CAREERS

Section Manager (Trade Ops) - 2 Positions - Bangalore

📁
Operations/Securities
📅
93614 Requisition #

About Northern Trust:
Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With over 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. 

Working with Us:
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!                
We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why we are honored to receive the following awards in 2021: 
•Gender Equality Index Member, Bloomberg
•Top Financial & Banking Company, Black EOE Journal, Hispanic Network Magazine, Professional WOMAN'S Magazine

We’d love to learn more about how your interests and experience could be a fit with one of America’s best banks and most sustainable companies! Build your career with us and apply today.

 

ROLE

Incumbent will be responsible for end to end process management & delivery of process of all or a cluster of processes which include:

  • Confirmation of all instrument class viz, Equity, Bonds, Fx & MM Deposits
  • Settlements involving Equities and Fixed in different markets across the globe
  • Cash Management (Payments and Journal postings)
  • Overdraft Monitoring
  • Front Office Reconciliation

The incumbent will be accountable for proper change management & process improvement. Continuously develop industry/product knowledge. Ability to understand customer segments and apply different servicing approaches based on customer knowledge level. Implement development plans for staff.

 

PRINCIPAL RESPONSIBILITIES

• Responsible for managing Market ops teams(s), including conducting the performance management process and providing input for staff and disciplinary actions.

• Act as a subject area expert and directs activities of staff. Develop and maintain specific subject expertise and advise business management, and relevant third parties.

• Publishing of weekly KPI's to identify and track reasons for deviation from agreed levels, also ensuring follow up for all ageing items.

• End to End process responsibility and to be in control of End of day reports and critical intra-day reports.

• Managing all Exceptions and handholding to closure

• Play a key role in Audit reviews and checks

• Assist in preparing and implementing Business Continuity Plans.

• Review and improve on productivity benchmarks on ongoing basis.

• Work with the Division Manager to ensure regular communication with onshore locations.

• Make performance appraisal for direct reports.

• Processes research/investigations on appropriate systems to operations

• Explains product features and benefits

• Create strong resiliency & backups within the team.

• Work in partnership with Local Risk & Audit team for QA Tests, MIS, Audit etc.

• Serve as a lead resource in the creation, revision, and interpretation of investment operations policies and procedures

 

SKILLS

GENERAL

• Demonstrated client servicing capabilities and excellent communication skills.

• Must be able to work under pressure and make accurate decisions in stressful situations.

• Must be able to lead, manage and motivate the teams.

• Good time management skills

• An appreciation of risk and quality issues

• Control Oriented

• Proactive, positive approach

• Able to grasp/learn concepts and procedures quickly

• Ability to work independently

• Problem solving skills

• Attention to detail

• Organizational skills are required to manage conflicting priorities and multi-task functions in a fast-paced team environment. Leadership and organizational skills are required to develop periodic goals and to motivate team members towards the goals set.

 

MANAGEMENT

• Support the implementation of business plans.

• To be viewed as a role model in the team.

• Manage the allocation of the workload in a fair and efficient manner.

• Delegate appropriately.

• Act as effective Manager within the unit and with other units by imparting knowledge as appropriate.

• Deliver training /coaching effectively.

• Provide objective and regular feedback to staff.

 

ACCOUNTABILITIES

• Employees are required to comply with the regulatory regime in which Northern Trust operates as appropriate to the above role.

• Employees are expected to exercise due care and diligence, ensuring the areas the incumbent is responsible for are organised and controlled.

• Employees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties.

• Responsible for managing team(s).

 

KNOWLEDGE AND SKILLS:

Products

• General knowledge of financial products and their operations processing requirements specific knowledge of Cash Equity, Fixed Income & Fx Products.

Financial Markets

• General knowledge of financial markets, the institutions that govern them and the major firms that operate in them

• Specific knowledge of all relevant markets in different region viz. EMEA, US & APAC

• Knowledge of specific clearing institutions. – i.e. CREST and Euroclear

• An understanding of the various departments within Investment management world and how they interact with each other:

o Front Office

o Operations Departments: Confirmations, Settlements, Reconciliation, Data Management

o Other Support Functions: Finance, Legal & Compliance.General knowledge of the lifecycle of a securities trade

• Specific knowledge of Equity, FI & Fx Settlement processes:

o Pre and Post Settlement

o Cash Management

o Stock & Cash Reconciliation

o Operational Risks & Controls

 

IT Systems

• Understanding of the functional purpose of each system used in day-to-day processing

• Understanding of how the data in the various systems is interrelated.

Risk Management

• Understanding and consistent application of key control activities within day-to-day processing

• CA/ MBA (Finance)/CFA or B.com with at least 5 years experience in people management role.

• Knowledge of Capital Markets Essential with the knowledge of the investment management/asset servicing industry (preferable), with minimum 10+ years experience in the capital market domain.

 

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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), 1800-425-0333 (India), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
  • APAC/India EEO Statement
    • APAC/INDIA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • Canada EEO Statement
    • Canada EEO STATEMENT

      Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

  • EMEA EEO Statement
    • EMEA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • USA EEO Statement
    • USA EEO STATEMENT

      It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.)EEO is Law Poster Supplement