Middle Office Operations Analyst - Fixed Income Fund Manager

About the role

We are working with a leading investment management firm to appoint an experienced Derivatives Operations Analyst to act as the subject matter expert across post-trade processing for listed and OTC derivatives. The role covers lifecycle management, reconciliations, controls, and issue resolution, working closely with internal teams and external counterparties to ensure accurate, well-controlled operations. Reporting to the Global Middle Office Lead (Sydney-based), the position also supports broader middle office responsibilities and operational projects.

Key responsibilities:

- Provide specialist knowledge across the full derivatives post-trade lifecycle, from trade capture through settlement, expiry, and regulatory or management reporting.
- Deliver day-to-day operational support for listed and OTC derivative instruments, including futures, options, swaps, forwards, and other bespoke or bilateral structures.
- Manage accurate and timely processing of confirmations, affirmations, settlements, collateral movements, cash flows, corporate actions, and other lifecycle events.
- Oversee daily control checks and workflow monitoring to ensure trades and associated events are correctly recorded and processed.
- Complete reconciliations between front-office systems and records held by custodians, counterparties, clearing brokers, fund administrators, and internal books.
- Investigate and resolve operational exceptions, such as reconciliation breaks, failed settlements, valuation differences, and booking discrepancies.
- Act as a key liaison point for Portfolio Managers, Traders, Risk, Finance, Compliance, Technology teams, administrators,



prime brokers, and counterparties.
- Support margining activities, including initial and variation margin, collateral movements, and dispute resolution where required.
- Ensure all operational processes align with internal control frameworks, service standards, and regulatory or policy obligations.
- Maintain comprehensive procedure documentation, workflow guides, and audit evidence to support governance and regulatory reviews.
- Contribute to current product launches, onboarding of counterparties, system enhancements, and operational readiness for evolving strategies.
- Drive automation, efficiency gains, and enhancements to the control environment.
- Apply strong working knowledge of OTC derivatives operations, including ISDA and CSA-related workflows and complex lifecycle events.
- Provide guidance, training, and informal mentorship to junior team members and stakeholders on derivatives operational topics.

Skills:

- Demonstrated experience supporting derivatives products within fund operations, capital markets operations, or a middle office environment at an investment bank.
- In-depth understanding of post-trade workflows for listed and/or OTC derivatives, particularly within fixed income markets.
- Strong practical experience using Bloomberg, including AIM and CASH .
- Highly developed Excel skills are essential; VBA (or similar) programming capability is strongly preferred.
- Solid understanding of financial markets combined with the drive to build a long-term career in investment management.
- Comfortable operating in a fast-paced, high-performance environment with a strong team-oriented culture and shared commitment to excellence.

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📌 Middle Office Operations Analyst (Sydney)
🏢 Ambition Recruitment
📍 Sydney