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This individual will be a part of a client service team focusing on the middle office function, trade management and settlements. As the primary client contact for Clearing and Settlements, the individual will oversee trade capture, trade affirmation to counterparties, trade settlement, life-cycle event processing and asset servicing.
The successful candidate will be a mature self-starter who has demonstrated the ability to function independently in a fast-paced, dynamic and demanding environment. He/she adds value by working on a number of simultaneous tasks/projects with minimal supervision while paying special attention to detail. This person needs to be able to resolve conflict within a short period of time and add value by working on a number of simultaneous tasks with minimal supervision and exemplary follow-through. A familiarity with front office trading support, listed securities products and structured fixed income, and settlements is required. Familiarity with Listed product workflows (trade capture, trade confirmations, trade settlement and reconciliation) and knowledge of industry platforms such as Omgeo CTM, SWIFT messaging and Prime Broker/Custodian websites is essential.
Manage the daily processing for financial products including Listed Securities and Repo, Exchange Traded Derivatives and Fixed Income.
Liaison between clients trading desks, prime brokers, exchanges counterparties and internal teams to resolve breaks and open reconciling items to ensure timely settlement.
Process trade corrections and manage pre-settlement confirmation process for all types of listed securities, including equities and bonds, as well as options and futures, traded in both U.S. and international markets.
Resolve fails with Prime Brokers/Custodians after settlement date, by working with counterparties to facilitate delivery.
Manage all monthly expiration activities by providing clients with expiring positions, posting exercise/assignment transactions, and informing prime brokers
Effective investigation and reconciliation of breaks and established escalation process
Monitor trade capture process and upload trades to Prime Brokers/Custodians.
Ensuring timely receipt of electronic-based confirmations from trading counterparties.
Communicating effectively with internal partners, clients and auditors, tailoring information to audience as required.
Create and maintain process flows and control tools to accommodate new business needs.
Build and maintain internal and external relationships.
Skills / Experience:
Experience in post trade processing and settlements
2-3 years Middle Office experience incorporating the above key responsibilities in post trade processing and settlement an advantage.
Understanding of the front to back securities trade flow
Knowledge of financial markets and financial security instruments
Knowledge of custody, securities lending, prime brokerage, market trading practices and position processing treatment
Ability to work under pressure and maintain high standards when dealing with tight deadlines, high volumes and demanding trading desks and clients
Proficiency in Microsoft Office, Bloomberg
Excellent written and oral communication skills
Proven team player, taking ownership for own role while contributing to wider team efforts
Preferred experience with post trade processing systems and messaging formats: Omgeo CTM, Crest, Euroclear, DTC, Swift, PB Portals
Undergraduate degree in Finance, Accounting or related subject
Proven leadership experience and ability to work across global teams
About Northern Trust:
Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Working with Us:
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!
We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018.
We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and ethical companies. Build your career with us and apply today.