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.
Job Description: Analyst, Global Clearing and Settlements
Department: Clearing & Settlements, Global Operations
Summary: The job working on a team for Northern Trust Hedge Fund Services, a Global fund administrator, specializing in administering assets of complex hedge funds. The position requires good experience and back ground in financial markets and back office functions
Key Duties and Responsibilities:
- Perform and oversee all processes related to daily trade break resolution for equity products - stocks, bonds, warrants as well as listed options and futrues.
- Liaison between clients' trading desks, prime brokers, exchanges and counterparties to ensure efficient resolution of breaks and open reconciling items to guarantee timely settlement.
- Monitor trade posting process and upload trades to prime brokers
- Resolve fails with Prime Brokers after settlement date, by working with counterparties to facilitate delivery
- Work with Client On-boarding team to facilitate transition from startup to parallel testing to live production for new fund administration clients.
- Train new hires on systems, processes and procedures
- Cross train with other areas within Clearing and Settlements.
- At the direction of senior management, responsible for the successful implementation and interpretation of plans, policies and procedures for operations business.
- Perform other related duties as required.
Minimum Qualifications (Education, Experience, Skills):
- Experience in exchange traded securities settlement operations preferred, but not required.
- Knowledge of basic accounting principles and procedures, thorough understanding of financial markets and instruments as well as the settlement of them
- Proficiency in Excel and Microsoft Word (or related software), and experience with working in a database.
- Experience with Oasys Global and Central Trade Manager Applications preferred not required.
- Excellent English, grammar, written and oral communication skills
- Strong knowledge of settlement procedures, financial markets and instruments preferred.
Education
- Bachelors degree required
Physical Demands and Work Environment: Must be able to interact and communicate with co-workers in a clear, thorough and concise manner. Work environment and physical demands are those normally associated with office work, including frequent use of the computer and telephone. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential job functions unless those accommodations would impose an undue hardship or constitute a direct threat.
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...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
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