Analyst - Clearing and Settlements (Hedge Fund Services)

Role This individual will be a part of a client service team focusing on the middle office function and trade management.  As the primary client contact for Clearing and Settlements, the individual will oversee trade capture, trade affirmation to counterparties, trade settlement to Prime Broker/Custodians, and life-cycle event processing.  The successful candidate will be a mature self-starter who has demonstrated the ability to function independently in a fast-paced, dynamic and demanding environment.  This person needs to be able to resolve conflict within a short period of time and add value by working on a number of simultaneous tasks with minimal supervision and exemplary follow-through. Principal Responsibilities Manage all processes related to daily trade break resolution for listed products - equities, bonds, warrants, options, futures, repos Liaison between clients' trading desks, prime brokers, exchanges and counterparties to resolve breaks and open reconciling items to ensure timely settlement Process all trade corrections, early exercises and assignments and perform any other tasks related to daily trade processing of listed option and stock trades. Manage all monthly expiration activities by providing clients with expiring positions, posting exercise/assignment transactions, and informing prime brokers. Process trade corrections and manage pre-settlement confirmation process for all types of listed securities, including equities and bonds, as well as options and futures, traded in both U.S. and international markets. Resolve fails with Prime Brokers after settlement date, by working with counterparties to facilitate delivery. Monitor trade capture process and upload trades to prime brokers. Skills / Experience 1-2 years Middle Office experience incorporating the above key responsibilities an advantage, role would suit graduate with internship experience. Undergraduate degree in Finance, Accounting or related subject Knowledge in post trade processing and settlements Knowledge of financial markets and financial security instruments Knowledge of custody, securities lending, prime brokerage, market trading practices and position processing treatment Knowledge with post trade processing systems and messaging formats: Omgeo's Oasys Global and Central Trade Manager, Swift an advantage. Proficiency in Microsoft Office, Bloomberg Excellent written and oral communication skills About Northern Trust For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world's most-sophisticated clients - from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands. We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater. Northern Trust proudly cultivates a diverse workforce, to serve our diverse client base. We strongly believe that diversity of experience contributes to a broader collective perspective that will consistently lead to a better company. We encourage applications from the best regardless of ethnicity, gender, gender identity, age, nationality, disability, sexual orientation, education, socio-economic background, parental and caring status, or religion. As of March 31, 2018, Northern Trust Corporation had: $10.8 trillion in assets under custody/administration $8.1 trillion in assets under custody $1.2 trillion in assets under management $130 billion in banking assets