Analyst, Clearing & Settlements, HFS

Northern Trust • Chicago, IL

1d • $48,000 - $72,000 • Onsite

About The Position

Integrated Portfolio Services at Northern Trust is a rapidly expanding Global fund administrator supporting complex hedge fund clientele. The 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.

Requirements

• Bachelor's degree in Finance, Accounting or related field
• Proficiency in Microsoft Office (namely excel)
• 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
• Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.
• Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa)

Nice To Haves

• 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
• Some experience with Bloomberg preferred, not required

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 derivatives 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

Benefits

• retirement benefits (401k and pension)
• health and welfare benefits (medical, dental, vision, spending accounts and disability)
• paid time off
• parental and caregiver leave
• life & accident insurance
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level