Specialist, Middle Office, Trade Support, HFS

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 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.

Major Duties:

1. Affirms OTC trades from prior trade date.

2. Ensures timely receipt of electronic-based OTC confirmations from trading counterparties.

3. Ensures accuracy of transaction agreements and modifications.

4. Assists swap confirmation team in covering all OTC products such as total return swaps equity options structured equity products convertible bond options credit defaults and fixed income products.

5. Manages the settlement of swap cash flows associated with OTC products including unwinds quarterly fees resets and premiums

6. Assists in proper operational reflection of OTC trades

7. Reviews booking of corporate actions and dividends/coupons to ensure it affects the position properly.

8. Assist in developing and implementing projects and software which promote automation and efficiency as well as work with IT in the development/enhancement of trade entry.

9. Efficiently identifies and resolves transaction discrepancies between firm and swap counterparties.

10. Processes all aspects of periodic resets for vanilla and exotic IRS CDS and TRS products.

11. Assists in the training of staff globally.

12. Operates independently has in-depth knowledge of business unit / function and key upstream/downstream dependency

13. As a subject matter expert provides leadership and problem solving to the team and partners at a high technical level. Carries out cross-department initiatives and assists with complex client support needs.

14. Identifies areas for process improvement and carries out activities that are technically difficult to execute on those improvements.

15. Role is focused on development and initiative management. The partner executes on strategic business activities

Knowledge :- Excellent oral and written communication skills are required
- In-depth Functional / Industry Knowledge is required
- Highly flexible and adaptable to change
- Technical skills / systems knowledge (e.g. Peoplesoft) is required

Experience :A College or University degree and/or relevant proven work experience is required / preferred. Related Industry qualification (e.g. ACCA) is required / preferred

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 well-being 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.