Senior Consultant, OTCFX, Omnium Middle Office Trade 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 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 :

• Affirmation/Confirmation of all OTC and FX trades on electronic platforms or on paper where required
• Manage the settlement of swap cash flows associated with OTC and FX products including unwinds fees resets and premiums
• Assist in proper operational reflection of OTC and FX trades
• Review booking of corporate actions and dividends/coupons to ensure accurate position and p/l attribution
• Efficiently 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 manner
• Process all aspects of periodic resets for vanilla and exotic IRS CDS and Equity OTC products
• Ensure timely receipt of OTC and FX confirmations from trading counterparties
• Ensure accuracy of transaction agreements and modifications
• Work with IT in the development and enhancement of the trade management system
• Prioritize time accordingly to action trade breaks by end of day
• Understand and process trade activity in accordance with established operations policies and procedures; understand and minimize risk associated with trade mismatches
• Must 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 standards
• Effectively address a number of internal and external audiences in a professional manner
• Assists in the training of staff globally
• Perform other related duties as required
• Operates independently; has in-depth knowledge of business unit / function
• As subject area expert provides comprehensive in-depth consulting and leadership to team and partners at a high technical level
• Carries out activities that are large in scope cross-functional and technically difficult
• Role is balanced between high level operational execution and development and execution of strategic direction of business function activities
• Strategic in developing implementing and administering programs within functional areas

Knowledge/Skills :

• Bachelors degree strongly preferred
• Five plus years of experience in FX or OTC structured and derivatives products operations including:
  • Experience with the settlement of OTC structured and derivatives products
  • Experience reviewing documentation for OTC structured and derivatives products
• Proficiency with DS Match MarkitWire/MarkitTradeManager and eConfirm platforms preferred
• Excellent people skills; ability to dynamically act as knowledgeable point of reference to co-workers domestically and internationally
• Proficiency in Microsoft Word Excel (ability to create macros)
• Excellent math and analytical skills
• Excellent written and oral communication skills
• Strong organization skills meticulous attention to detail.
• Ability to handle multiple tasks under extremely time sensitive conditions
• Understanding of the various transaction types within each asset class beyond vanilla trades is preferred (e.g. for IRS understanding of caps floors swaptions etc. and for CDS understanding of tranches recovery swaps ABS/X etc.)
• Understanding of established guidelines and documents published by ISDA is helpful
• OTC Regulatory knowledge across Dodd Frank EMIR ASIC MAS

Experience:

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 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.

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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 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.