Overview
The Accounting Assistant (Middle Office) will scrutinize source documents, investigate discrepancies, and reconcile trade details for global equities and fixed income securities.
Key Responsibilities
- Scrutinizes source documents for completeness, accuracy and validity of broker confirmations.
- Investigates erroneous or unmatched trade details and takes appropriate corrective actions.
- Communicates with brokers, private fund managers and/or counterparties regarding missing documentation or any other issues related to discrepancies in trade details and amounts.
- Reconciles and reviews end-of-day trades and ensure proper clearance procedures have been followed.
- Ensures quality control over trade capture and validation in the trade order management system visà-vis the central trade matching system for global equities and fixed income securities
- Ensures manual confirmation and validation of trade details for trades not enabled in the central trade matching system.
- Initiates/Prepares on-boarding of new brokers in the trade order management system and the central trade matching system.
- Consolidates and compiles data on trade volume, straight-through processing rate, manually-adjusted trades for performance monitoring.
- Prepares worksheets and assists with the preparation of key performance indicators and/or key risk indicators.
- Audits and monitors changes to various reference and static data related to investments including, but not limited to, market calendar and market fees, etc., to ensure correctness and completeness of information in the trade order management system and the central trade matching system and adherence to relevant market requirements, standards or practices.
- Contributes to the implementation and enhancements of the trade order management system and the central trade matching system used in the matching of investment transactions including user acceptance tests.
- Assists in developing and implementing process automation solutions to enhance the efficiency and control of post-trade support activities.
- Provides guidance and training to colleagues as required.
Required Experience
A minimum of seven years of work experience in accounting, finance, investment operations or related area is required. Experience using post-trade matching platforms, such as OMGEO or equivalent is desirable. Experience using Bloomberg AIM, or other trade order management systems, is desirable.
Qualifications
High school diploma or equivalent.
