, responsibilities and expectations. We have included middle office manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Middle Office Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Middle Office Manager
List any licenses or certifications required by the position: PMP, CFA, PM, CPR
Education for Middle Office Manager
Typically a job would require a certain level of education.
Employers hiring for the middle office manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Accounting, Business, Education, Management, Economics, Computer Science, MBA, Technical, Supervision
Skills for Middle Office Manager
Desired skills for middle office manager include:
Desired experience for middle office manager includes:
Middle Office Manager Examples
Middle Office Manager Job Description
- Proactively identifies risk to the firm and the client and implements plan to mitigate risk
- Upskill and develop all members of the project team to make sure consistent project management disciplines are being applied
- Chair PWGs and provide regular status updates to key stakeholders
- Support the development of Project Management best practice within the team
- Managing the team and ensuring the daily settlements deadlines are met
- Be the subject matter expert around trades/cash queries
- Be main point of escalation for the team
- Producing query metrics with accompanying remediation proposals
- Conducting client service reviews and attend client meetings
- Monitoring and resolving risk indicators
- Control mindset with ability to identify and deliver process improvements
- Proactive, self motivated individual with high levels of ownership
- Futures/OTC/FX/Collateral experience
- Bachelor’s / Master’s degree in an accounting related discipline
- Work closely with external counterparts (G15 Dealers, Vendors, Clients) in order to ensure firm’s best interests are represented and delivered within industry initiatives/projects
- Analytical skills and the ability to apply to products, processes and flows
Middle Office Manager Job Description
- Manage an assigned portfolio, verify and approve hi-rise pre-sales and deposits, and authorize draws within approved authorities for new construction projects
- Assess construction risks of assigned projects and apply oversight to ensure compliance to terms and conditions of loan and agreements between the Bank and the client
- Review pre-sales conditions, process project draws, resolve issues and ensure data integrity
- Lead projects along the project lifecycle (from initiation through to implementation)
- Establish & maintain an effective communication and engagement model with each LOB, Technology Team and other stakeholders, develop relationships with them though regular PWGs & bilateral meetings
- Support RED process administrative and access control tasks
- Overseeing the local team, their work and interaction with the front office and acting as a quality controller, ensuring timeliness, accuracy and integrity of all work in the department
- Align activities with strategic priorities
- Suggest process improvements and review improvement suggestions provided by the team
- Quality Control, Accuracy and Timeliness - coach and develop team to maintain their functions accurately and in a timely fashion
- Working closely with the Business (Desk Heads, Global and Regional Business Managers) and other Stakeholders in the supporting divisions to understand their needs / priorities / issues
- Drive the overall controls agenda for the GCMO
- Focus on continuous improvements of the Controls environment
- Lead the Risk Control Self Assessment Program including risk and control identification, assessment and substantiation
- Oversee documentation, tracking and closure of Action Plans
- Business Management including Location Strategy, Financial Planning and Business Analysis
Middle Office Manager Job Description
- Project conceptualization, defining specs and getting it implemented
- Responsible for planning, talent acquisition and retention
- Assist with the transition of new work into the team
- Coordinate resources allocation to meet all deadlines
- Audits of various sources of information retention
- Data maintenance & administration of the department’s virtual communication and repository
- Leader for the multi-functional team in Hyderabad
- Manage day-to-day operations of client on-boarding and trade processing
- An understanding of the fundamentals of risk, control assessments and protocols
- Create reporting and presentations for senior level management that are clear and concise
- Manage Business Resiliency Program
- Expansive manager who has experience managing change across a cross functional and multi regional operating model
- Exhibit excellent written and oral communication skills superior influencing and relationship management skills across Business, Technology and Operations teams
- Extensive experience in identifying, creating and implementing Transaction Life Cycle automation opportunities
- Thorough understanding of legal structures of various client types including financial institutions, corporate organizations, funds, SPVs
- Significant Investment Banking experience
Middle Office Manager Job Description
- Assess project monitor reports to identify potential risks and work with Account Managers (AM), Group Risk Management (GRM) and National Office teams to resolve them
- Verify and approve hi-rise pre-sales and deposits, and authorize draws within approved authorities for new construction projects
- For all change initiatives keep the procedures up to date
- Training provided for changes to business processes, initiative and regulatory implementations
- Regularly review operational procedures to identify areas of process improvement
- Contribute to identified process improvements and technology projects that maximise control and minimise risk
- Be accountable for Banking Risk Oversight & Control (BROC) reporting for PLR & MO to enable BROC and Executive leaders’ capability to make informed decisions and drive business performance
- Be the Subject Matter Expert (SME) for the PLR and MO reporting
- Provide analysis and interpretative documentation to identify changes/trending of the business
- Able to articulate the KRI's that are important to the business and then work with the National office team’s in analyzing the data to tell their story
- A relevant finance tertiary qualification would be an advantage
- Minimum five years’ experience in custody and/or portfolio servicing or other securities related industry
- Extensive knowledge of financial markets and instruments Austraclear, Chess as well an understanding of trade, cash settlements and FX
- Proven ability to communicate with and influence senior stakeholders, both internally and externally
- Excellent ability to multi-task in a high pressure trade settlement environment
- Proven strong team management capability
Middle Office Manager Job Description
- Identify opportunities to enhance business/process efficiency and effectiveness
- Support the National Office teams by utilizing tools and resources to dive deep into identified efficiency/effectiveness gaps through retrieving of data
- Complete cause and effect analysis and recommend sound operational/fulfilment resolution for the assigned initiative
- Consolidate, analyse and provide contextual reporting by integrating information from multiple data sources
- Work with other reporting team members to develop reporting methodologies/ templates/processes and maintain documentation and business specifications related to data extracts and report production
- Support the change management process by leveraging technology and assisting in the transition to automated solutions
- Provide advice to National Office team members and stakeholders, to ensure reporting requests are aligned to the BROC roadmap strategies and objectives
- Report and escalate to management as needed and successfully manage stakeholder relationships
- Manage and increase the effectiveness and efficiency of operational services, through improvements to each function and communication between support and business functions
- Monitoring changes in every tax regime covered by NT, ensuring changes are translated into both operational procedures
- Previous experience of virtual team management
- Bachelor degree in Accounting, Business Administration, Finance or other related disciplines
- Good exposure to varied asset types including Fixed Income, Equities, Exchange-Traded and OTC derivatives
- Working knowledge in transaction management, including trade and position reconciliations
- Familiar with Euroclear, Clearstream operations
- Good command of spoken English and Putonghua is required