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.
OTC Analyst, Northern Trust Hedge Fund Services
Northern Trust Hedge Fund Services offers world-class, scalable technology and dedicated expertise to serve Hedge Funds and large Institutional Investors with complex portfolios and product types. The business provides comprehensive middle office and administration services, including trade processing, asset servicing, valuation and profit and loss reporting, cash and collateral management, reconciliations, accounting and NAV calculations and investor servicing and reporting.
Job Description:
The OTC Analyst is responsible for the verification, settlement, life cycle event processing and break resolution related to all client OTC transactions. In addition, the Sr. Analyst is responsible for the affirmation/confirmation of all OTC trade types on electronic platforms and/or on paper as well as the completion of requested amendments related to all client OTC trade bookings.
Major Duties:
- Affirmation/Confirmation of all OTC trades on electronic platforms or on paper where required
- Manage the settlement of swap cash flows associated with OTC products, including unwinds, fees, resets, and premiums
- Assist in proper operational reflection of OTC trades
- Review booking of corporate actions and dividends/coupons to ensure accurate position and p/l attribution
- Efficiently identify and resolve transaction discrepancies between client and swap counterparties. Liaison between trading desk, control groups and counterparties to resolve any economic discrepancies on trades in a timely and efficient manner
- Process all aspects of periodic resets for vanilla and exotic IRS, CDS, and Equity OTC products
- Ensure timely receipt of OTC confirmations from trading counterparties
- Ensure accuracy of transaction agreements and modifications
- Work with IT in the development and enhancement of the trade management system
- Prioritize time accordingly to action trade breaks by end of day
- Understand and process trade activity in accordance with established operations policies and procedures; understand and minimize risk associated with trade mismatches
- Must be able to interact with coworkers and clients in a fast-paced trading environment.
- Should be intellectually curious, intuitive, and trustworthy and have the highest ethical standards
- Effectively address a number of internal and external audiences in a professional manner
- Assist in the training of personal internationally
- Perform other related duties as required
Knowledge/Skills:
Minimum Qualifications (Education, Experience, Skills):
- Minimum Bachelor's Degree
- Excellent people skills; ability to dynamically act as knowledgeable point of reference to co-workers domestically and internationally
- Proficiency in Microsoft Excel, VBA and Word
- Excellent math and analytical skills
- Excellent English, grammar, written and oral communication skills
- Ability to handle multiple tasks...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
