TL Sr Cons, MO Asset Svcg, HFS
- Recruiter
- Northern Trust
- Location
- Chicago, Illinois, United States
- Salary
- Unspecified
- Posted
- 19 May 2022
- Closes
- 24 May 2022
- Ref
- 95304
- Job role
- Financial planning & analysis, Fund accountant
- Contract type
- Permanent
- Hours
- Full time
- Experience level
- Qualified accountant
Has day-to-day management responsibilities for a small team in the Middle Office Asset Servicing function in Hedge Fund Services. Responsible for the assignment of work to a Middle Office Asset Servicing. Responsible for verification, settlement, and life cycle event processing related to client transactions. The Middle Office Asset Servicing function is responsible for security master management, corporate actions and entitlement tracking, OTC derivatives, fixed income and foreign exchange trade processing, trade capture, clearing and settlement, end of day trade match, trade fail management, expiration services and break resolution.
Conducts performance management and career development processes. .
Conducts performance management and career development processes. .
- Organizes the work of the team, assigns tasks, sets short-term priorities, monitors all activities and ensures timely and accurate completion of the work.
- Affirms OTC trades from prior trade date.
- Ensures timely receipt of electronic-based OTC confirmations from trading counterparties.
- Ensures accuracy of transaction agreements and modifications.
- Assists swap confirmation team in covering all OTC products such as total return swaps, equity options, structured equity products, convertible bond options, credit defaults and fixed income products.
- Manages the settlement of swap cash flows associated with OTC products, including unwinds, quarterly fees, resets, and premiums
- Assists in proper operational reflection of OTC trades
- Reviews booking of corporate actions and dividends/coupons to ensure it affects the position and p/1 properly.
- Assist in developing and implementing projects and software which promote automation and efficiency as well as work with IT in the development/enhancement of trade entry.
- Efficiently identifies and resolves transaction discrepancies between firm and swap counterparties.
- Processes all aspects of periodic resets for vanilla and exotic IRS, CDS, and TRS products.
- Assists in the training of staff globally.
- Operates independently; has in-depth knowledge of business unit / function.
- As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level.
- Carries out activities that are large in scope, cross-functional and technically difficult.
- Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities.
- Conducts performance management and career development processes, and staffing and disciplinary actions.
- Provides input and support to budget management process.
Qualifications/Skills:
- A College or University degree and/or relevant proven work experience is preferred.
- Related Industry qualification (e.g. ACCA) is preferred
- Excellent oral and written communication skills are required
- In-depth Functional / Industry Knowledge is required
- Highly flexible and adaptable to change
- Technical skills / systems knowledge is required
- Leadership and organizational skills are needed to prioritize assignments and provide feedback to staff.
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