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.RoleThe job requires working for a Global Hedge Fund Administrator, specializing in administering assets of complex hedge funds. This individual will have a strong technical Accounting background; experience working within the Financial Services industry. The position involves understanding of various investment instruments like Equities, Fixed Income Products, Derivatives, Swaps, CFDs, Repos etc. The team’s main responsibility is to produce and analyze the daily T+1 Pnl and facilitate valuation of various asset classesMajor DutiesPrepare / review daily PnL reports and analyze to determine the largest gainers or losers for the 3rd Party Administrator PlatformReview and resolve daily pricing exceptions raised and assist in price verification of various types of financial products.Examine quality of prices received from Vendors and pricing exception tolerance level with onshore teams in HK, Chicago, NY & Dublin. Work with Shared Services team in Chicago to identify and fix PnL problemsWork on ad-hoc products for the onshore Product Control teamCoordinate monthly close process with onshore Product Control Analyst for client deliveryWork with Account Managers across global locations to facilitate any client reporting requestsKnowledge of financial products like, Equity, Credits, Derivative instruments, TRS, REPO etc.Provide oversight to the Product Control team in India, should be able to motivate & lead direct reports.AccountabilitiesEmployees are required to comply with the regulatory regime in which Northern Trust operates as appropriate to the above roleEmployees are expected to exercise due care and diligence, ensuring the areas the incumbent is responsible for are organised and controlledEmployees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of dutiesReports to Section Manager/ Operations Manager.SkillsBe able to mentor through confidence and approachabilityApproachable and able to promote teamwork through creative solutionsGood analytical, numerical and reasoning skillsTime management and delegation skillsDeep understanding of process and process improvementExcellent/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 skillsAdaptive, flexible style with the ability to work in a dynamic, fast-paced environmentAbility to evaluate priority and multi-task with minimal supervision and exemplary follow-throughSelf-starter with the ability to function independently in dynamic and demanding environmentQualifications:A minimum of 6 to 9 years of experience in Financial Services environment, preferably, performing processes involving P&L, price verification and risk.Experience with Hedge Funds, Investment Management and/or Financial Services strongly preferred.Bachelor’s degree with emphasis in Accounting, Finance or a quantitative discipline. Masters’ degree would be an advantage.Internal Candidates Criteria:24 months as a Technical Coordinator for movement to Team Leader12 months as a Team Leader for a lateral movement.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. #MadeForGreaterReasonable accommodationNorthern 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.
