Consultant

About the role

The successful candidate will join the Liquidity Services - India team within the Market Operations unit. This partner will hold a comprehensive cash management role, balancing daily cash liquidity activities with ongoing business changes to support both product and Treasury partners. The individual is expected to contribute to the development of new processes, identify solutions, and assess operational impacts. The role requires a solid understanding of all aspects of Cash Management, including cash forecasting, intraday liquidity flows, and complex transitional activities at Sub Custodians. Additionally, the individual will be responsible for managing Central Bank activities and supporting the Cash Liquidity team. The position demands effective management of priorities, ensuring excellence in execution within a control and risk framework. The partner must be capable of working independently as well as collaboratively within the team, efficiently prioritizing tasks amidst competing deadlines. The partner will also be required to undertake control and risk tasks for the team. Key Responsibilities and Expectations The partner is responsible for proactively ensuring that all relevant documents, such as DPAD and SLD, are properly maintained and periodically reviewed to ensure accuracy and compliance. This role involves identifying and resolving complex operational and organizational challenges by leveraging resources both within and outside the department as needed. The partner must evaluate all transition-related tasks, carefully identifying any gaps or issues that may arise during these processes. Building and maintaining relationships with senior stakeholders is essential. The partner is expected to manage communications effectively to foster collaboration and support business objectives. The individual should provide support for various ad hoc projects related to liquidity and cash management, contributing expertise and assistance as required. Extensive collaboration with Treasury and Product partner teams is expected to help deliver company goals and objectives efficiently. The partner should demonstrate a strategic approach in developing, implementing, and administering programs within their functional areas to drive operational excellence. A working knowledge of credit and counterparty limits is necessary to support effective risk management and decision-making processes. The partner is responsible for ensuring that control standards are always met and promptly escalating any risk issues that are identified. Preparation of monthly reports for senior internal partners and regulators is a key responsibility, ensuring transparency and accountability in operations. The partner provides support for cash liquidity activities, including forecasting, managing intraday liquidity, and handling credit referrals, to ensure optimal cash flow management. It is important to identify changes in business or client behavior that can help optimize liquidity management, with a focus on opportunities to deliver cost savings to Treasury and funding functions. The partner should generate and support new ideas and initiatives, make sound decisions, seek input from others, apply logical thinking, and find effective solutions. All exceptions and escalations received-whether through workflow, emails, or phone calls-must be addressed promptly and tracked for future process improvements. Ensuring that Business Continuity Plans (BCP) are in place and regularly reviewed is vital. The partner must identify potential roadblocks and ensure that robust plans are developed to address them. Analysis of the effectiveness and efficiency of current operational processes is required, with the aim of delivering measurable improvements to productivity and client service. The partner provides risk and control briefings to senior management regarding client servicing, risk management, and strategic planning. Additionally, they review and assist in the harmonization of liquidity management processes and control frameworks across business lines. Skills and Competencies Required To excel in this role, candidates must possess strong expertise in Cash Management, supported by comprehensive industry and business knowledge. This foundation allows for effective oversight of cash activities and ensures strategic alignment with organizational goals. Tactical pr

Additional Information

About Northern Trust: 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.

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