Consultant, OTC & FX, Hedge Fund Services

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.OTC and FX Consultant, Northern Trust Hedge Fund ServicesFounded in Chicago in 1889, Northern Trust is one of the world’s leading financial institutions. We specialize in providing asset servicing solutions and asset management to both institutional and personal clients.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.Job Description:The OTC and FX Consultant is responsible for the verification, settlement, life cycle event processing and break resolution related to all client OTC and FX transactions. In addition, the OTC and FX Consultant is responsible for the affirmation/confirmation of all OTC and FX trade types on electronic platforms and/or on paper as well as the completion of requested amendments related to all client OTC and FX trade bookings.Major Duties:Affirmation/Confirmation of all OTC and FX trades on electronic platforms or on paper where requiredManage the settlement of swap cash flows associated with OTC and FX products, including unwinds, fees, resets, and premiumsAssist in proper operational reflection of OTC and FX tradesReview booking of corporate actions and dividends/coupons to ensure accurate position and p/l attributionEfficiently identify and resolve transaction discrepancies between client and swap counterpartiesProcess all aspects of periodic resets for vanilla and exotic IRS, CDS, and Equity OTC productsEnsure timely receipt of OTC and FX confirmations from trading counterpartiesEnsure accuracy of transaction agreements and modificationsWork with IT in the development and enhancement of the trade management systemPrioritize time accordingly to action trade breaks by end of dayUnderstand and process trade activity in accordance with established operations policies and procedures; understand and minimize risk associated with trade mismatchesInteract with coworkers and clients in a fast-paced trading environmentBe intellectually curious, intuitive, and trustworthy with the highest ethical standardsEffectively address a number of internal and external audiences in a professional mannerAssist in the training of personnel internationallyPerform other related duties as requiredKnowledge/Skills:Bachelor’s degree strongly preferredTwo plus years of experience in FX or OTC structured and derivatives products operations including:Experience with the settlement of OTC structured and derivatives productsExperience reviewing documentation for OTC structured and derivatives productsProficiency with DS Match, MarkitWire/MarkitTradeManager, and eConfirm platforms preferredExcellent people skills; ability to act as knowledgeable point of reference to co-workers domestically and internationallyProficiency in Microsoft Word, Excel (ability to create macros)Excellent math and analytical skillsExcellent written and oral communication skillsStrong organization skills, meticulous attention to detailAbility to handle multiple tasks under extremely time-sensitive conditionsUnderstanding of various transaction types within each asset class beyond ‘vanilla’ trades is preferredUnderstanding of established guidelines and documents published by ISDA is helpfulOTC Regulatory knowledge across Dodd Frank, EMIR, ASIC, MASExperience: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. This person will be intellectually curious, intuitive, trustworthy and have the highest ethical standards. In addition, he/she will be effective addressing a number of internal and external audiences in a professional manner. This person will add value by working on a number of simultaneous tasks with minimal supervision and exemplary follow-through.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 accommodationNorthern 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.

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