Sr Consultant Product Control HFS

About Northern Trust:

Northern Trust a Fortune 500 company is a globally recognized awardwinning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the worlds 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 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.

Job Description: Product Control Valuations Hedge Fund Services Northern Trust

Summary:

Founded in Chicago in 1889 Northern Trust is one of the worlds leading financial institutions. We specialize in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.

Northern Trust Hedge Fund Services offers worldclass 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.

Role:
In this role the individual will be the main point of contact for clients to help them understand their trading profit & loss and how their valuations have been sourced. The Product Control function within HFS is responsible for valuation daily and monthly P&L reporting end of month pricing substantiation and end of day positional risk reporting. In addition the Product Controller will work with internal partner areas to ensure all required processes have been performed to verify the valuation accuracy of the clients portfolio.

Major Duties:

• Managing daily P&L process support for multiple HFS clients
• Daily review of quality control checks resolving exceptions and triggering price challenges or revaluation requests on behalf of clients
• Daily engagement with clients to explain P&L differences and respond to inquiries
• Work closely with offshore Product Control team (India) on QC process and migration of work
• Delivering a final daily (and monthend) P&L statement to the client
• Understanding and explaining the key drivers behind the P&L movements
• Preparing/managing monthly (or more frequently as required) price verification process and associated reporting
• Updating and maintaining pricing policy for each financial type that is included in the clients portfolio
• Prepare presentations and analysis as required on process improvement valuation analysis and technology enhancements

Job Description: Product Control Valuations Hedge Fund Services Northern Trust

Summary:

Founded in Chicago in 1889 Northern Trust is one of the worlds leading financial institutions. We specialize in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.

Northern Trust Hedge Fund Services offers worldclass 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.

Role:
In this role the individual will be the main point of contact for clients to help them understand their trading profit & loss and how their valuations have been sourced. The Product Control function within HFS is responsible for valuation daily and monthly P&L reporting end of month pricing substantiation and end of day positional risk reporting. In addition the Product Controller will work with internal partner areas to ensure all required processes have been performed to verify the valuation accuracy of the clients portfolio.

Major Duties:

• Managing daily P&L process support for multiple HFS clients
• Daily review of quality control checks resolving exceptions and triggering price challenges or revaluation requests on behalf of clients
• Daily engagement with clients to explain P&L differences and respond to inquiries
• Work closely with offshore Product Control team (India) on QC process and migration of work
• Delivering a final daily (and monthend) P&L statement to the client
• Understanding and explaining the key drivers behind the P&L movements
• Preparing/managing monthly (or more frequently as required) price verification process and associated reporting
• Updating and maintaining pricing policy for each financial type that is included in the clients portfolio
• Prepare presentations and analysis as required on process improvement valuation analysis and technology enhancements

Knowledge / Skills:

• Understanding of the trade lifecycle pricing and valuation of multiple asset classes preferred (e.g. Fixed Income Rates Derivatives Credit Derivatives Equities FX)
• Experience with pricing vendors such as Markit BVAL LoanX IDC/ICE etc.
• Strong Excel skills required. VBA Python or other programing language to format large data sets is preferred
• Ability to prioritize multitask and perform effectively under deadlines.
• Understanding of the daily P&L process including reporting of T0 Estimate and T1 Actual P&L performing daily quality control checks and resolving valuation discrepancies
• Understanding of alternative investment custodians administrators and service providers.

Qualifications:

• Minimum 35 years of industry experience in one or more of the following fields:
  • Valuations
  • Alternative asset operations
  • P&L/Performance
• Experience in a middle office product control valuation or audit environment
• Undergraduate degree in Finance/Accounting is preferable
• A genuine desire and capability to work in a fastpaced professional inclusive environment which requires teamwork wellhoned problemsolving skills frequent reprioritization deadline management ongoing and comprehensive communication constant attention to detail and a commitment to continuous improvement and best practices.

Knowledge / Skills:

• Understanding of the trade lifecycle pricing and valuation of multiple asset classes preferred (e.g. Fixed Income Rates Derivatives Credit Derivatives Equities FX)
• Experience with pricing vendors such as Markit BVAL LoanX IDC/ICE etc.
• Strong Excel skills required. VBA Python or other programing language to format large data sets is preferred
• Ability to prioritize multitask and perform effectively under deadlines.
• Understanding of the daily P&L process including reporting of T0 Estimate and T1 Actual P&L performing daily quality control checks and resolving valuation discrepancies
• Understanding of alternative investment custodians administrators and service providers.

Qualifications:

• Minimum 35 years of industry experience in one or more of the following fields:
  • Valuations
  • Alternative asset operations
  • P&L/Performance
• Experience in a middle office product control valuation or audit environment
• Undergraduate degree in Finance/Accounting is preferable
• A genuine desire and capability to work in a fastpaced professional inclusive environment which requires teamwork wellhoned problemsolving skills frequent reprioritization deadline management ongoing and comprehensive communication constant attention to detail and a commitment to continuous improvement and best practices.

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Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits 401k and pension) health and welfare benefits (medical dental vision spending accounts and disability) paid time off parental and caregiver leave life & accident insurance and other voluntary and wellbeing benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

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.

Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply today.#MadeForGreater

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 .

We hope youre 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.