Bachelor's degree with emphasis in Accounting, Finance or a quantitative discipline. Masters' degree would be an advantage.
Business exposure to Equity or Credit or at least some complex derivative products like CDS, IRS, TRS & other OTC products.
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
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.
Hedge fund services- Senior ANALYST, Cash & FX Middle office
Founded in Chicago in 1889, Northern Trust is one of the world's leading financial institutions. We specialise in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.
Role
The job involves working for a Global fund administrator, specializing in administering assets of complex hedge funds. The position requires good experience and background in operations including familiarity with foreign exchange markets, back office settlements and cash functions. This person is proactive in resolving conflict and demonstrates exemplary follow-through. He/she adds value by working on a number of simultaneous tasks/projects with minimal supervision while paying special attention to detail. The ideal candidate is an effective communicator and works well with partner areas. Familiarity with SWIFT and FX markets, products and settlements is extremely beneficial.
Major Duties
Manage the daily processing of cash flow requests by clients. This includes: Ensuring proper AML checks have been performed on the instruction, ensuring all required approvals have occurred, executing payments per authorized instruction, confirming payments have been made, posting all cash related transactions as instructed by the client and assisting in the resolution of any issues related to payments made on behalf of clients.
Manage the daily processing and settlement of FX transactions (spot, forwards, options) for clients.
Work with clients to resolve cash breaks and issues related to wire payments.
Oversee the FX Exposure offering and provide support to clients
Perform trade matching and affirmation for FX trades on trade date between the client and its counterparties.
Communicate trade discrepancies to internal partners and assist in resolving mismatches between the client and its counterparties.
Assist in the development of a scalable, controlled and transparent cash processing work flow for all FX activity
Effectively communicate with IT to test and implement development and enhancements of our FX offering.
Coordinate connectivity with client's banks, custodians and prime brokers through SWIFT
Administer account implementation process and effectively communicate status to internal partners.
Escalate issues and signoff on daily process requirements.
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
Reports to TL/ Section Manager
Ntrs · Bangalore, India