With a traditional application-based operational model, the asset manager is dependent on vendors and, thus, sensitive to vendor loss. London EC2A 1BR, United Kingdom To complete the picture, service providers can provide standard, client-configurable data visualisation and reporting packages that sit on top of an asset manager’s proprietary data store/warehouse. Unfortunately this position has been closed but you can search our 270 open jobs by clicking here. SWIB undertook one of the industryâs most ambitious business transformation projectsâshifting its operations to a new model and taking its technology stack to the leading edge. Whether you need support for equity, fixed income, or multi-asset attribution, weâll empower your organization with the tools they need to make informed investment decisions. Keeping up with evolving client demand is critical to business growth, but legacy IT and operations are holding you back. The middle-office supports the front office, looking after risk management, corporate treasury, finance control, and strategic management. Questionable data quality/accuracy from the organisation’s core applications Are regulatory requirements keeping you up at night? The data management platform required for the new middle office can be provided as an extension of the suite of options provided by service providers. The provision of value by service providers. The future of large-scale data management platform solutions will require significant data storage capabilities, for which cloud-based computing is a natural solution. Mundane or not, the demands now being placed on the middle office are greater than ever – increased regulatory requirements, daily performance returns, closely monitored enterprise risk, and new client reporting challenges are putting unprecedented pressure on the middle office. To develop an efficient post-execution trade process that will grow with your firm, you need an in-depth understanding of trade processing technology, workflows, and services. One problem for firms is that implementing a true data management platform can be an expensive and risky undertaking. In addition to informing investment decisions, data distribution supports the daily maintenance of a data management platform. 6 Steven Norton, “Big Banks Starting to Embrace Public Cloud, Deutsche Bank Says,” The Wall Street Journal, 9 June 2016. Defining and implementing the required data validations, transformations, and the mastering process is a costly and time-consuming exercise that will require significant attention and resources on an ongoing basis. You can’t buy a single “middle-office system.” There isn’t one. The value of this shift is apparent in improved investment decision-making, risk mitigation and increased efficiency. Poorly presented data from the application This can extend to users relying on their own data visualisation and reporting tools to create their own presentation layer. How are middle-office service providers responding to these changes? The back office monitors the post-market processing of transactions: confirmation, payment, settlement and accounting. 3 “Middle Office: A hidden source of competitive advantage,” SEI, May 2016. System evaluation, selection and procurement are a significant undertaking. This data can now also be routed to the service provider’s data management platform. 2. Explain the role of the back office and its importance, including interbank transfers. Consider how reimagining the investment management support model and marrying data strategy to digital capabilities can affect middle office functions such as: The answer is to centralise data management, data stewardship, and data governance and to report data to consumers through an intuitive user interface. For asset managers looking to further leverage their partnerships with their service providers, or for those that do not want to invest in a data management programme, service providers are offering DaaS to their clients with access to the full suite of data management functions. Our consultants are well-versed on the fundamentals of modern client communications programsâfrom the provision of timely, accurate data, to the design of fit-for-purpose client reports, to establishing automated, exception-based workflows. Investment management firms face unprecedented challenges, including the exponential growth of data volumes, diminishing opportunities to generate alpha, and a looming arms race in artificial intelligence and machine learning. Firms would be hard-pressed to find a vendor application or service provider who has not moved, or is not exploring the option of moving, to the cloud, whether private or public. The new middle office governs the data used by the organisation and restores business user trust in that data. With our middle office automation solutions, we provide middle office transformation for asset management firms by delivering effective customer management In investment banking, the middle office usually consists of risk management, research and compliance departments, as well as some elements of technology. In addition, the management of the data used by vendor systems is controlled by the vendors, (e.g., the usage of vendor-supplied security master and market data). "The middle office is comprised of all the people in the business divisions that directly support the front office," says one senior banker. The Investment Manager Services division is an internal business unit of SEI Investments Company. The Middle Office team has responsibility for all processes relating to middle office services, act in partnership with HPWS PIM ICs and their CRMâs 3-5 years of experience in the brokerage or asset management industry Post-secondary degree in Finance or Accounting or accounting designation or equivalent experience CACEIS offers asset managers and institutional clients access to high-quality, industrialised, yet flexible solutions to best suit your specific requirements providing you with a significant degree of comfort, security and cost optimisation.