Consultant, Global Collateral Practice

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/ Department:

We are seeking a flexible and change-oriented Operations Consultant to join Northern Trust’s Collateral Documentation Team. The consultant will responsible for end to end documentation processes that support collateral and margining activities across derivatives, repo and mortgage backed securities. The role ensured that agreements such as Credit Support Annexes(CSAs), Global Master Repurchase Agreements (GMRAs) and ISDA master agreements are accurately documented, maintains and aligned with internal policies and regulatory requirements.

The Consultant is also responsible for administering core oversight and governance processes across global locations, being the first point of contact for urgent client queries whilst remaining flexible and light on their feet as the “go to” collateral expert internally for senior management and operational colleagues. The successful candidate will marry this core operational oversight and query management function with close collaboration with Collateral Change Teams, working on projects driven by regulation, client requirements and Northern Trust strategic aims.

Requirements:

Process Management:

• Review and manage documentation related to margining, including CSAs, GMRAs, ISDA Master Agreements, and other collateral agreements.

• Coordinate with Client, Credit Risk and Transition teams to onboard new accounts and execute new margin agreements.

• Ensure documentation is in line with regulatory requirements such as EMIR, Dodd-Frank, and Uncleared Margin Rules(UMR).

• High Quality Client Service acumen – the candidate should be able to successfully navigate the line between managing expectations and delivering on objectives.

• Assist in internal and external audits or regulatory examination concerning margin documentation.

• Experience in the automation of business processes, identifying gaps or potential room for enhancements.

• Capacity to build effective relationships across the Derivatives practice that will enable front-foot process improvements and the strengthening of governance protocols.

• Collaborate with Change and IT stakeholders end to end on Book of Work Projects in order to drive through agenda (coordination, planning, testing, review).

• Provide leadership – the global practice looks to this role for effective technical and thought leadership.

Risk Management:

• Understand operational risk and how to mitigate it

• Comply with the regulatory regime in which Northern Trust operates as appropriate to the above role

• Exercise due care and diligence, ensuring the areas the incumbent is responsible for are organized and controlled

• Observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties

Knowledge/Skills:

• Deep working knowledge of ISDA/CSA terms and uncleared-margin regulation across major jurisdictions(CFTC, EMIR HKMA, MAS); legal qualification not required

• Extensive knowledge/experience in financial markets, Derivatives products, global markets cut-offs and market settlement is required.  Good to have current / past experience of collateral management process

• Role requires managing a team working 24*5, candidate should be flexible working in any shift as per the process/team requirements

• Interpersonal (relationship builder, respectful, resolves problems, people friendly and organizational savvy)
  Communication (presentation skills, listening skills, oral communication skills, allows others to express themselves and written communication skills)

• Self-management (adaptability and resilience, learning behaviour, integrity and ethics and relationship builder)
  Motivation (performance standards, achieving results and persistent)

• Client Service and Quality (quality, relationship building and client satisfaction)

• Administration (anticipates needs, execution, planning, process specialist, quality seeker and time management)

Experience: Minimum Qualifications (Education, Experience, Skills)

• Candidate to have 6+ years’ experience in related industry (Derivatives operations, Accounting, Finance, Valuations, Capital markets, Custody)

• Graduate in Accounting / Economics.  Additional qualification in accounting / finance preferred (e.g., CA/ CS/ CWA/CFA/ MBA) Degree in Finance or related field and/or equivalent work experience

• Proven experience in the financial sector, ideally in a Derivatives Collateral Management or risk-related role.

• Excellent organizational skills and an ability to prioritize multiple deliverables and work independently with minimum supervision.

• Strong analytical and problem-solving skills and meticulous attention to detail.

• Experience in using project software like JIRA, Power BI would be added advantage

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.