Sr Consultant, Middle Office, Hedge Fund Services

Northern Trust•Chicago, IL

About The Position

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. The role operates independently, requiring in-depth knowledge of the business unit/function. As a subject matter expert, the individual provides comprehensive, in-depth consulting and leadership to the team and partners at a high technical level. Activities are large in scope, cross-functional, and technically difficult, balancing high-level operational execution and development with the execution of strategic direction for business function activities. The position is strategic in developing, implementing, and administering programs within functional areas.

Requirements

Excellent oral and written communication skills
In-depth Functional / Industry Knowledge
Highly flexible and adaptable to change
Technical skills / systems knowledge (e.g. Peoplesoft)
Relevant proven work experience

Nice To Haves

A College or University degree
Related Industry qualification (e.g. ACCA)

Responsibilities

Affirms OTC trades from prior trade date.
Ensures timely receipt of electronic-based OTC confirmations from trading counterparties.
Ensures accuracy of transaction agreements and modifications.
Assists swap confirmation team in covering all OTC products such as total return swaps, equity options, structured equity products, convertible bond options, credit defaults and fixed income products.
Manages the settlement of swap cash flows associated with OTC products, including unwinds, quarterly fees, resets, and premiums.
Assists in proper operational reflection of OTC trades.
Reviews booking of corporate actions and dividends/coupons to ensure it affects the position properly.
Assist in developing and implementing projects and software which promote automation and efficiency as well as work with IT in the development/enhancement of trade entry.
Efficiently identifies and resolves transaction discrepancies between firm and swap counterparties.
Processes all aspects of periodic resets for vanilla and exotic IRS, CDS, and TRS products.
Assists in the training of staff globally.
Operates independently; has in-depth knowledge of business unit / function.
As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level.
Carries out activities that are large in scope, cross-functional and technically difficult.
Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities.
Strategic in developing, implementing and administering programs within functional areas.

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
Flexible and collaborative work culture
Career mobility
Work-life balance