Specialist Credit - Discretionary Middle Office

Purpose of the Job

• The Role: Man Group's Middle Office team is responsible for ensuring operational controls, limit monitoring, and portfolio rebalancing across futures, indices, equities, and cash positions. You will gain valuable insights into the value and effectiveness of our hedges across all bond markets.
• The Specialist Credit - Discretionary Middle Office plays a key role in supporting the integrity of the firm's capital and portfolio risk profile, providing oversight of trading, and managing credit exposures and controlling exposures to external fund administrators. The role requires close collaboration across Front Office Operations, Finance, Compliance, and Technology teams, while actively contributing to operational strategy and process improvement initiatives.

Operational Responsibilities

Credit Fund Operations

• Review and analyze a wide range of fixed-income instruments and derivatives—including credit default swaps, bonds, equities, and other relevant instruments.
• Select and monitor key credit markets, including U.S. Treasuries, corporate bonds, and emerging market bonds, with continuous risk monitoring and minimal errors.
• Ensure that the fixed-income component of funds aligns with daily records, notify clients of forecast errors early, and implement corrective actions as necessary.
• Partner with finance, business, and cross-functional teams to design and monitor performance metrics in order to identify potential risks and enhance operational effectiveness.
• Work with fund administrators to reconcile trades and market movements daily in a timely manner.
• Prepare monthly balance sheet reports and schedules, including providing insights into the management team's activities, such as real-time reconciliations and data reporting.
• Challenge and record trade adjustments, trades, and mispricing/pricing errors, as well as data inconsistencies, to ensure the operational accuracy and compliance of system processes.
• Support daily operations monitoring through operational manuals and updates, and develop the firm's Operations Compliance and Data Information System dashboard.
• Whatever workloads need to be developed and implemented in a timely manner to meet expectations and ensure data quality by optimizing daily cycles and tracking systems.
• Continuous cycle improvement to maximize the impact of reporting and oversight in order to meet minimum standards.

Stakeholder Engagement

• Keep this in mind and ensure that operational risks are identified, modeled, controlled, and minimized.
• Manage the Middle Office's day-to-day responsibilities for tracking cash, property, and liquidity management transactions and reporting the results to senior management.
• Participate in the review, development, and testing of new market and management client systems, and develop solutions in response to client metrics, regulatory requirements, or other factors.
• Consult on cross-functional relationships, training, and collaboration with business leaders, while providing advisory support.

Technical Development & Process Improvement

• Identifies the latest technological advancements through systems analysis, team metrics, and workshop sessions to develop creative approaches to fund automation.
• Assist with and identify reporting and automation tools to improve business processes, reporting efficiency, and trade-line accuracy.

Specialist Competencies

• Working knowledge of fixed-income industry standards and instruments.
• Understanding of market-related issues and concepts (e.g., Bloomberg: CDS/Market).
• Experience with key credit portfolio and operational management systems, particularly fixed-income accounting software and complex trade reconciliation software such as iNet and Bloomberg.
• Have a solid understanding of operational controls that align with the firm's portfolio accounting practices. Understand the accounting frameworks for asset managers and other stakeholders.
• Familiarity with gross market exposure (hedging, correlation examples), and the ability to identify and resolve issues related to swap spreads and credit trades.
• Proficiently analyze quantitative data. Be able to generate reports that comply with regulatory frameworks and performance standards.
• Understanding of operational risk metrics and the regulatory transparency requirements relevant to a bank's fixed-income operations.
• Excellent communication skills, with the ability to collaborate effectively with front-office teams, operations, finance, and external administrators, and experience supporting the firm's operational and reporting functions.

Work Environment

• To thrive in a fast-paced environment that constantly presents new opportunities, you draw on everything you've learned to meet its demands and take on valuable projects that allow you to apply the skills you've acquired on an individual basis.
• Get closer to your team and clients, build relationships at every step, and improve your workdays, as well as your bottom line and the results of your innovation and career