Associate, Securities Finance Operations

Location
Sydney, New South Wales, Australia
Salary
Unspecified
Posted
22 Jun 2022
Closes
06 Jul 2022
Ref
99211
Contract type
Permanent
Hours
Full time

Who we are
Northern Trust is a preeminent global financial institution that provides asset servicing, investment management and wealth management services for institutions, high-net-worth individuals and families. For more than 130 years, our success has been anchored in one purpose: to serve as our clients’ most trusted financial partner, guarding and growing their assets as though they are our own. Our market-leading technological capabilities—spanning from artificial intelligence for currency management, blockchain for fund administration and cloud-based solutions to deliver personalized wealth management services—allow us to deliver the highest level of service to our clients with speed and precision.
What we do
Northern Trust’s international business has grown dramatically over the last decade. Some of our largest clients are located in Asia and Australia, which represents a rapidly growing client base for the company. Our intricate understanding of the region allows us to provide unique insights and strategic perspectives to our clients. Currently, we have client offices in Beijing, Hong Kong, Melbourne, Singapore,Tokyo and Kuala Lumpur.
Northern Trust is proud to serve the Australian community with global capabilities, meaningful insights and exceptional service. Institutional clients across Asia Pacific have relied on Northern Trust for effective solutions and ethical guidance across asset servicing and asset management since 1986.
Role Summary
Australia is a key expansion market for Northern Trust’s Securities Finance business who are building their local presence both in the front office and in operations. The Associate, Securities Finance Operations has been created to provide operational support to the Securities Lending Trading desk in Sydney and to work with external counterparts particularly borrowers and sub-custodians. The primary focus will be on trade settlements (equites and fixed income), loan recalls and sales management. The role will also be involved in other operational aspects of the securities finance lifecycle such as collateral management.
You will act as the primary point of contact for Securities Finance operations in Australia and will work closely with Securities Lending Trading desk, Securities Finance Operations teams based in Manila and Bangalore, and other internal areas such as the Account Management team. The role will have a direct reporting line to the Division Manager for Securities Finance Operations in APAC based in Bangalore.
What you will do

  • Act as first point of reference for day-to-day operational queries (primarily trade support related), and liaise with related areas.

  • Process daily securities finance operational activities (primarily settlements related) and, in time, supervise day-to-day work of junior staff offshore (but not a formal management role).

  • Work closely with Securities Finance Trading desk and Account Managers and provide operational support.

  • Identify potential risk situations, ensuring appropriate management and timely escalation where needed.

  • Interact with borrowers and other external parties, developing effective working relationships in order to address operational issues.

  • As a subject matter expert in the area of Australia trade support, provide guidance and leadership in these matters to staff and other impacted parties, and act as an advisor to business decisions.

  • Provide management reporting on operational activities.

  • Provide training and coaching to junior staff based offshore.

  • Effective contribution to ad-hoc projects and may lead projects.











About You

  • Operational experience working in securities markets / asset servicing organizations.

  • Knowledge in Australian Equity and Fixed Income settlements.

  • Operational knowledge of Securities Lending markets (especially Australia) and associated operational processes such as loan collateralisation would be advantageous.

  • Ability to set priorities, multi-task and manage deadlines, escalating issues where necessary.

  • Self-starter, flexible, with the ability to work under pressure with minimal supervision.

  • Effective and confident communicator (oral and written), capable of influencing peers and holding discussions with external counterparties.

  • Strong attention to detail.

  • Able to recognise opportunities for improvement and make constructive suggestions.

  • Ability to coach others.

  • Good PC skills, in particular, Excel.

  • Experience in communicating with teams (operations and front office) and external financial institutions.


As of 31 March 2022, Northern Trust Corporation had:

  • $15.5 trillion in assets under custody/administration

  • $12.0 trillion in assets under custody

  • $1.5 trillion in assets under management

  • $173 billion in banking assets


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 that is committed to strengthening the communities we serve!


We recognize the value of inclusion and diversity in culture, in thought, and in experience. Which Is why we are honored to receive the following awards in 2022:

  • Gender Equality Index Member, Bloomberg, 2022 (5th consecutive year)

  • Top ranking of 100% on the Human Rights Campaign Foundation’s, Corporate Equality Index, 2022 (For the 15th consecutive year, Northern Trust has scored 100% and earned the designation as a “Best Place to Work for LGBTQ Equality”)


In Australia, we are actively involved in many ways with both community and diversity organisations, which includes charity participation days. For families, we offer a very generous parental leave scheme, and all staff have access to subsidised health insurance if they choose.
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 ethical companies. Build your career with us and apply today!

