Employee Middle Office Am Milano

Employee Middle Office Am
Milano
Lombardia, Milano

Banca Generali is a leading company in Italy in private banking, able to offer its customers the best strategies for effective financial planning.

Middle Office AM guarantees active and suitable support to the Front Office Units dedicated to Portfolio Management.

Middle office in particular, it carries out the following activities

- validation of the operational simulations of the portfolio managers and filing of the controls;

- communication to the various Front Office units of the authorization to transmit orders to market;

- communication to the various Front Office units of the instructions given by customers: mandate opening, contributions, withdrawals, changes in the investment line, closings, transfer of financial instruments;

- receipt of specific instructions given by customers, and validation of their formal correctness;

- liquidity control for the execution of the simulated orders preparation of actions aimed at making available the need for liquidity for the accounting of fees, expenses, taxes and stamp duty;

- control of the asset allocation weights with respect to the operations planned;

- verification of the execution performed on the real portfolio of the representative sample of the entire related investment line;

- verification of the successful completion of all orders sent daily;

- liquidity control for the execution of the operations performed;

- accounting of UCITS positions with counterparties;

- check that the conferred securities on the mandates have been previously validated and managed by the Head of the various Front Office unit;

- monitor that all related activities are compliant with management standards as well as the limits relating to conflicts of interest;

- management of the table containing the management and contractual limits of each management line;

- periodic monitoring and in any case at least once a month, of the emergency of the mandates to the management and contractual limits and to the model portfolios;

- at least monthly check of compliance with the limits relating to conflicts of interest;

- support to the Risk and Capital Adequacy Department (which carries out activities aimed at monitoring the risk-return of the portfolios under management) for the periodic unloading of the positions of the management lines;

- monthly drafting of the "Middle Office Report", a document which summarizes the results of the main control activities carried out.

Must have:

Knows the Microsoft Office package (Excel and PowerPoint at an advanced level)

Knowledge of English

Spirit of initiative, positive and dynamic approach in teamwork

flexible and innovative approach in facing the challenges and difficulties in achieving the objectives assigned within the set deadlines.

Nice to have:

He/She is passionate about finance and knows the functioning and dynamics of financial markets

Knowledge of French language

Knowledge of Mifid II regulations