About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Role
The job requires working for a Global Hedge Fund Administrator, specializing in administering assets of simple to complex hedge funds. The position involves verification/affirmation and break resolution of trades related to all the Clients for OTC products. The process also involves break investigations related to OTC cash flows on a daily or Monthly basis.
Major Duties
Confirmation of all OTC trades on electronic platforms or on paper (scanned) where required
Liaison between trading desk, reconciliation and control group, and counterparties to resolve any economic discrepancies on trades in timely, efficient manner
Understanding and managing settlement of swap cash flows associated with OTC products, including upfront fee, unwinds, quarterly premium and resets
Analyze key economic breaks (affirmation) and key discrepancies (confirmation)
Understand and minimize risk associated with trade mismatches
Prioritize time accordingly to action trade breaks by end of day
Understand and process trade activity in accordance with established operations policies and procedures
Review booking of corporate actions and dividends/coupons to ensure it affects the position and p/l properly
Accountabilities
Employees are required to comply with the regulatory regime in which Northern Trust operates as appropriate to the above role
Employees are expected to exercise due care and diligence, ensuring the areas the incumbent is responsible for are organised and controlled
Employees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties
Skills
Able to work and collaborate with the team
Good analytical, numerical and reasoning skills
Time management and delegation skills
Deep understanding of process and process improvement
Knowledge of Excel and other Microsoft applications
Excellent English, grammar, written and oral communication skills
Adaptive, flexible style with the ability to work in a dynamic, fast-paced environment
Qualifications:
Bachelor’s degree with emphasis in Finance or any quantitative discipline. Post-graduate certifications and degrees are not required but desirable
Basic understanding of different OTC derivatives such as forwards, options and swaps
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.