at Northern Trust Company in Chicago, Illinois, United States
Job Description
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.
Under general supervision (but works independently most of the time) responsible for managing complex OTC Derivatives transactions, where expertise is required to interpret policies, guidelines and/or processes. Full ownership for one or more processes, reports and/or procedures. Analytically and procedurally competent, representing the team on cross-function process or project deliverables. Emerging as an expert in a specific skill set but remains focused primarily on daily execution.
- Work as an integral part of a Team to provide an excellent service to our client base by fulfilling the client's need for timely management of their Synthetic Equity Swap (CFD's) portfolio.
- Maintain strong systems of controls and standards in the NA Synthetic Equity Swap Operations team ensuring that the business and our clients are protected from risk.
- Challenge our internal processes with a view to finding opportunities for improving the Northern Synthetic Equity operating model making it more efficient and cost effective.
- Support the business by being proactive in all aspects of our role, promoting the "getting it right first time" culture.
Principal Responsibilities
Teamwork
- Develop a good understanding of all the technical function and processes within the team.
- Take on additional tasks helping other team members who may need assistance.
- Work with other analysts and new staff to resolve issues and improve the skill set of the team.
- Participate in cross training to get a solid grounding of team functions and to ensure the team runs smoothly at all times including holiday leave, study leave and sick leave.
- Provide support to Team Leader, Derivatives Support Services, Fund Accounting Teams in all aspects of the management of the business
- Synthetic Equity Swap (CFD's) Support Services
- Ensure that all trades have been captured and accounted for correctly at each valuation point for all funds
- Track lifecycle events from initial set-up to closeout; taking into account corporate actions, dividend payments and resets.
- Act as an escalation point for any issues that arising with regard to the processes.
- Provide progress update to Line Management on team performance highlighting specific areas requiring review/improvement/automation etc. ensuring that any potential issues are escalated in a timely manner.
- Adhere to our client standards, procedures and controls and maintain work records in a neat and orderly manner, suitable for review by management and auditors.
- Ensure systems and controls are in place to safeguard the integrity of swap's set-up on the internal booking platforms.
- Establish excellent working relationships with internal and external stake holders by ensuring that all queries are resolved in a timely manner.
- Business Technical Support
- Provide expertise and leadership to the team with regard to knowledge of CFD's.
- Work in partnership with our clients to ensure that the fundamentals of the CFD product are understood by the team and business.
- Assist...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
