Sr. Analyst, MO Trade Proc HFS
About The Position
Northern Trust Hedge Fund Services (HFS) 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. Clearing and Settlements within HFS is responsible for affirmation, settlement, life cycle event processing, and break resolution related to equities, bonds, futures, options, repos, and other listed security transactions. We engage with clients, brokers, prime brokers, and other NT Teams across the globe to ensure our client’s trades are processed accurately and settled in a timely manner. Middle Office Trade Support, Hedge Fund Services, within Northern Trust is hiring for: Entry-level, Individual Contributors if you meet the below requirements, please apply for these exciting opportunities
Requirements
- Excellent oral and written communication skills are required
- Excellent analytical skills
- Creative problem solving skills
- Excellent people skills: ability to dynamically act as knowledgeable point of reference to co-workers domestically and internationally
- Highly flexible and adaptable to change
- Ability to handle multiple tasks under time sensitive conditions
- Should be intellectually curious, intuitive, trustworthy, and have the highest ethical standards
- Minimum Bachelor’s Degree (Finance, Accounting, and Economics preferred) or relevant proven work experience.
- Proficiency in Microsoft Excel and Word
- May be entry level or 1-3 years of experience in financial services industry
- 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)
Responsibilities
- Perform daily review of reconciliations and execute controls to analyze and understand all security and cash position differences related to reconciliations.
- Efficiently coordinates break resolution process between client, operations teams, and custodian banks.
- Affirmation/Confirmation of equity & fixed income securities in US and International Markets.
- Manage the settlement of various securities by liaising with brokers and addressing discrepancies in SSIs and trade details
- Review and monitor trading activity to ensure accurate trade details are submitted to the market
- Ensure accuracy of transaction agreements and modifications
- Works closely with implementation team to ensure seamless handoff and setup of new client accounts.
- Assists with project work related to increasing efficiency and improving control environment.
- Prioritize time accordingly to action trade breaks by end of day
- Effectively address a number of internal and external audiences in a professional manner
- Assist in the training of personnel internationally
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
