Energy Middle Office, Trading Support, Hedge Fund Service

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.

Northern Trust Hedge Fund Services is a rapidly expanding Global fund administrator, specializing in administering assets of complex hedge funds. These positions require specialized knowledge of Energy trading Gas & Power in the European and the North American markets. 

Northern Trust Hedge Fund Services offers world-class, scalable technology and dedicated expertise to serve Hedge Funds and large Institutional Investors with complex portfolios and product types.  The business provides comprehensive middle office and administration services, including trade processing, asset servicing, valuation and profit and loss reporting, cash and collateral management, reconciliations, accounting and NAV calculations and investor servicing and reporting.

Energy Middle Office, Trade Support, Hedge Fund Services, within Northern Trust is hiring for:

• Entry-level, Individual Contributors
• Mid-level, Individual Contributors
• Senior-level, Individual Contributors
• if you meet the below requirements, please apply

Key Duties and Responsibilities:

• Liaise with trading desks, associates and counterparties to resolve trade discrepancies, cash and position breaks for Energy Trading.
• Work with clients and technology teams to on board new clients utilizing various internal and vendor systems to map energy trading activity from CTRM to hedge fund middle and back office systems correctly.
• Knowledge of CTRM like Endur/Allegro and building products from trade capture to valuation.
• Knowledge of settling invoices with the Storage and Transport facilities for gas on a monthly basis
• Knowledge of Energy exchanges across EMEA/NA regions like JAO, PJM, EEX, NODAL, ERCOT.
• Knowledge of different products that trade in these markets including futures, spot, swaps at various frequencies (yearly, monthly, daily, intraday, weekend, day ahead.)
• Knowledge of various pricing vendors for energy products like Morning Star, Heron, Platts. to help ensure accurate P&
• Very good knowledge of life cycle of energy /physical products how they move between futures, spot and physical conversions.
• Implement process improvements to increase efficiencies and work on various ad-hoc projects at the direction of senior management
• Manage daily breaks with FCMs, hubs, exchanges and clients and get them resolved.
• Work with the accounting team at month end to resolve any NAV related issues with Gas molecules

Minimum Qualifications (Education, Experience, Skills):

• Minimum of 3-5 years operations experience working with energy products in EMEA/NA
• Deep understanding of instruments in the energy space.  
• Proficiency in Microsoft Office experience with databases (Alteryx/Python/SQL/PowerBI)
• Excellent written and oral communication skills, comfortable in a client facing role
• Ability to handle multiple tasks and meet deadlines in an extremely time sensitive conditions
• Experience documenting requirements, writing BRDs, coordinating testing or project management skills a plus
• Knowledge of basic accounting principles and familiarity with financial markets and instruments

Education:

• Bachelor's degree in finance, Accounting or related field

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 and apply today.

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 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.

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