Middle Office Analyst
About Verto
At Verto, we're on a mission to democratise global finance and empower businesses in Emerging Markets to reach the world. Founded by British-Nigerian entrepreneurs Ola Oyetayo and Anthony Oduu, our roots in Africa provided a firsthand understanding of the significant challenges businesses face with cross-border payments, ranging from illiquid currencies and high fees to slow transactions. This deep-rooted insight is why Africa remains a core focus, as we're committed to bridging the gap between emerging and developed markets and fostering global economic growth.
What started as an FX solution for the Nigerian Naira has evolved into a market-leading platform, enabling thousands of businesses to seamlessly transfer billions of dollars annually. We believe that where you do business shouldn’t determine your success or ability to scale. We're creating equal access to the easy payment and liquidity solutions that are already a given in developed markets.
We're not alone in realising this crucial need; we're backed by world-class investors including Y-Combinator, Quona, and MEVP. With Verto receiving the Milken-Motsepe Prize, appearing on CNBCs list of fastest growing UK companies, the Deloitte Fast 50 and Sifted’s fastest-growing UK tech companies, we are building a seamless cross-border payment future.
Join us as we continue to grow and transform global finance.
Role Overview
We are seeking a talented and motivated Middle Office Analyst to join our growing team. Reporting to the Middle Office Manager. You'll be a key player within the Middle Office function, responsible for the daily management of Verto’s treasury and payment liquidity, FX trade risk management and Trading desk support.
What You'll Be Doing
Payment liquidity/treasury management, to meet all daily settlement requirements.
Ensuring we are able to deliver fast client settlement while meeting our daily customer funds safeguarding and partner credit line obligations.
Oversee the recording treasury transactions to our internal systems.
Sourcing, validating and sharing daily data requirements required for treasury funds and credit facilities.
Reconciliation of treasury funds, ensuring funds are tracked and positions are kept in accordance credit facility terms and internal thresholds.
Reconciliation and monitoring of daily OTC trading currency and trade positions.
Management of customer FX trade settlements, ensuring late settled trades are followed up and closing positions where needed.
Ensuring timely settlement of funds owed to customers for OTC transactions.
Management of spot FX booking and controls, including booking cover positions and monitoring for any P&L variances or uncovered positions.
Providing post-trade support for OTC customers and internal stakeholders. Primary internal stakeholders include the Trading Desk and Operations for daily liquidity and trade management and Finance for revenue reporting information and controls.
Client credit position management, for daily advance settlement credit line requests.
Providing managementinformation and analysis for any OTC customer credit line requests and monitoring open credit exposure.
Tracking daily currency exposure and positions, monitoring against any limits and our internal liquidity line usage.
Implement process and system improvements to enhance or efficiency, deliver customer experience improvements and reduce risk.
What You Need
Minimum 2 years experience in a middle office, operational risk, treasury or similar role within a bank or a payments company.
Knowledge of the fundamental concepts of FX, middle office, and treasury.
Good understanding of risks associated with FX and payments, and a background in developing risk management controls.
Experience in cash management and managing liquidity processes.
Proficiency with data analysis tools like Excel/Gsheets.
Strong communication skills, with the ability to confidently interact with internal teams, clients and external banking partners.
Track record of delivering enhancements such as efficiencies, client experience improvements and reducing risk.
What We'd Like To See
Prior experience working directly in a Middle Office, Treasury or Operational Risk role.
Demonstrated ability to identify and implement operational improvements.
A highly motivated, proactive, and solution-focused mindset, with a desire to take ownership and improve processes.
Life At Verto
Perks
Insurance paid by the company
Health and wellness benefits (with specific added benefits depending on the location of the role)
Yearly salary review based on inflation, personal and business performance
Access to entire Udemy’s library
Budget for professional development courses
Work-From-Anywhere policy for certain durations
Integration programme (opportunity to work from our global offices)
Regular team social events
Pension scheme (depending on the role location)
Flexible work arrangements
Exposure to work with globally distributed teams
Location specific benefits like car lease policy, cycle to work, gym membership, etc.
You’ll Fit Right In If You
Love asking “why?”
Value solving problems over just completing tasks
Understand sync vs. async communication practices
Thrive in ambiguity and change
Actively seek feedback
Prioritise impact over activity
Are fun to work with - we love good humour!
Culture
Mission-Driven Impact Work: Be at the forefront of simplifying cross-border payments, directly contributing to a borderless future for global businesses, particularly in emerging markets.
High Performance & Ownership: We empower you to take risks, be results-driven, and take ownership. Act fast, deliver impactful results, and make the impossible possible. We set you up for success.
Collaborative & Supportive Environment: We work "as one," sharing successes and failures openly. We foster a transparent, supportive atmosphere where everyone does their best. A community of colleagues from varied backgrounds, who care deeply about their craft, collaborate with purpose, and enjoy the journey together.
Industry Competitive Compensation & Benefits: We compensate our employees in recognition of the great value they bring to the business; our compensation and benefits package are competitive in the industry across all our geographies. This includes performance based salary reviews, comprehensive health and wellness benefits, generous paid time off and flexible working arrangements to support your career and life.
Our Core Values: Our core values mirror the focus we have, energy we bring to work and shared expectations within the team.
Champion the Mission: We are driven by curiosity and belief to solve cross-border payments pain points globally.
Be the Best: We are open, take appropriate risks, adopt a results-driven approach, and are the best at what we do.
Work as One: We are transparent with sharing failures and mistakes as well as successes.
Go the Extra Mile: We deliver beyond what is possible. We make impossible possible.
Customer First: We are creative in solving existing problems and bold in designing a new and better experience for customers.
Run with It: We are determined, seek challenges, take ownership of tasks, act fast and deliver results.
Diversity & Inclusion at Verto
Verto is an equal opportunities employer and we value diversity. Anyone seeking employment at Verto is considered based on Merit, Competence, Qualifications and their Talent. We are proud to be a truly international team and we do not discriminate in our hiring process.