Consultant, Cash - Integrated Portfolio Services

Consultant, Cash - Integrated Portfolio Services

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Founded in Chicago in 1889, Northern Trust is one of the world’s leading financial institutions. We specialise in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.

Role

The job involves working for a Global fund administrator, specializing in administering assets of complex hedge funds. The position requires good experience and background in operations including familiarity with foreign exchange markets, back office settlements and cash functions. 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 partner areas.  Familiarity with SWIFT and FX markets, products and settlements is extremely beneficial.

Major DuTIES

• Manage the daily processing of cash flow requests by clients. This includes: Ensuring proper AML checks have been performed on the instruction, ensuring all required approvals have occurred, executing payments per authorized instruction, confirming payments have been made, posting all cash related transactions as instructed by the client and assisting in the resolution of any issues related to payments made on behalf of clients.
• Manage the daily processing and settlement of trades for clients.
• Manage screening process.
• Work with clients to resolve cash breaks and issues related to wire payments.
• Assist in the development of a scalable, controlled and transparent cash processing work flow for all Cash activity
• Effectively communicate with IT to test and implement development and enhancements of our offering.
• Coordinate connectivity with client’s banks, custodians and prime brokers through SWIFT
• Administer account implementation process and effectively communicate status to internal partners.
• Escalate issues and signoff on daily process requirements.
• Work on ad-hoc projects within team
• Work with Relationship Managers across global locations to facilitate any client reporting requests
• Knowledge of financial products like, Equity, Credits, Derivative instruments, TRS, REPO etc.
• Facilitate process trainings and reviews

Accountabilities

• Employees are required to comply with the regulatory regime in which Northern Trust operates as appropriate to the above role
• Employees are expected to exercise due care and diligence, ensuring the areas the incumbent is responsible for are organised and controlled
• Employees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties
• Reports to Manager

Skills

• Be able to mentor through confidence and approachability
• Approachable and able to promote teamwork through creative solutions
• Good analytical, numerical and reasoning skills
• Time management and delegation skills
• Deep understanding of process and process improvement
• Excellent/advanced knowledge of Excel with VBA experience being a plus; should be familiar with MS Word & Office tools.
• Excellent English, grammar, written and oral communication skills
• Adaptive, flexible style with the ability to work in a dynamic, fast-paced environment

Qualifications:

• A minimum of 6+ years of experience in Financial Services environment, preferably, performing processes involving P&L, price verification and risk.
• Experience with Hedge Funds, Investment Management and/or Financial Services strongly preferred.
• Bachelor’s degree with emphasis in Accounting, Finance or a quantitative discipline.  Masters’ degree would be an advantage.
• Business exposure to Equity or Credit or at least some complex derivative products like Equity, OTC & FX Options, TRS, CDS, CDX, synthetic CDO's, MBS, Bank Debt, Debt Warrants, Convertible Securities, Corporate and Treasury Bonds.

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 committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees.  In this stunning office space, we offer fantastic amenities which include our Arrival Hub - Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.

Experience Level

Senior Level