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Team Lead, Corporate Actions, Hedge Fund Services

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Operations/Securities
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71614 Requisition #
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The job involves working on a team working for Northern Trust Hedge Fund Services, a Global fund administrator, specializing in administering assets of complex hedge funds. This person will add value by working on a number of simultaneous projects with minimal supervision and exemplary follow-through

Job Description:
The incumbent will be responsible for managing within the Corporate Actions Group of Hedge Fund Services. The Corporate Actions Group is responsible for verification, settlement, and life cycle event processing related corporate action and dividend events in client accounts. In addition, oversight of the team’s core functions will include daily interaction with shared service teams responsible for security master management, OTC derivatives, fixed income and foreign exchange trade processing, trade capture, clearing and settlement, relationship management, custody services and break reconciliation. The manager will also conducts performance management and career development processes, and staffing and disciplinary actions.
Knowledge/Skills
Excellent oral and written communication skills are required as well as in-depth functional / industry knowledge. Leadership and organizational skills are required to develop periodic goals and to manage and motivate team members. Candidates should be highly flexible and adaptable to change. Technical skills / systems knowledge is a plus. 

 Major Duties 
1. Responsible for managing a Corporate Actions/Dividends team within the Hedge Fund Services.  
2. Operates independently; has in-depth knowledge of business unit / function. 3. As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level.  
4. Carries out activities that are large in scope, cross-functional and technically difficult. 
5. Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities.  
6. Conducts performance management and career development processes, provides input for staffing and disciplinary actions and provides hands-on training to staff.  
7. Develops periodic goals, organizes the work, sets short-term priorities, monitors all activities, and ensures timely and accurate completion of the work. 8. Provides input and support to budget management process. 
9. Leads project initiatives related to the business functions of the team for process improvements, risk/gaps closure, new business and/or industry/client mandates. 

 Experience  
• A College or University degree and/or relevant proven work experience is preferred. 
• 8+ years’ experience in the corporate actions operations environment with proven team leadership or management experience. 
• Experience in self clearing/broker dealer operations is a plus. 
• Experience in managing short term projects relating to automation, systems upgrades and/or client onboarding. 
• Strong proficiency in Excel and Microsoft Word (or related software). 
• Experience with Bloomberg and DTC PTS terminal or web applications. 
• Excellent English, grammar, written and oral communication skills. 
• Understanding of basic accounting principles. 
• Strong reasoning, organization, planning and leadership abilities. 

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,100 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.  

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater. 

As of June 30, 2018, Northern Trust Corporation had:  
$135 billion in banking assets 
$8.1 trillion in assets under custody 
$10.7 trillion in assets under custody/administration
 $1.1 trillion in assets under management

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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), +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 EEO Statement
    • APAC 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