This is middle office right?

Portfolio Analyst - Derivatives Job Description: To provide high quality quantitative and analytical support to Investment Management Derivatives team while working on the continuous development of the derivatives infrastructure. Maintain and enhance existing programs while developing sophisticated models to support various derivatives projects. Instruments include interest rate derivatives (e.g., ET futures, options on ET futures, Swaps, Swaptions) and credit derivatives (e.g., CDX, CDS Swaptions, single name CDS, CDX tranches, etc.) Responsibilities/Duties: Support rates and credit for pre-trading, allocations, and reporting Support the Index+ and overlay accounts Compile and distribute daily and weekly research on rates and credit, as part of the derivatives team Build pricing models and trading blotters for new and existing derivative instruments and strategies Build relative value models in rates and credit space Work with the pricing, risk and analytics team to resolve issues Work with the back-office team on settlements, collateral, etc. Work on other ad-hoc projects independently and with the quant team Work with all other desks to pitch trade ideas, allocate trades, and report positions Competencies: Strong quantitative/analytical background Sound understanding of of principles of fixed income securities and financial markets Basic knowledge of OTC and exchange-traded derivatives Excellent knowledge of Excel and Add-Ins (FinCad a plus) Knowledge of Visual Basic programming a plus Proven capabilities working with industry-related systems (i.e., the ability to pull positions, exposures, etc. for pre-trade and allocations) Strong attention to detail Capacity to work with all other desks to pitch trade issues, allocate trades, and report positions Capacity to follow-up with middle and back office on trading, settlement, pricing, and collateral issues Academic Qualifications (Minimum Requirements): Masters level degree in Financial Engineering or related discipline preferred; Bachelor’s degree in related discipline minimum. CFA and/or willingness to pursue.