The Apex Group was established in Bermuda in 2003 and is now one of the worlds 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.Thats 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 well 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 youThe Role & Key Responsibilities: Liaising with front office, prime brokers, as well as counterparty and executing brokers on operational/settlement mattersTrade support for various fixed income products including (but not limited to) Credit Default Swaps, CDS Indices and CDOs, including bilateral DTCC settlement and cleared trades.Review of Daily Compliance checksExecute all aspects of trade capture and settlement in a prompt and accurate mannerProcess non-automated transactions including OTC derivatives and their related cash movements.Process Trade affirmation and confirmation.Investigate and follow-up on trading related discrepanciesComplete general trading desk support activities, ad hoc tasks and analyses as requiredEnsure 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 reportsAssist 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 accrualsReview the PNL before delivering the report to client.Assist with daily risk and end of day reporting, including some performance measurement and attributionManage existing financial control procedures and proactively identify opportunities for improvement or enhancement to the existing processes and controlsProtect investors by independently checking for accuracy and identifying and challenging any deviations from procedures and policies in an informed and professional mannerBook, instruct and coordinate timely transfer of securities and cash movements with utmost accuracy and precisionSkills Required:Bachelor of Science in Accounting/Finance, or a relevant qualificationUnderstanding or knowledge of various security types Bonds, Equities, Futures, CDS, CDS Indices, Forwards, ABS, MBS, TRS, etc.Understanding of trade lifecycleKnowledge and understanding of securities and other financial instruments with an emphasis on Fixed Income Instruments.Cash and position reconciliation, P&L and other accounting reportsComputer proficiency with advanced knowledge of Microsoft Office Suite, familiarity with Calypso, Bloomberg VCON, Markit, IceLink,, DTCC preferredRole-Specific Competencies/Skills:Strong client service and interpersonal skillsStrong communication and analytical skillsStrong organisational skillsAccurate and acute attention to detailAdaptability - able to change tasks quickly as business needs dictateUses discretion when dealing with sensitive and confidential informationExcellent oral and written communication skills and demonstrated ability to adapt communication style to audienceProven ability to prioritize responsibilities, manage time effectively and meet deadlines accordinglySelf-motivatedPunctualityWhat you will get in return:A high level of visibility within a large organization on an upwards trajectoryThe ability to define marketing processes to drive innovation and have a tangible impact on the businessBe part of a dynamic and fast-paced team that makes a genuine impact on revenue and sales pipeline.Exposure to all aspects of the business, cross-jurisdiction and to working with senior management directly.Opportunity to work with a diverse, agile and global marketing team.The opportunity to innovate, bring discipline to brand activity and really make a difference.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.
Job Title
Middle Office Services