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ABOUT APEX
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. Apex has continually improved and evolved its product suite by surrounding these core administrative services with additional products spanning the full value chain of a fund; from information delivery and regulatory products to fund platforms and tax services. The globally distributed service model has rapidly expanded through a combination of organic growth and more recently bolstered by acquisition. Service is now delivered by over 1200 staff across 38 offices. The Apex Group administers circa $350bn in assets, including the investments of some of the largest funds and institutional investors in the world.
POSITION:, Middle Office Senior Associate
DEPARTMENT: Operations
LOCATION: Pune, Bangalore
The successful applicant for this position will be responsible for providing timely and accurate middle office support to their clients.
Main Responsibilities:
- Confirmation/Settlement of trades with counterparties and prime brokers on a daily basis on all place of settlements, including Euroclear, DTC, FED, CDS, CREST as well as domestic settlement
- Liaising with front office, prime brokers, as well as counterparty and executing brokers on operational/settlement matters
- Proactively monitoring, investigation and reconciliation of trade breaks
- 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.
- Reviews, researches, and resolves reconciliation items of various books and records on a daily basis, including positions, pricing, trade-date and settle-date cash, accrued interest, etc.
- Supports ongoing general fund cash management, also working closely with the transfer agency/investor services group to monitor cash movements pertaining to investor subscriptions and withdrawals
- Completes reviews of mandatory and voluntary corporate action events (including: stock splits, stock dividends, spin-offs, exchanges, mergers, tenders, etc.) and ensures proper documentation is in place
- Review of Daily PnL calculations
- Review of Daily Compliance checks
Qualifications, Skills and Experience:
- Bachelor of Science in Accounting/Finance, or a relevant qualification
- Understanding or knowledge of various security types – Bonds, Equities, Futures, CDS, CDS Indices, Term Loans, Revolver, Warrants, 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.
- 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
Corporate Competencies:
- Initiative
- Responsiveness/Sense of urgency
- Accountability
- Integrity
