Associate Specialist, Cash & Collateral Svc, HFS

Northern Trust • Chicago, IL

2d • Remote

About The Position

Northern Trust hedge fund services offers world-class, scalable technology and dedicated expertise to serve hedge funds and large institutional investors with complex portfolios and product types. The business provides comprehensive middle office and administration services, including trade processing, asset servicing, valuation and profit and loss reporting, cash and collateral management, reconciliations, accounting and NAV calculations and investor servicing and reporting. The successful candidate is a mature self-starter with an entrepreneurial spirit and team focus and is able to function independently work in a fast-paced, dynamic and demanding environment. He/she adds value by working on a number of simultaneous tasks/projects with minimal supervision while paying strong attention to detail. A familiarity with Treasury functions and strong communication skills is extremely beneficial.

Requirements

• An entrepreneurial spirit, someone who is willing to build something from the ground up.
• Experience working with system development testing/verifying accuracy of reports.
• Awareness of system work-flows; and related application dependencies
• Excellent communication skills; both written and verbal
• Experience with excel modeling; if/then statements, V-lookups etc.
• 3-5 years of experience; working within a Treasury related functions is a plus.

Responsibilities

• Support Client SLA’s; which may include daily collateral margining and Cash-flow processing, daily reconciliations of bank and custody account activity, margin reporting across prime broker accounts, and timely interaction with shared service teams.
• Works with clients to resolve cash breaks and issues related to wire payments.
• Serve as a liaison to other shared service teams and ensure all daily processing from a Cash and Collateral perspective are completed daily
• Assist in further development of a scalable, controlled and transparent application across NT’s Treasury platform
• Effectively communicate with IT to test and implement system enhancements
• Help Identify potential Treasury service offerings that would complement our HFA offering.
• Perform the appropriate analysis and present findings to the team and management.
• Participates/assists in business requirements for IT projects and enhancements for the cash and collateral management team.

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: Mid Level
• Education Level: No Education Listed