Consultant, Middle Office Trade Processing, HFS

Northern Trust • Chicago, IL

1d

About The Position

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.

Requirements

• Excellent oral and written communication skills are required.
• In-depth Functional / Industry Knowledge is required.
• Technical skills / Proficient in Microsoft Excel is required.
• Highly flexible and adaptable to change
• A College or University degree and/or four years relevant proven work experience is preferred.

Responsibilities

• Daily reconciliation of transactions and positions for FUT, Equity, Corporate Bond, CMO, TBA, Pool, Bank Loan, Swap and private securities.
• Analyzes and understands all security and cash position differences related to reconciliations.
• Coordinates break resolution process between client, operations teams and custodian banks.
• Manages hand off process between India and Chicago reconciliation teams, and follow up on open issues.
• Works closely with implementation team to ensure seamless handoff and setup of new client accounts.
• Performs daily review of reconciliations and execute controls.
• Responsible for project work related to increasing efficiency and improving control environment.
• Carries out complex activities with significant financial, client, and/or internal business impact.
• Able to serve as a key subject matter expert and mentor to other more junior level employees.
• May manage daily operational activities and supervise day-to-day work of junior level employees (but not a formal management role).
• More technically sound in area of expertise and has broader knowledge of other areas.

Benefits

• Northern Trust provides a comprehensive benefits package including 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, and other voluntary and well-being benefits.
• Northern Trust also provides a discretionary bonus program that may include an equity component.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees