Financial Middle Office Manager

Role Overview

• Lead the Middle Office team supporting OTC derivatives trading within a registered Swap Dealer framework and securities trading withing a registered broker dealer, fostering a culture of operational excellence, regulatory compliance, and continuous process improvement.
• Ensure robust trade capture, validation, and lifecycle management (including amendments, allocations, terminations, and novations) across interest rate, credit, FX, and equity derivatives.
• Partner with Front Office, Risk, Compliance, and Back Office to ensure timely resolution of trade discrepancies, breaks, and exceptions, with a strong emphasis on control and governance.
• Oversee reconciliation of positions, cash, and collateral, ensuring alignment with Dodd-Frank Act requirements and CFTC regulations, including real-time reporting obligations (e.g., SDR reporting).
• Maintain and enhance operational controls to support regulatory obligations such as swap data accuracy, confirmation timeliness, and margin compliance under uncleared margin rules (UMR).
• Deliver high-quality service to internal stakeholders and external counterparties, ensuring adherence to ISDA documentation standards and industry best practices.
• Prepare and present operational metrics, exception reports, and risk indicators to senior management, contributing to strategic initiatives and regulatory audits.
• Mentor and develop junior staff, promoting a collaborative and accountable team environment.
• Drive automation and digital transformation initiatives to improve trade processing efficiency, reduce operational risk, and enhance data transparency.

Requirements

• 10 or more years of experience in capital markets operations, with a focus on OTC derivatives and middle office functions.
• 5 or more years of direct team management experience, within a Swap Dealer or similar regulated entity.
• Experience with trade lifecycle events, ISDA protocols, and regulatory frameworks including CFTC, NFA, and Dodd-Frank.
• Experience with trade capture systems (e.g., MarkitWire, DTCC DerivSERV, Calypso, Murex) and reconciliation platforms.
• Experience with operational risks.
• Experience communicating with stakeholders and interfacing across trading desks, compliance, and technology.

Benefits

• health insurance coverage
• wellness program
• life and disability insurance
• retirement savings plan
• paid leave programs
• paid holidays and paid time off (PTO)