The Apex Group was established in Bermuda in 2003 and is now one of the world’s largest fund administration and middle office solutions providers. Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide.Your career with us should reflect your energy and passion. That’s why, at Apex Group, we will do more than simply ‘empower’ you. We will work to supercharge your unique skills and experience. Take the lead and we’ll give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities. For our business, for clients, and for you Middle Office Manager (AVP) The Role & Key Responsibilities: Liaising with front office, prime brokers, as well as counterparty and executing brokers on operational/settlement matters Trade support for various fixed income products including (but not limited to) Credit Default Swaps, CDS Indices and CDO’s, including bilateral DTCC settlement and cleared trades. Review of Daily Compliance checks Execute all aspects of trade capture and settlement in a prompt and accurate manner Process non-automated transactions including OTC derivatives and their related cash movements. Process Trade affirmation and confirmation. Investigate and follow-up on trading related discrepancies Complete general trading desk support activities, ad hoc tasks and analyses as required Ensure daily accurate settlement of bonds, FX, money market, and futures. Prepare Cash/Position/Market Value Reconciliations and resolving breaks. Notify Clients/CSMs of valid breaks. If any breaks are due to an erroneous or missing transaction in accounting system, then make necessary adjustments. Review Reconciliation and provide sign off to client. Reviewing corporate actions booked in the system and ensuring same is correctly reflected in the books. Dividends/Interest Reconciliation with Broker reports Assist in determining daily cash positions for all accounts at numerous banks and ensure optimal levels of liquidity for all disbursement accounts. Independently price the Investment positions on a daily & monthly basis. Responsible for accruing/amortizing daily or monthly non-security related Fee accruals Review the PNL before delivering the report to client. Assist with daily risk and end of day reporting, including some performance measurement and attribution Manage existing financial control procedures and proactively identify opportunities for improvement or enhancement to the existing processes and controls Protect investors by independently checking for accuracy and identifying and challenging any deviations from procedures and policies in an informed and professional manner Book, instruct and coordinate timely transfer of securities and cash movements with utmost accuracy and precision Skills Required: Bachelor of Science in Accounting/Finance, or a relevant qualification Understanding or knowledge of various security types – Bonds, Equities, Futures, CDS, CDS Indices, Forwards, ABS, MBS, TRS, etc. Understanding of trade lifecycle Knowledge and understanding of securities and other financial instruments with an emphasis on Fixed Income Instruments. Cash and position reconciliation, P&L and other accounting reports Computer proficiency with advanced knowledge of Microsoft Office Suite, familiarity with Calypso, Bloomberg VCON, Markit, IceLink,, DTCC preferred Role-Specific Competencies/Skills: Strong client service and interpersonal skills Strong communication and analytical skills Strong organisational skills Accurate and acute attention to detail Adaptability - able to change tasks quickly as business needs dictate Uses discretion when dealing with sensitive and confidential information Excellent oral and written communication skills and demonstrated ability to adapt communication style to audience Proven ability to prioritize responsibilities, manage time effectively and meet deadlines accordingly Self-motivated Punctuality We pride ourselves in our commitment to fostering a connected and inclusive culture, all our opportunities at Apex have five (5) days in office requirement. Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners. About Apex Group We are dedicated to driving positive change in financial services while fuelling the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the asset serving industry through our investment in innovation and talent. Today, we set the pace in asset servicing and stand out for our unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals. We’re a people-powered business, and our people are full of ambition. Together, we’re inspired to lead the new era of data and tech enabled service. Bringing new products and services to market. Sharpening our client focus. Disrupting the market to exceed expectations. Innovating across a range of specialisms. With our focus on making a difference to our people, our planet and our society, you’ll experience more here than you would at most other companies. Prepare to accelerate. We’re a people-powered business with a vision to inspire a new era of service-led FinTech. We’re expanding globally and offering more to our clients. This means you get more opportunities to grow with us. So prepare to accelerate. We’ll make sure the time and effort you put in takes you further, faster. Positive change starts with you. We’re a people-powered business with a vision to inspire a new era of service-led FinTech. We’re expanding globally and offering more to our clients. This means you get more opportunities to grow with us. So prepare to accelerate. We’ll make sure the time and effort you put in takes you further, faster. The journey is yours to own. When you stretch yourself, you grow. We want you to explore ways of working that will see you thrive as part of something bigger. We’ll help you with a solid structure, challenging projects, vibrant networks, supportive colleagues and approachable leaders. All the things you need to own your unique journey. Find out more about us
