Associate Specialist, Middle Office Trade Processing, Hedge Fund Services

Northern Trust Financial Services

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.

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. Familiarity with cash settlements, forecasting and funding requirements across bank, custodian and Prime Broker counterparties is desired.

Responsibilities

• Assist in proper operational reflection of client trading activity.
• 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
• Communicate and escalate material break issues to the teams who will be impacted downstream from the reconciliation process
• 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.
• Communicate effectively with team members, internal groups and external counterparties

Qualifications (Desired)

• Bachelor's degree is required
• Relevant proven work experience is preferred, not required
• Experience in client interaction
• Understanding of basic accounting principles and procedures
• Familiarity with Hedge Fund structures, products and financial instruments
• Excellent written and oral communication skills

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 and apply today.

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 MyHRHelp@ntrs.com.

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.

About Our Tempe Office

The Northern Trust Tempe office opened in 2015 with 75 employees and now serves over 75 different business functions with more than 700 employees. The team is recognized as a Global Capability Center that delivers exceptional value, quality, expertise and innovation through our diverse talent.