Associate Specialist, Hedge Fund Services, Na - Chicago, United States - Northern Trust Corp.

Northern Trust Corp.

Verified Company

Chicago, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

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.

Major Duties:

Daily reconciliation of transactions and positions for Equity, Corporate Bond, CMO, TBA, Pool, Bank Loan and private securities.
Analyzes and understands all security and cash position differences related to reconciliations.
Coordinates break resolution process between client, operations teams and custodian banks.
Manages hand off process between India and Chicago reconciliation teams, and follow up on open issues.
Works closely with implementation team to ensure seamless handoff and setup of new client accounts.
Performs daily review of reconciliations and execute controls.
Responsible for project work related to increasing efficiency and improving control environment.
Operates Independently, has in-depth knowledge of business unit / function and key upstream/downstream dependency
Identifies areas for process improvement and carries out activities that are technically difficult to execute on those improvements.
Role is focused on development and initiative management. The partner executes on strategic business activities that cross functional lines

Knowledge:

Excellent oral and written communication skills are required
Indepth Functional / Industry Knowledge is required
Highly flexible and adaptable to change
Technical skills / systems knowledge (e.g. Peoplesoft) is required

Experience:

A College or University degree and/or relevant proven work experience is required / preferred. Related Industry qualification (e.g. ACCA) is required / preferred

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.

Reasonable accommodation

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.