Associate, Middle Office
About The Position
Nearwater Capital is hiring an Associate for its Middle Office team, which supports the firm’s Liquid Markets, Risk Retention, and Capital Markets business lines. The Associate will work across all three business lines, rotating among products, and own the full trade lifecycle for commercial paper, repo, fixed income, and swap transactions. This is a hands-on role on a small team, involving direct work with front-office teams, counterparties, and custodians. The position is based in Nearwater’s New York office five days a week. Nearwater describes itself as a rapidly growing specialty finance company headquartered in New York City with a global presence and client base. The company offers market compensation and benefits and operates 100% from the office.
Requirements
- 5 to 8 years of experience in middle office, operations, or settlements at a financial services firm.
- Working knowledge of the trade lifecycle, including confirmation, settlement, reconciliation, and break resolution.
- Track record of owning daily controls, including reconciliations, break aging, and sign-offs, with minimal errors.
- Experience with at least two covered products; the posting lists equities, fixed income, repo, and total return swaps/interest rate swaps in this requirement.
- Strong Excel skills.
- Clear written and verbal communication with front-office teams and counterparties.
- Comfort working in the New York office five days a week.
- Ownership of issues through resolution, urgency in investigating breaks, ability to learn products quickly, clear communication when issues arise, and willingness to share knowledge so teammates can provide coverage.
Nice To Haves
- Experience with commercial paper, repo, fixed income, total return swaps, or collateral and margin.
- Familiarity with Enfusion, Acadia, or Bloomberg.
- Hands-on Python experience building tools or scripts used in a real workflow, such as pandas data handling, file and report automation, or simple desktop or internal applications.
- Comfort using AI coding assistants and the judgment to test, validate, and explain code before it touches production data.
Responsibilities
- Capture, confirm, and settle trades across commercial paper, repo, fixed income, and swaps.
- Monitor settlement, resolve fails and breaks, and escalate issues with clear context and a proposed fix.
- Complete daily position, cash, and trade reconciliations across business lines, clearing breaks with counterparties, custodians, and internal teams.
- Support margin and collateral operations, including IA/IM/VM calls and dispute handling.
- Serve as a middle-office and operations contact for front-office teams across Liquid Markets, Risk Retention, and Capital Markets.
- Cover for teammates across products to ensure the team has adequate coverage.
- Maintain accurate books and records, and coordinate with Finance, Compliance, and Technology on reporting, controls, and system changes.
- Contribute to process improvement initiatives, documentation, and procedure build-out.
- Build and maintain Python tools to automate reconciliations, break reporting, and other manual workflows, including desktop applications used by the team; document and test tools so others can rely on them.
- Use AI coding assistants with judgment, testing and validating code and explaining what it does before it touches production data.
Benefits
- Attractive market compensation and benefits package.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
