Senior Analyst, Hedge Fund Acctng

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

The job requires working for a Global Hedge Fund Administrator, specializing in administering assets of complex hedge funds. The position involves understanding of various complex instruments like Fixed Income Products, Cash Equities, ADR, warrants, CMO’s etc. It also requires good experience and knowledge in using various third party sources of information like Bloomberg, CTM, Oasys, Swifts as well as back office and middle office settlement processes.

Major Duties

• Trade processing and cash settlements
• Understanding of trade confirmation and settlement procedures.
• Reconciliation to ensure all the activities processed are correct and break resolution as necessary.
• Analyze and identify discrepancies between client’s position and clearing agents with good troubleshooting skills.
• Liaison effectively with team members, internal groups and external counterparties to resolve discrepancies in a timely and efficient manner.
• Ensuring deliverables are adhered to as per agreed SLAs.
• Ensuring the processes are in adherence with SOPs and the same are updated as required.
• Should be capable of adding and reviewing various control checks.
• Understand and minimize risks associated with breaks and trade mismatches.
• Understanding the settlement of cash flows associated with various financial instruments.
• Issue escalation and resolution of aged breaks on a timely manner.
• Respond quickly and accurately to queries in a high volume, time sensitive trading environment.
• Prioritize time accordingly to action trade breaks by timelines.
• Developing action plans for resolution of outstanding issues.
• Carries out complex activities which have significant impact on the daily deliverables.
• Ability to work on ad-hoc activities.
• Should have the ability to maintain various MIS reports.
• Able to facilitate discussions and reach decisions.

Accountabilities

• Employees are required to comply with the regulatory regime in which Northern Trust operates as appropriate to the above role
• Employees are expected to exercise due care and diligence, ensuring the areas the incumbent is responsible for are organised and controlled
• Employees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties
• Reports to TL/ Section Manager

Skills

• Be able to mentor through confidence and approachability
• Approachable and able to promote teamwork through creative solutions
• Good analytical, numerical and reasoning skills
• Time management and delegation skills
• Deep understanding of process and process improvement
• Excellent/advanced knowledge of Excel with VBA experience being a plus; should be familiar with MS Word & Office tools.
• Excellent English, grammar, written and oral communication skills
• Adaptive, flexible style with the ability to work in a dynamic, fast-paced environment

Qualifications:

• Bachelor’s degree in Finance, Accounting, or related field
• 2 - 3 years of work experience in a Financial Institution relevant industry experience.
• Strong problem solving skills, detailed and results oriented.
• Proficiency in Microsoft Excel and Word.
• Should be flexible for shifts and extended working hours.
• Excellent spoken and written English, and the ability to write business correspondence.
• Self-starter with the ability to function independently in a fast-paced, dynamic and demanding environment.
• Sound knowledge of the Financial markets, instruments and back office functions.
• Demonstrate high ethical standards.
• Ability to handle multiple tasks under extremely time sensitive conditions.
• Understanding of basic trade economics related to various financial product transactions is an addition.

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.

Eligibility

Should have completed 1 year as Analyst II

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.