Third Party Derivatives support four main OTC derivatives services:

• NAV Support – instruction capture and processing client provided valuations / cash flows; reconcile to the fund manager
• Independent Valuations – instruction capture, generate in-house/ source TPV valuations and cash flows; reconcile to the fund manager/ counterparties; standard reporting
• Middle Office – same service as Independent Valuations plus confirmation/ settlement management
• Asset Verification – As a utility to T&F, produce Independent Asset Verification of OTC/FFX & CFD trades

Summary of Responsibilities

Key components of the role will be:

Perform reconciliation between Broker / Counterparty vs Client to ensure the client books are in line with respective brokers

• Detailed investigation of the breaks
• Liaise with external clients and Brokers for breaks resolution
• Attend Client calls in presence of onshore team to discuss the status of the breaks resolution & any other client request / issues
• Liaise with internal team for breaks resolution
• Provide MIS reporting on break status
• Provide weekly KPI information to management
• Ensure team meet designated deadlines in line with internal SLA's
• Proactive & transparent communication to all stakeholders relating to delivery
• Provide comprehensive error reporting when such instances occur, and evidence action plan to ensure any identified gaps are closed
• Undertake root cause analysis of regular breaks
• Escalate issues to designated parties to agreed timescales
• Identify process improvements to contribute to best practice

Skills and Qualifications

• Previous experience of reconciliation
• Sound knowledge of basic accounting (ie. debits/ credits)
• Excellent communication, interaction and influencing skills
• Strong PC skills, particularly Excel
• An understanding of derivatives and fund accounting processes is a distinct advantage
• Knowledge of custody and settlement is an advantage
• A proactive approach to problem solving, taking ownership of issues and having the determination to follow things through
• Self motivated, innovative, methodical and analytical
• Good prioritization and time management
• Flexible approach to hours and task allocation

Good knowledge of risk and controls