Contract Role: Equity Derivatives/CFD Operations Analyst (Middle Office)
Contract Location: London onsite full time Monday to Friday 08:30 - 18:30hrs
Contract Duration: 6 months initially (PAYE inside IR35)
Contract Start: 5th January 2026
This is an exciting opportunity to join Deloitte Operations for an engagement with one of our premiere Investment banking clients
Operations is a dynamic multi-faceted division that partners with all parts of the firm to provide banking securities and asset management services to clients around the addition Operations provides essential risk management and controls to preserve and enhance the firms assets and its reputation. For every new product launched and every trade executed it is Operations that develops and manages the processes and controls that enable business flow.
Prime Services in Europe provides front to back post-execution support to all equity based derivative activity for the Synthetic Products Group (SPG). The Middle Office function is a smaller area within the wider department and has critical focus on front office day to day risk and trading issues client queries corporate actions processing and strategic firm and business infrastructure projects.
The Role
We are looking for an experienced Equity Derivatives/CFD Operations Analyst (Middle Office) to join our Synthetic Client Middle Office within a leading Global Markets environment. This role is suited to someone with hands-on experience in equity derivatives CFDs (Contract for Difference) and synthetics equity products. Successful candidates will have the opportunity to use their skills to partner with the Securities Division and facilitate the growth of the Equities Prime Businesses.
Responsibilities:
The role will give you an opportunity to work in one of the fastest growing team in Operations. The Synthetic Client Middle Office primary responsibility is to support the SPG Trading Desk and its clients. The Trading Desk manage inventory across firm positions and provide pricing on synthetics and risk manage the trading books. The client base for SPG is made up of large institutions and hedge funds clients and the Middle Office team works closely with the Trading Desk and the Prime Brokerage Client Reps in making sure our clients needs are met.
Actively manage risk & P&L for all clients equity derivative trading accounts
Trade management timely allocation of a high number of synthetic trades & associated hedges across several flows & resolution of any resulting economic breaks
Query management efficient handling of incoming queries from clients custodians PB sales trading desks & other internal clients
Reconciliation trade reconciliation risk reconciliation and completion of tasks associated with control around the business
Identification of areas for improvement in processes
Documentation of procedures and process flows to help enhance our controls around the business
Daily review of control reports to ensure all trade bookings and risk management is accurate
Liaising with other teams to ensure timely resolution of queries
Required Skills and Experience:
Primary product experience must be CFDs (Contracts for Difference) including:
Trade management: Timely allocation of a high number of synthetic trades & associated hedges across a number of flows & resolution of any resulting economic breaks
Query management: Efficient handling of incoming queries from clients custodians PB sales trading desks & other internal clients
Identifying and improving operational process controls
Hands-on experience in Synthetics Equity and an understanding of how synthetic positions affect risk P&L and exposure.
Proven Middle Office experience supporting equity derivative products
Global Markets operations experience gained within a major investment bank or prime brokerage environment
Excellent client service skills with experience gained within a fast paced Client Service/ Operational role
Strong Team-working skills for working with both internal departments in London and globally
Excellent communication and interpersonal skills
Ability to thrive under pressure
CFD (Contract for Difference) Middle Office Synthetics Equity Equity Derivatives Global Markets