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 complex hedge funds. This individual will have a strong technical Accounting background; experience working within the Financial Services industry. The position involves understanding of various investment instruments like Equities, Fixed Income Products, Derivatives, Swaps, CFDs, Repos etc. The team’s main responsibility is to produce and analyze the daily T+1 Pnl and facilitate valuation of various asset classes

Major Duties

Prepare / review daily PnL reports and analyze to determine the largest gainers or losers for the 3rd Party Administrator Platform

Review and resolve daily pricing exceptions raised and assist in price verification of various types of financial products.

Examine quality of prices received from Vendors and pricing exception tolerance level with onshore teams in HK, Chicago, NY & Dublin. 

Work with Shared Services team in Chicago to identify and fix PnL problems

Work on ad-hoc products for the onshore Product Control team

Coordinate monthly close process with onshore Product Control Analyst for client delivery

Work with Account Managers across global locations to facilitate any client reporting requests

Knowledge of financial products like, Equity, Credits, Derivative instruments, TRS, REPO etc.

Provide oversight to the Product Control team in India, should be able to motivate & lead direct reports.

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

Reports to Section Manager/ Operations Manager.

Skills

Be able to mentor through confidence and approachability

Approachable and able to promote teamwork through creative solutions

Good analytical, numerical and reasoning skills

Time management and delegation skills

Deep understanding of process and process improvement

Excellent/advanced knowledge of Excel with VBA experience being a plus; should be familiar with MS Word & Office tools.

Excellent English, grammar, written and oral communication skills

Adaptive, flexible style with the ability to work in a dynamic, fast-paced environment

Ability to evaluate priority and multi-task with minimal supervision and exemplary follow-through

Self-starter with the ability to function independently in dynamic and demanding environment

Qualifications:

A minimum of 6 to 9 years of experience in Financial Services environment, preferably, performing processes involving P&L, price verification and risk.

Experience with Hedge Funds, Investment Management and/or Financial Services strongly preferred.

Bachelor’s degree with emphasis in Accounting, Finance or a quantitative discipline.  Masters’ degree would be an advantage.

Internal Candidates Criteria:

24 months as a Technical Coordinator for movement to Team Leader

12 months as a Team Leader for a lateral movement.

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.