Financial Services

Associate, Middle Office

New YorkOnsiteFull TimePosted 1 month ago

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Required skills

settlements
trade lifecycle
confirmation
settlement
reconciliation
break resolution
position reconciliation
cash reconciliation
trade reconciliation
margin

Nice to have

Enfusion
Acadia
Bloomberg
Alteryx
Power BI
Python

Role summary

Nearwater Capital is seeking an Associate for its Operations team to support its Liquid Markets, Risk Retention, and Capital Markets business lines. This role involves full ownership of the trade lifecycle for various transactions, including commercial paper, repo, fixed income, and swaps. Responsibilities include trade capture, confirmation, settlement, reconciliation, break resolution, and collateral management. The ideal candidate will have 2-5 years of financial services operations experience, a strong understanding of the trade lifecycle, and proficiency in Excel. Experience with specific products like commercial paper, repo, or total return swaps, and familiarity with systems like Enfusion or Bloomberg are preferred. This is a highly visible, hands-on role within a small team, requiring strong communication and problem-solving skills, with a commitment to working onsite in the New York office.

THE OPPORTUNITY

Nearwater Capital’s Middle Office team supports the firm’s three business lines: Liquid Markets, Risk Retention, and Capital Markets. We are looking for an Associate who will work across all three, rotating through products rather than sitting with one. You will own the full trade lifecycle for commercial paper, repo, fixed income, and swap transactions, working directly with the front office, counterparties, and custodians. This is a hands-on seat on a small team.

WHAT YOU'LL DO

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 go-to middle office and operations contact for front-office teams across Liquid Markets, Risk Retention, and Capital Markets

Cover for teammates across products, so the team always has depth

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

WHAT WE'RE LOOKING FOR

Required:

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 (reconciliations, break aging, sign-offs) with minimal errors

Experience with at least two of the products this role covers (equities, fixed income, repo or total return swaps/interest rate swaps), and a clear record of picking up new ones quickly

Strong Excel skills

Clear written and verbal communication with front office and counterparties

Comfort working in the New York office five days a week

Preferred:

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 (for example, data handling with pandas, file and report automation, or simple desktop or internal apps)

Build and maintain Python tools that automate reconciliations, break reporting, and other manual workflows, including desktop applications used by the team, with documentation and testing so others can rely on them

Comfort using AI coding assistants to build and maintain code, with the judgment to test, validate, and explain what the code does before it touches production data

HOW YOU WORK

You take ownership of an issue and see it through to resolution

You treat a break as urgent until you know the cause

You learn a new product quickly and ask sharp questions along the way

You communicate clearly when something goes wrong, with the facts and a next step

You share what you know so the team can cover for each other

WHAT YOU'LL GET

Exposure to every business line, so you build a full view of the trade lifecycle rather than a single product

Direct access to senior operations leadership and the front office

Ownership of process improvements that you design and see through

A small team where your work is visible and your coverage grows with your skills

Who We Are

Nearwater Capital is a rapidly growing and innovative specialty finance company headquartered in New York City with a global presence and client base. Established in 2017, Nearwater has distinguished itself as a leader in delivering thoughtful, solutions-based financing to some of the largest financial institutions and financial services firms in the world.

Nearwater offers an attractive market compensation and benefits package. As a creative, intellectual capital firm, Nearwater is proud to be 100% work from office.Nearwater Capital considers all applicants without regard to race, color, religion, national origin, age, sex, civil status, family status, ancestry, physical or mental disability, veteran status, gender identity, sexual orientation, membership of the Traveller community, or any other characteristic protected by applicable law in the jurisdiction of employment. By applying, candidates acknowledge that their personal data will be processed in accordance with applicable data protection and privacy laws, including but not limited to the EU/UK General Data Protection Regulation and applicable US state privacy laws.

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