  • Want to learn more about our company? Visit www.northerntrust.com

  • We are a leading global financial institution- Click here to check out our company accolades!


















Additional Information










































Who we are

Northern Trust is a preeminent global financial institution that provides asset servicing, investment management and wealth management services for institutions, high-net-worth individuals and families. For more than 130 years, our success has been anchored in one purpose: to serve as our clients’ most trusted financial partner, guarding and growing their assets as though they are our own. Our market-leading technological capabilities—spanning from artificial intelligence for currency management, blockchain for fund administration and cloud-based solutions to deliver personalized wealth management services—allow us to deliver the highest level of service to our clients with speed and precision.

What we do

Northern Trust’s international business has grown dramatically over the last decade. Some of our largest clients are located in Asia and Australia, which represents a rapidly growing client base for the company. Our intricate understanding of the region allows us to provide unique insights and strategic perspectives to our clients. Currently, we have client offices in Beijing, Hong Kong, Melbourne, Singapore, Tokyo and Kuala Lumpur.

Northern Trust is proud to serve the Australian community with global capabilities, meaningful insights and exceptional service. Institutional clients across Asia Pacific have relied on Northern Trust for effective solutions and ethical guidance across asset servicing and asset management since 1986.

Role summary

Australia is a key expansion market for Northern Trust’s Securities Finance business who are building their local presence both in the front office and in operations. The Associate, Securities Finance Operations has been created to provide operational support to the Securities Lending Trading desk in Sydney and to work with external counterparts particularly borrowers and sub-custodians. The primary focus will be on trade settlements (equites and fixed income), loan recalls and sales management. The role will also be involved in other operational aspects of the securities finance lifecycle such as collateral management.

You will act as the primary point of contact for Securities Finance operations in Australia and will work closely with Securities Lending Trading desk, Securities Finance Operations teams based in Manila and Bangalore, and other internal areas such as the Account Management team. The role will have a direct reporting line to the Division Manager for Securities Finance Operations in APAC based in Bangalore.

What you will do

  • Act as first point of reference for day-to-day operational queries (primarily trade support related), and liaise with related areas.
  • Process daily securities finance operational activities (primarily settlements related) and, in time, supervise day-to-day work of junior staff offshore (but not a formal management role).
  • Work closely with Securities Finance Trading desk and Account Managers and provide operational support.
  • Identify potential risk situations, ensuring appropriate management and timely escalation where needed.
  • Interact with borrowers and other external parties, developing effective working relationships in order to address operational issues.
  • As a subject matter expert in the area of Australia trade support, provide guidance and leadership in these matters to staff and other impacted parties, and act as an advisor to business decisions.
  • Provide management reporting on operational activities.
  • Provide training and coaching to junior staff based offshore.
  • Effective contribution to ad-hoc projects and may lead projects.

About you

  • Operational experience working in securities markets / asset servicing organizations.
  • Knowledge in Australian Equity and Fixed Income settlements.
  • Operational knowledge of Securities Lending markets (especially Australia) and associated operational processes such as loan collateralisation would be advantageous.
  • Ability to set priorities, multi-task and manage deadlines, escalating issues where necessary.
  • Self-starter, flexible, with the ability to work under pressure with minimal supervision.
  • Effective and confident communicator (oral and written), capable of influencing peers and holding discussions with external counterparties.
  • Strong attention to detail.
  • Able to recognise opportunities for improvement and make constructive suggestions.
  • Ability to coach others.
  • Good PC skills, in particular, Excel.
  • Experience in communicating with teams (operations and front office) and external financial institutions.

As of 31 March 2022, Northern Trust Corporation had:

  • $15.5 trillion in assets under custody/administration
  • $12.0 trillion in assets under custody
  • $1.5 trillion in assets under management
  • $173 billion in banking assets

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 that is committed to strengthening the communities we serve!

We recognize the value of inclusion and diversity in culture, in thought, and in experience. Which Is why we are honored to receive the following awards in 2022:

  • Gender Equality Index Member, Bloomberg, 2022 (5th consecutive year)
  • Top ranking of 100% on the Human Rights Campaign Foundation’s, Corporate Equality Index, 2022 (For the 15th consecutive year, Northern Trust has scored 100% and earned the designation as a “Best Place to Work for LGBTQ Equality”)

In Australia, we are actively involved in many ways with both community and diversity organisations, which includes charity participation days. For families, we offer a very generous parental leave scheme, and all staff have access to subsidised health insurance if they choose.

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 ethical companies. Build your career with us and apply today!

  • Want to learn more about our company? Visit www.northerntrust.com
  • We are a leading global financial institution- Click here to check out our company accolades!

For further information, and to apply, please visit our website via the “Apply” button below.

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