OTC Middle Office Analyst

Who You’ll Work With:

We are seeking a Nashville-based OTC Middle Office Analyst to join our OTC Middle Office team in the Derivative Operations. The Derivatives Operations Department is primarily responsible for the trade lifecycle management and controls of both Broadly Syndicated Loans (BSL) as well as standard and complex OTC Derivative activity across Rates, Credit, Equity and FX.  

What You’ll Do:

The OTC Middle Office Analyst will be responsible for OTC trade affirmation, capture and accounting for a diverse product set including but not limited to Interest Rate Swaps, Rate Swaptions, Credit Default Swaps, Credit Options, Credit Index Tranches, Equity Linked Swaps, Commodity Linked Swaps, OTC Equity Options, OTC Commodity Options, FX Options and Variance Swaps. You will be empowered to escalate and resolve trade-related issues with the Portfolio Managers and Trading Desk, making a tangible impact on our trading operations and contributing to the success of our funds. Additionally, you will take charge of managing BSL CLO reporting, working closely with AB’s loan servicing provider and CLO trustee to resolve cash, position, and data discrepancies for investor-facing reporting. This will require collaborating directly with CLO portfolio management team and traders to address escalations and resolve disputes, ensuring that our reporting is accurate and timely. Syndicated loans offer a doorway into alternative investments, a growing part of the investment landscape. The key job responsibilities include, but are not limited to:

• Ensure all aspects of BSL and OTC trade capture, affirmation, and allocations are carried out in a timely manner

• Interact with counterparties to ensure trade activity is agreed on trade date

• Perform upfront fee and termination fee calculations for relevant equity swap deals on trade date

• Assist with implementing industry initiatives as well as internal efficiencies and improvement

• Perform daily activity report validation

• Perform ad-hoc request support and analysis

• Ensure all aspects of OTC cash settlements are carried out in a timely manner

• Perform counterparty position and cash reconciliation for desks

• Interact with the portfolio manager for CLO reporting and various internal team for new CLO launches

• Promptly settle and track all outgoing and incoming payments 

• Perform fail management and break resolution

• Participate in Industry Calls and implementing industry initiatives as needed.

What We’re Looking For:

Our Middle Office Analysts typically have track records of outstanding professional performance or academic achievement, along with excellent analytical skills and financial skills as well as strong communication skills.  Candidates should have a strong ability to work in a collaborative environment and to present results to both expert and non-expert audiences. Our middle office analysts will use ClearPar, WallStreetOffice, Bloomberg, ICE, Markit, DTCC and Calypso extensively so a thorough understanding of these tools is required.

•  Bachelor's degree in Finance or Economics, or specialized training/ equivalent work experience.  Preferably 1-3 years of experience supporting middle office functions related to BSL, OTC, or listed Derivatives
• Solid understanding of a variety of financial products (equities, loans, fixed income and derivatives)
• Ability to work in a high volume, time-sensitive, high risk and demanding environment
• Excellent analytical skills in assessing risk and issues and finding ways to improve current processes
• Highly developed interpersonal and communication skills to effectively engage partners and work well at all levels, including senior management

About AB 

We are a leading global investment management firm offering high-quality research and diversified investment services to institutional clients, retail investors, and private-wealth clients in major markets around the globe. With over 4,000 employees across 57 locations operating in 26 countries and jurisdictions, our ambition is simple: to be the most trusted investment firm in the world. We realize that it's our people who give us a competitive advantage and drive success in the market, and our goal is to create an inclusive culture that rewards hard work. 

Our culture of intellectual curiosity and collaboration creates an environment where you can thrive and do your best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to our clients, we are fully invested in you. If you're ready to challenge your limits and empower your career, join us! 

All are encouraged to apply. AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, military or veteran status or any other basis that is prohibited by applicable law.  AB’s policies and practices seek to ensure that employment opportunities are available to all employees and applicants based solely on job-related criteria.