Northern Trust is looking to improve its operational efficiency and client service through enhanced reporting, automation, and process development in financial settlements.
Requirements
- Familiarity with cash settlements, forecasting and funding requirements across bank, custodian and Prime Broker counterparties is desired.
- Understanding of basic accounting principles and procedures
- Familiarity with Hedge Fund structures, products and financial instruments
Responsibilities
- Daily reconciliation of positions for Equity, Fixed Income, Futures, Swap, FX Forward, Repo, Cash and Collateral.
- Analyze and understand all security and cash position differences related to reconciliations
- Assist in the development of scalable, controlled, and transparent reporting processes impacting Cash and FX settlements
- Assist in developing and implementing projects and software which promote automation and efficiency
- Accurately define business requirements for IT projects and enhancements
- Support the development of expanding offerings and services to expose additional new solutions to our clients through technology.
- Administer account implementation process and effectively communicate status to internal partner areas.
Other
- The successful candidate is a mature self-starter with an entrepreneurial spirit and team focus and is able to function independently in a fast-paced, dynamic and demanding environment.
- 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 clients and partner areas.
- Communicate and escalate material break issues to the teams who will be impacted downstream from the reconciliation process
