Northern Trust
Consultant, Clearing & Settlement, HFS (Finance)
Department: MO Trade Processing, HFS
Summary: Hedge Fund Services at Northern Trust is a rapidly expanding Global fund administrator supporting complex hedge fund clientele. Clearing & Settlements team supports a variety of administrative functions revolving around the trade lifecycle for a hedge fund such as, trade capture, trade affirmation/trade transmission, break resolution, event processing, trade settlement, etc. The position requires an individual with knowledge in financial markets and middle/back office experience.
Key Duties and Responsibilities:
•Manage multiple customers and business lines within a fast-paced, challenging environment
•Liaison between clients' trading desks and their prime brokers, exchanges, counterparties, to ensure timely settlement and efficient resolution of identified breaks.
•Perform and oversee all processes related to daily trade break resolution for equity products - stocks, bonds, warrants as well as listed options and futures.
•Build knowledge of exchange traded asset classes and fixed income products
•Oversee and manage processes by establishing controls, creating efficiencies/streamlining and ensuring accuracy in execution
•Monitor trade posting process and upload trades to prime brokers
•Monitor trade affirmation process to ensure proper allocation/delivery from counterparties
•Resolve failing trades with Prime Brokers and counterparties to facilitate delivery
•Communicate effectively with team members to provide excellent service to our clients
•Work with the Reconciliation & Control team to ensure the accuracy of internal books and records
•Build and maintain internal and external relationships.
•Cross train with other areas within Clearing and Settlements.
•Perform other related duties as required
Minimum Qualifications (Education, Experience, Skills):
Education:
Bachelor's degree in Finance, Accounting or related field
•3-5 years experience in exchange traded securities and/or settlement operations preferred, but not required
•Experience with DTC, SWIFT, Global and Central Trade Manager preferred not required
•Proficiency in Microsoft Office (namely excel), some experience with Bloomberg preferred, not required
•Excellent attention to detail with written and oral communication.
•Ability to manage multiple tasks and meet deadlines in very time-sensitive conditions
•Knowledge of basic accounting principles and familiarity with financial markets and instruments
•Holds themself accountable and is passionate about delivering high quality work and servicing clients
Physical Demands and Work Environment: Must be able to interact and communicate with co-workers, clients and vendors in a clear, thorough and concise manner. Work environment and physical demands are those normally associated with office work setting, including frequent use of the computer and telephone. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential job functions unless those accommodations would impose an undue hardship or constitute a direct threat.
About Northern Trust: Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With over 130 years of financial experience and nearly 20,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Working with Us: As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!
We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why we are honored to receive the following awards in 2021:
•Gender Equality Index Member, Bloomberg
•Top Financial & Banking Company, Black EOE Journal, Hispanic Network Ma
•gazine, Professional WOMAN'S Magazine
We'd love to learn more about how your interests and experience could be a fit with one of America's best banks and most sustainable companies! Build your career with us and apply today.