FORFIRM is providing solutions to real business challenges for our clients through innovation and deep industry understanding. We pride ourselves on being a knowledge-based company, with no barriers or pre-built solutions – we listen to our clients and solve their unique problems.
At FORFIRM, we are creating a culture where each person can define their own role parameters and speak their mind without any hesitation. We are a true meritocracy, where individual results define each person’s career path.
We are looking for a Middle Office Expert to join Operations Department, focusing on Securities Lending, Collateral Management and Trading Support within the Middle Office team.
Main Responsibilities
- Settlement: Monitor operations related to lending, borrowing, repo, and collateral; track pending transactions and keep traders informed; handle buy-in notices and interest claims.
- SLB Commissions: Reconcile commissions received from counterparties with system data; calculate and book SLB commissions for account closures and periodic commissions for clients and internal accounts.
- CSA Interests: Monthly check and booking of interests to be paid/received by CSA counterparties.
- Triparty Repo and SLB Collateral: Send instructions for Triparty Collateral exchanges.
- Corporate Actions: Inform traders about the need to recall positions due to CA events; coordinate CA claims with the CA Department and follow up with counterparties for payments/receipts.
- Allocation Differences & Lending Availability: Check SLB contracts that are over/under allocated and adjust client participations; advise traders about the need to recall positions due to lack of availability.
- SLB Reconciliations: Verify and adjust cash/securities differences related to SLB activities; monitor and adjust long/short positions.
- MO Reconciliations: Reconcile pending/executed orders between order management systems and the core banking system; verify the consistency of "Nostro" account balances.
- Trading Room Support: Daily preparation and dispatch of lists of orders executed in violation of the one-hour policy and orders not executed for more than one day; support SPV-related activities.
- Forex Controls: Daily analysis of banking counterparties' limit breaches, marketing profits, and P&L from FX operations; ensure conformity of override messages related to FX rates; control FX deviations and unlock currency rates.
Skills required
- Knowledge of main products and financial instruments;
- Knowledge and experience in Securities Settlement and Processing;
- Good knowledge of Microsoft Office package;
- Proactive attitude, open mind and willingness to take on new knowledge and skills;
- Fast learner and ability to work under pressure/adapt to unforeseen work demands;
- Good communication skills to communicate effectively with internal/external stakeholders at all levels;
- Fluent in Italian and English, French/German a plus;
- Team player;
- Highly motivated;
- Knowledge of Globus (Ops functionalities) is a plus.
What We Offer
- Opportunity to work on international multi-disciplinary projects for leading brands from day one
- Highly meritocratic environment – points-based bonus and promotion system
- A focus on knowledge building with regular internal and external training opportunities
- Supportive and dynamic team
FORFIRM is an equal opportunities employer that values diversity within the company. Qualified applicants will receive consideration for employment without discrimination about race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.