Settings

CAREERS

Team Lead, OTC Derivatives Reconciliation & Control, HFS

📁
Operations/Securities
📅
75572 Requisition #
Apply for Job
Share this Job
Sign Up for Job Alerts

Description

 

This job involves working for Northern Trust Hedge Fund Services, a Global fund administrator, specializing in administering assets of complex hedge funds. This role is for a Team Lead position joining a dedicated team servicing a global, multi-strategy hedge fund with several billion dollars in assets under management within Reconciliation & Control.  The successful candidate will be a self-starter and has a record of being effective and strategic in a dynamic and fast paced environment.  This position requires experience with global financial markets from a risk and control perspective.

Key Duties and Responsibilities

• Management of team responsible for daily reconciliation of balances and positions for OTC derivatives across Rates, Credit, Foreign Exchange, Commodity and Exotics

• Strong knowledge in reconciling positions and cash flows associated with Total Return Swaps

• Ability to effectively manage a team towards accurate and timely completion of deliverables

• Complex break investigations for all security and cash position differences related to reconciliations requiring in depth knowledge of all data sources from multiple Client developed proprietary systems combined with external data sources from prime brokers, banks and centralized counterparties

• Coordinate break resolution process between Client, operations teams and external counterparties

• Manage training and support for all related processes between India and Chicago reconciliation teams, and follow up on outstanding issues

• Work closely with Client’s Financial Control and Operations teams to ensure seamless setup of new accounts and underlying strategies including external file mapping and standing up new reconciliations

• Perform daily review of reconciliations, breaks and execute controls

• Project work related to increasing efficiency and improving control environment while adding value to the Client’s T+1 (previous day) support





Qualifications

• Bachelor’s degree required

• 4+ years of experience working for a financial services organization, with exposure to reconciliation and/or accounting processes

• Ability to manage multiple tasks at once and meet deadlines in extremely time sensitive conditions 

• Proficiency in Excel working with large data sets

• Excellent written and oral communication skills

• Experience with equity and fixed income settlements/financing strongly preferred



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 18,500 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 December 31, 2018, Northern Trust Corporation had:

$10.1 trillion in assets under custody/administration
$7.6 trillion in assets under custody
$1.1 trillion in assets under management
$132 billion in banking assets 
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 18,500 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 December 31, 2018, Northern Trust Corporation had:

$10.1 trillion in assets under custody/administration
$7.6 trillion in assets under custody
$1.1 trillion in assets under management
$132 billion in banking assets 

Previous Job Searches

My Profile

Create and manage profiles for future opportunities.

Go to Profile

My Submissions

Track your opportunities.

My Submissions

Similar Listings

United States, Illinois, Chicago

📁 Operations/Securities

Requisition #: 75803

United States, Illinois, Chicago

📁 Operations/Securities

Requisition #: 18047

United States, Illinois, Chicago

📁 Operations/Securities

Requisition #: 74216

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