Senior Consultant, Collateral Management, Middle Office, HFS

Northern Trust • Chicago, IL

1d • Hybrid

About The Position

The successful candidate is a mature self-starter with an entrepreneurial spirit and team focus and is able to function independently in a fast-paced, dynamic and demanding environment. This person is proactive in resolving conflict and demonstrates exemplary follow-through. He/she adds value by working on a number of simultaneous tasks/projects with minimal supervision while paying special attention to detail. The ideal candidate is an effective communicator and works well with clients and partner areas. A familiarity across Futures, OTC, Repo and PB margin is desired.

Requirements

• 4-6+ years of work experience with direct experience in Collateral Management
• Experience in project management and client interaction
• Understanding of basic accounting principles and procedures
• Familiarity with Hedge Fund structures, products and financial instruments
• Excellent written and oral communication skills

Nice To Haves

• MBA, CPA or CFA is desired

Responsibilities

• Manage the daily margin process across OTC (bilateral and centrally cleared), Repo and Futures for Middle Office clients. This includes: issuing and responding to calls in accordance with notification times, investigating exceptions and escalating disputes as agreed with clients.
• Respond quickly and accurately to requests in a high volume, time sensitive trading environment.
• Lead key client implementations to onboard Collateral clients in accordance with our SLA; manage the client engagement to highlight our service level, key controls and dependencies while identifying key client deliverables, notifications and any bespoke requests that require investigation.
• Review and setup of client collateral terms based upon ISDA, GMRA or similar docs.
• Determine eligible securities for use in agreeing collateral demands; administer process to deliver and exchange securities in accordance with client’s eligibility rules.
• Process cash and securities transactions through internal systems and track for settlement or handling post-settlement.
• Direct month-end collateral interest process from reconciliation to settlement.
• Utilize TriResolve to develop, provide and publish collateral reports to clients.
• Oversee margin reconciliations and resolution of breaks through TriResolve platform; work with clients, counterparties and internal partners to resolve disputes and reconciliations.
• Work closely with Clients, business development, business owners and SMEs to help capture and formalize client requirements
• Support expanded development of the collateral management offering to expose additional solutions to our clients through technology.
• Prioritize development based upon market needs, client feedback and workflow demands.
• Effectively communicate with IT to test and implement development of collateral management offering.
• Liaise directly with clients during onboarding and establish connectivity with their counterparties.
• Administer account implementation process and effectively communicate status to internal partner areas.
• Communicate effectively with team members, internal groups and external counterparties
• Accurately define 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: Senior
• Number of Employees: 5,001-10,000 employees