Associate – Middle 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