CAREERS

Sr Consultant, Cash & Settlements, HFS

📁
Operations/Securities
📅
91643 Requisition #

Job Description:  Sr. Consultant, Fixed Income Operations

Department: Trade Processing – Hedge Fund Services – Corporate & Institutional Services

 

Summary: Hedge Fund Services at Northern Trust is a rapidly expanding Global fund administrator supporting complex hedge fund clientele.  Clearing & Settlements team supports a variety of administrative functions revolving around the trade lifecycle for a hedge fund such as, trade capture, trade affirmation/trade transmission, break resolution, event processing, trade settlement, etc.  This position requires specialized knowledge of structured products asset servicing, including, but not limited to agency and non-agency MBS, ABS and CMBS securities.

 

Key Duties and Responsibilities:

  • Manage multiple customers and business lines within a fast-paced, challenging environment
  • Liaison between clients' trading desks and their prime brokers, exchanges, counterparties, to ensure timely settlement and efficient resolution of identified breaks
  • Perform and oversee all processes related to daily trade break resolution for asset classes below:
    • equity products including stocks, ETFs, warrants
    • fixed income products including corporate, government, mortgage bonds
    • exchange traded derivates including options and futures
  • Work with clients and technology teams to on board new clients’ portfolios utilizing various internal and vendor systems
  • Implement process improvements to increase efficiencies and work on various ad-hoc projects at the direction of senior management
  • Work with the Reconciliation & Control team to ensure the accuracy of internal books and records
  • Build and maintain internal and external relationships
  • Work directly with clients to understand their business needs and provide solutions
  • Identify process gaps, work with internal resources to create detailed requirements to solve issues
  • Coordinate testing and releases with internal IT and vendors

 

Minimum Qualifications (Education, Experience, Skills):

  • Five years of industry experience in settlements of asset classes such as equity, fixed income, exchange traded securities, OTC or in similar roles
  • Five years of industry experience with DTC, SWIFT, Global and Central Trade Manager systems or similar processes
  • Deep understanding of various fixed income instruments including agency/non-agency CMOs, ABS, Sovereign Bonds and  Inflation-Linked bonds
  • Proficiency in Microsoft Office, Bloomberg and experience with databases
  • Excellent written and oral communication skills, comfortable in a client facing role
  • Ability to handle multiple tasks and meet deadlines in an extremely time sensitive conditions
  • Experience documenting requirements, writing business requirement documents, coordinating testing or project management skills a plus
  • Knowledge of basic accounting principles and familiarity with financial markets and instruments

 

 

 

Education:
Bachelor's degree in Finance, Accounting or related field

 

Physical Demands and Work Environment: Must be able to interact and communicate with co-workers, clients and vendors in a clear, thorough and concise manner. Work environment and physical demands are those normally associated with office work, including frequent use of the computer and telephone. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential job functions unless those accommodations would impose an undue hardship or constitute a direct threat.

 

 

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 CompanyBlack 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.

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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