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 Summary

This role is based in NOSAI under Capital Markets, Securities Finance. The team provides operational support to securities finance trade desk in respect of trade support, settlements and collateral functions for Northern Trust’s clients in all markets where we operate & also supports northern trust’s agency lending program, a number of client directed lending arrangements and third party lending activities. The position reports to the Section Manager.

Major Duties:

Serve as the first level of management and escalation

Develops and maintains subject level expertise in the product.

Should be able to understand organizational & division goals, strategies and should be able to help connect to the team’s performance in achieving the same

Ensure that the KPI/KRI/QAI are being performed in a timely manner

Responsible for allocation of work to the team and other day-to-day management responsibilities

Organizes the work of the team, develop periodic goals, assigns tasks, sets short-term priorities, monitors all activities and ensures timely and accurate completion of the work

Identify error or risk prone areas within the team & build robust controls to mitigate the same and work with the Section Manager to test internal controls not only within the sub function but across all sub functions and report accordingly

Conducts performance management and provides monthly and regular feedback to staff on core task performance. If needed, escalates to the next level in case of staffing and disciplinary actions to be addressed.

Displays extremely high ownership for both the team and the process. Steps up and makes effective decisions wherever and whenever required.

Ensure that the team understands and works within ethics, code of conduct and professional standards that guide and govern the business and working within the guidelines set by the regulatory regime in which Northern Trust operates as appropriate to the role

Work and effectively engage the team. Help the team members through their employee journey to ensure that the organization is able to retain best talent.

To coordinate, facilitate, plan and conduct cross trainings across the division on soft skills, interpersonal skills and process based requirements.

Developing and leading a team which is responsive to dynamic organizational and operational changes.

Supports the management in fostering a high performance culture where people are empowered to make decisions that affect their work/environment.

Regular reviews of process documentation assuring that changes are documented on a timely basis

Build and maintain strong relationships with Team members, Middle Office and other relevant partner areas such as Risk, Audit, and HR etc.

Acts as a back-up for the Section Manager and also contributes to MIS reporting

Participates/drives efficiency project(s) at division or practice level

Minimum Requirements

Graduate from Business, Economics, Accounting or Banking & Finance disciplineMinimum 8 years of work experience in financial industry, prior people management exposure will be given preferenceCandidate having prior experience and background with Securities Operations is highly preferredMust be flexible to work in shifts and/or on a rotational basis

Knowledge and Skills

Must possess excellent interpersonal and communication skills

Should be confident while conversing with people and audience

Should be an effective listener

Ability to adapt quickly to new situations and initiatives

Should respect diversity and create an atmosphere of inclusion in the team

Should have general awareness of market wide risk and compliance policies such as AML Information Security, BCP, Pandemic planning etc.

Ability to understand & comprehend risks associated with the Lending domain and the implications on operations

Strong understanding of aspects of Internal Control, its effect on Operations and implementation Knowledge on systems used such as TLM, MTS, Fundmaster, Equilend, Pirum etc. would be an advantage

Working knowledge or experience in Trade Settlements, Entitlements, Management reporting, Reconciliations and Billing would be an added advantage

Comprehensive understanding of  the Asset Servicing Practice and its effect on the  Financial Service Industry

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.