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, Clearing & Settlements
Department: Trade Processing - Hedge Fund Services - Corporate & Institutional Services
Summary: Hedge Fund Services at Northern Trust is a rapidly expanding Global fund administrator supporting complex hedge fund clientele. Clearing & Settlements team supports a variety of administrative functions revolving around the trade lifecycle for a hedge fund such as, trade capture, trade affirmation/trade transmission, break resolution, event processing, trade settlement, etc. The position requires an individual with knowledge in financial markets and middle/back office experience.
Key Duties and Responsibilities:
- Manage multiple customers and business lines within a fast-paced, challenging environment
- Liaison between clients' trading desks and their prime brokers, exchanges, counterparties, to ensure timely settlement and efficient resolution of identified breaks
- Perform and oversee all processes related to daily trade break resolution for asset classes below:
- equity products including stocks, ETFs, warrants
- fixed income products including corporate, government, mortgage bonds
- exchange traded derivates including options and futures
- Monitor trade posting process and upload trades to prime brokers
- Monitor trade affirmation process to ensure proper allocation/delivery from counterparties
- Resolve failing trades with Prime Brokers and counterparties to facilitate delivery
- Communicate effectively with team members to provide excellent service to our clients
- Work with the Reconciliation & Control team to ensure the accuracy of internal books and records
- Build and maintain internal and external relationships
- Perform other related duties as required
Minimum Qualifications (Education, Experience, Skills):
Education:
Bachelor's degree in Finance, Accounting or related field
- Experience in exchange traded securities and/or settlement operations preferred, but not required
- Experience with DTC, SWIFT, Global and Central Trade Manager preferred not required
- Proficiency in Microsoft Office (namely excel), some experience with Bloomberg preferred, not required
- Excellent attention to detail with written and oral communication.
- Ability to manage multiple tasks and meet deadlines in very time-sensitive conditions
- Knowledge of basic accounting principles and familiarity with financial markets and instruments
- Hold themself accountable and is passionate about delivering high quality work and servicing clients
Physical Demands and Work Environment: Must be able to interact and communicate with co-workers, clients and vendors in a clear, thorough and concise manner. Work environment and physical demands are those normally associated with office work setting, including frequent use of the computer and telephone. Reasonable accommodations may be made to enable qualified...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
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