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Operations - Middle Office Associate

United Kingdom, London · Job Posted January 10, 2026
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Job Description

In your role as Operations - Middle Office Associate, you will make a meaningful and valued contribution from the outset. This role will provide a great opportunity to provide operational support to Public & Private Markets teams. This role sits with the Public Markets team, working within the Middle Office. The role will provide exposure to our end-to-end process of Public Markets Operations working closely with the front office teams and support areas in performing day-to-day tasks & delivering business readiness for new initiatives impacting the Operations team. The Middle Office is responsible for the day-to-day core trading support of the scheme & all aspects of a Middle Office function, which includes oversight of key third party relationships. The scheme invests in a broad range of assets and a flexible can-do attitude is required.

Job Responsibility

  • Performing trade/OTC support duties on all aspects of public markets assets, including oversight of key third parties, where applicable
  • Performing Collateral management duties & oversight
  • Contributing to a shift from ‘doing’ to ‘oversight’, on Collateral/Trade support, contributing to relevant metric and data collation to ensure adequate oversight processes
  • Performing scheme Funding & Cash management duties
  • Liaison with the Third-party providers for core middle office services (JP Morgan) & clearing brokers
  • Interaction with trading desks to ensure a smooth middle office support model
  • Identify & deliver improvements to day-to-day process
  • Support business initiatives impacting team & deliver into day to day
  • Build a strong relationship with USS colleagues
  • Develop close working relationships with third party service partners & trading desks
  • Look for training opportunities to enhance skills
  • Improve personal skill matrix score each year

Requirements

  • Business/Operational experience of working with a wide range of assets & awareness of investment products, including lifecycle and awareness of downstream flows (e.g. collateral, accounting etc)
  • Financial experience (required)
  • Buy side or Outsourced Oversight experience (preferred)
  • Business qualification advantageous – IMC/IOC
  • Experience of Bloomberg AIM an advantage
  • Problem solving with independent thought
  • Attention to detail
  • Can do attitude
  • Ability to work independently
  • Good Excel skills

Nice to have

  • Buy side or Outsourced Oversight experience
  • Business qualification – IMC/IOC
  • Experience of Bloomberg AIM

What we offer

  • Great starting salary
  • Generous annual leave package
  • Access to a high quality pension scheme provided through Universities Superannuation Scheme
  • Supportive people policies (including enhanced occupational sickness pay and family friendly pay)
  • Financial contributions towards your personal development to help you maintain your physical and mental wellbeing
  • Access to a range of health and wellbeing services i.e., private healthcare, discounted gym membership
  • Learning and development opportunities to develop your skills, knowledge and talent
  • Employee Volunteer Day’s to support the communities where you work and live
  • Cycle to Work Scheme

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