Middle Office Support Specialist

The Federal Home Loan Bank of Chicago•Chicago, IL

46d•Onsite

About The Position

The Middle Office Support Specialist is an entry level role, responsible for timely and accurate trade entry into the Bank's core operating software. The role requires ensuring that there is a continual focus on control throughout the trade process; overseeing the entire trade lifecycle including trade reconciliation, confirmation, and settlement. Products traded range from debt securities, investments, futures, swaps and TBAs.

Requirements

Bachelor's Degree, preferably in Accounting, Finance, or Information Systems or 1-3 years of equivalent experience
Intermediate MS Office skills in Excel, Word, Outlook. Pivot table analysis and building macros with VBA a plus.
Knowledge of financial transactions including fixed income and derivatives
Strong communication skills and comfortable cultivating relationships with peers and all levels of management
Detailed-oriented with the ability to independently prioritize and manage competing priorities, identify and resolve issues with limited supervision
Analytical and quantitative aptitude
Adaptability to learn new tasks & demonstrate willingness to understand the details of a process
Ability to examine a process and explain it to others
A trusted, reliable and creative team member

Nice To Haves

Experience in SQL coding, data analysis, strong understanding of relational database design a plus
Knowledge of Summit system experience, understanding of Summit trade configuration and setup a plus

Responsibilities

Facilitate the processing of all the Bank's capital market related transactions which have a direct impact on downstream financial reporting
Enhancing efficiency through collaboration with multiple stakeholders by continually seeking ways to streamline processes and improving workflows
Contribute to operational excellence by maintaining a strong control environment throughout the trade lifecycle, reducing errors, and supporting compliance with internal policies
Work with other Middle Office team members to ensure the timely, accurate entry and verification of all trades entered into the Summit system
Perform necessary Middle Office tasks to ensure stability of work and have direct contribution to operational control framework
Amend positions in systems (including input, cancellations, edits of trades, etc.) according to the defined procedure and event
Perform and review necessary reconciliations and investigate any outstanding reconciling items
Daily interaction and communication with trading desks on executed trades
Work closely with accounting to resolve any accounting related breaks
Understand system flow and front to back operations of trade processing, including settlements and confirms
Investigate transaction issues and ensure all issues are dealt with effectively and resolved accordingly in a timely manner
Ongoing enhancement of existing processes and procedures
Assist with ad hoc inquiries

Benefits

highly competitive compensation and bonus package
access to a comprehensive benefits program designed to meet the needs of our employees
Retirement program (401k and Pension)
Medical, dental and vision insurance
Lifestyle Spending Account
Competitive PTO plan
11 paid holidays per year

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