Sr. Consultant, Cash & Collateral, Client Dedicated, HFS
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.
Summary of the Position's Responsibilities Overview:
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.
A familiarity across Futures, OTC, Repo and PB margin is required.
Responsibilities:
o Support the daily margin process across OTC, Repo and Futures.
This includes:
issuing and responding to calls in accordance with notification times, investigating exceptions and escalating disputes as agreed with clients.
Respond quickly and accurately to requests in a high volume, time sensitive trading environment.
o Review and setup of client collateral terms found in ISDA, GMRA or similar docs.
o Initiate collateral payments in accordance with controls, manage settlement instructions and track payments through settlement.
o Determine eligible securities for use in agreeing collateral demands; administer process to deliver and exchange securities in accordance with client's eligibility rules.
o Process cash and securities transactions through internal systems.
o Resolve breaks for any settlement issues related to collateral activity.
o Direct month-end collateral interest process from reconciliation to settlement.
o Utilize TriResolve to develop, provide and publish collateral reports to clients.
o Oversee margin reconciliations and resolution of breaks through TriResolve platform; work with clients, counterparties and internal partners to resolve disputes and reconciliations.
o Support expanded development of the collateral management offering to expose additional solutions to our clients through technology.
Prioritize development based upon market needs, client feedback and workflow demands.
o Effectively communicate with IT to test and implement development of collateral management offering.
o Liaise directly with clients during onboarding and establish connectivity with their counterparties.
Administer account implementation process and effectively communicate status to internal partner areas.
o Communicate effectively with team members, internal groups and external counterparties o Accurately define business requirements for IT projects and enhancements for the cash and collateral management team.
Qualifications (Desired) o 1-3 years of work experience with direct experience in Collateral Management o Experience in project management and client interaction o Understanding of basic accounting principles and procedures o Familiarity with Hedge Fund structures, products and financial instruments o Excellent written and oral communication skills o Bachelor's degree is required; MBA, CPA or CFA is desired 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.
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 sustainable companies! Build your career with us andapply today.
#MadeForGreater Reasonable accommodation Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities.
If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at email protected .
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.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
#LI-HY #LICL1 Additional Information Recommended Skills Attention To Detail Basic Accounting Principles Business Requirements Communication Conflict Resolution Entrepreneurship Estimated Salary: $20 to $28 per hour based on qualifications.
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.
Summary of the Position's Responsibilities Overview:
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.
A familiarity across Futures, OTC, Repo and PB margin is required.
Responsibilities:
o Support the daily margin process across OTC, Repo and Futures.
This includes:
issuing and responding to calls in accordance with notification times, investigating exceptions and escalating disputes as agreed with clients.
Respond quickly and accurately to requests in a high volume, time sensitive trading environment.
o Review and setup of client collateral terms found in ISDA, GMRA or similar docs.
o Initiate collateral payments in accordance with controls, manage settlement instructions and track payments through settlement.
o Determine eligible securities for use in agreeing collateral demands; administer process to deliver and exchange securities in accordance with client's eligibility rules.
o Process cash and securities transactions through internal systems.
o Resolve breaks for any settlement issues related to collateral activity.
o Direct month-end collateral interest process from reconciliation to settlement.
o Utilize TriResolve to develop, provide and publish collateral reports to clients.
o Oversee margin reconciliations and resolution of breaks through TriResolve platform; work with clients, counterparties and internal partners to resolve disputes and reconciliations.
o Support expanded development of the collateral management offering to expose additional solutions to our clients through technology.
Prioritize development based upon market needs, client feedback and workflow demands.
o Effectively communicate with IT to test and implement development of collateral management offering.
o Liaise directly with clients during onboarding and establish connectivity with their counterparties.
Administer account implementation process and effectively communicate status to internal partner areas.
o Communicate effectively with team members, internal groups and external counterparties o Accurately define business requirements for IT projects and enhancements for the cash and collateral management team.
Qualifications (Desired) o 1-3 years of work experience with direct experience in Collateral Management o Experience in project management and client interaction o Understanding of basic accounting principles and procedures o Familiarity with Hedge Fund structures, products and financial instruments o Excellent written and oral communication skills o Bachelor's degree is required; MBA, CPA or CFA is desired 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.
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 sustainable companies! Build your career with us andapply today.
#MadeForGreater Reasonable accommodation Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities.
If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at email protected .
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.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
#LI-HY #LICL1 Additional Information Recommended Skills Attention To Detail Basic Accounting Principles Business Requirements Communication Conflict Resolution Entrepreneurship Estimated Salary: $20 to $28 per hour based on qualifications.
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