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Fixed Income Middle Office Jobs in Red Bank, NJ (NOW HIRING)

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Fixed Income Middle Office information

See Red Bank, NJ salary details

$26.2K

$52.8K

$79.5K

How much do fixed income middle office jobs pay per year?

As of Aug 23, 2026, the average yearly pay for fixed income middle office in Red Bank, NJ is $52,827.00, according to ZipRecruiter salary data. Most workers in this role earn between $41,000.00 and $60,500.00 per year, depending on experience, location, and employer.

What is a fixed income middle office?

A Fixed Income Middle Office is a team or function within a financial institution that acts as a bridge between the front office (trading, sales) and the back office (settlements, accounting) for fixed income products such as bonds and other debt securities. Their primary responsibilities include trade support, risk management, trade confirmation, position reconciliation, and ensuring compliance with regulations. By managing these processes, the Fixed Income Middle Office helps to reduce operational risk, ensure accurate trade capture, and support the smooth functioning of fixed income trading activities.

What are the key skills and qualifications needed to thrive as a fixed income middle office professional?

To thrive as a Fixed Income Middle Office professional, strong analytical skills, attention to detail, and a background in finance or economics are essential, often supported by a bachelor’s degree. Familiarity with trade capture systems (such as Murex or Bloomberg), risk management tools, and knowledge of regulatory frameworks are typically required. Exceptional problem-solving abilities, communication, and the capacity to manage multiple priorities help individuals excel in this role. These skills ensure accurate trade processing, risk mitigation, and efficient coordination between front and back office teams, which are critical for smooth operations in fixed income markets.

What are some common challenges faced in a fixed income middle office role and how can they be managed?

One of the main challenges in a Fixed Income Middle Office position is ensuring accurate trade capture and timely resolution of trade breaks between front office, back office, and counterparties. This often requires strong attention to detail and effective communication skills, as you will need to coordinate with multiple teams to reconcile discrepancies and manage settlements. Adapting to frequent regulatory updates and sophisticated financial products can also be demanding, so ongoing learning and process improvement are key. Building strong relationships across departments helps streamline issue resolution and supports operational efficiency.

What is the difference between Fixed Income Middle Office vs Fixed Income Operations Analyst?

AspectFixed Income Middle OfficeFixed Income Operations Analyst
ResponsibilitiesRisk management, trade support, reconciliation, and reporting for fixed income securitiesProcessing transactions, settlement, and ensuring trade accuracy in fixed income securities
Required SkillsKnowledge of fixed income products, risk systems, and reporting toolsTrade processing, settlement procedures, and operational systems
Work EnvironmentCollaborates with traders, risk managers, and compliance teamsFocuses on transaction processing and back-office functions
Common CertificationsFRM, CFA, or similarNone typically required, but certifications like CFA are beneficial

While both roles support fixed income trading activities, the Fixed Income Middle Office focuses on risk management, trade validation, and reporting, whereas the Fixed Income Operations Analyst handles transaction processing and settlement. The middle office role is more analytical and strategic, often requiring risk certifications, while operations are more process-oriented and transactional.

What are popular job titles related to Fixed Income Middle Office jobs in Red Bank, NJ?

For Fixed Income Middle Office jobs in Red Bank, NJ, the most frequently searched job titles are:

What job categories do people searching Fixed Income Middle Office jobs in Red Bank, NJ look for?

The top searched job categories for Fixed Income Middle Office jobs in Red Bank, NJ are:

What cities near Red Bank, NJ are hiring for Fixed Income Middle Office jobs?

Cities near Red Bank, NJ with the most Fixed Income Middle Office job openings:

Fixed Income Middle Office jobs near you
Infographic showing various Fixed Income Middle Office job openings in Red Bank, NJ as of August 2026, with employment types broken down into 100% Full Time. Highlights an 70% In-person, 20% Hybrid, and 10% Remote job distribution, with an average salary of $52,827 per year, or $25.4 per hour.

Business Unit Control - Fixed Income Financing

Millennium Management LLC

New York, NY • On-site

$160K - $250K/yr

Full-time

This job post has expired today. Applications are no longer accepted.

Millennium Management rating

7.0

Company rating: 7.0 out of 10

Based on 12 frontline employees who took The Breakroom Quiz

Job description

Business Unit Control - Fixed Income Financing
About Millennium
Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium's mission is to deliver results for our investors.
Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact.
Meet the Team
Operations & Middle Office is one of the firm's largest departments and plays a critical role across the post-trade lifecycle. Within this environment, teams provide oversight, controls, reporting, and operational partnership across key business activities. This team works closely with Treasury, financing desks, Portfolio Managers, and infrastructure partners to support a controlled, transparent operating model across secured funding activity, financing economics, and day-to-day business management.
What You'll Do
• Act as the primary middle office lead for fixed income financing activity and serve as a key coordination point across the Repo Desk, Portfolio Managers, Treasury, Middle Office, and Operations
• Own Fixed Income funding desk P&L attribution, explain, and review, including daily analysis and leadership of monthly and quarterly desk review processes
• Lead projects and strategic initiatives related to fixed income financing, including process improvements, control enhancements, policy change tracking, implementation, and P&L sign-off
• Build and maintain the Repo Desk reporting suite across funding activity, balances, allocations, financing costs, haircuts, exceptions, and key management metrics
• Provide oversight across a broad range of secured financing activity, including overnight, term, tri-party, sponsored, and other repo structures
• Monitor external repo haircuts, assess changes and trends, and escalate items with P&L, liquidity, or control implications
• Support the onboarding of new Fixed Income Portfolio Managers by helping establish financing processes, reporting, and allocation methodologies
• Strengthen the governance and control framework across financing support processes, including exception management, documentation, escalation, and continuous process improvement
What You Bring
• 5+ years of fixed income funding experience across Middle Office, Product Control, or a related control function within a hedge fund, asset manager, bank, or broker-dealer
• Strong understanding of fixed income products, repo financing, and securities financing workflows
• Strong background in P&L analysis, attribution, reporting, and control oversight
• Knowledge of repo structures, including overnight, term, tri-party, and sponsored repo
• Experience leading business change, strategic initiatives, or process improvement efforts
• Strong communication and stakeholder management skills, with the ability to engage confidently with front office and infrastructure teams
• Advanced Excel skills required; SQL, Python, or reporting and visualization tools are advantageous
Salary Range
Millennium offers a total compensation package which includes a base salary, discretionary performance bonus, and comprehensive benefits. The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. When finalizing an offer, we take into consideration an individual's experience level and the qualifications they bring to the role to formulate a competitive total compensation package.

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