Analyst, OTC/FX, Middle Office, 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 Analyst, Northern Trust Hedge Fund ServicesNorthern 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 Analyst is responsible for the verification, settlement, life cycle event processing and break resolution related to all client OTC transactions. In addition, the Sr. Analyst is responsible for the affirmation/confirmation of all OTC trade types on electronic platforms and/or on paper as well as the completion of requested amendments related to all client OTC trade bookings.Major Duties:Affirmation/Confirmation of all OTC trades on electronic platforms or on paper where requiredManage the settlement of swap cash flows associated with OTC products, including unwinds, fees, resets, and premiumsAssist in proper operational reflection of OTC 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 counterparties. Liaison between trading desk, control groups and counterparties to resolve any economic discrepancies on trades in a timely and efficient mannerProcess all aspects of periodic resets for vanilla and exotic IRS, CDS, and Equity OTC productsEnsure timely receipt of OTC 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 mismatchesMust be able to interact with coworkers and clients in a fast-paced trading environment.Should be intellectually curious, intuitive, and trustworthy and have the highest ethical standardsEffectively address a number of internal and external audiences in a professional mannerAssist in the training of personal internationallyPerform other related duties as requiredKnowledge/Skills:Minimum Qualifications (Education, Experience, Skills):Minimum Bachelor’s DegreeExcellent people skills; ability to dynamically act as knowledgeable point of reference to co-workers domestically and internationallyProficiency in Microsoft Excel, VBA and WordExcellent math and analytical skillsExcellent English, grammar, written and oral communication skillsAbility to handle multiple tasks under extremely time sensitive conditionsWorking 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.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.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.

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