12 days old

Assoc Spec, MO Asset Srvg, HFS

Northern Trust
Chicago, IL 60602
  • Job Code
Experienced functional area expert with technical and functional expertise. Responsible for verification, settlement, and life cycle event processing related to client transactions. The Middle Office Asset Servicing function is responsible for OTC derivatives and foreign exchange trade processing, trade capture, clearing and settlement, expiration services and break resolution. Solves complex problems and initiatives facing the functional area. Where required, liaises with the rest of the business to improve efficiency, effectiveness and productivity. 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
A College or University degree and/or relevant proven work experience is required / preferred. Related Industry qualification (e.g. ACCA) is required / preferred - 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

Additional Information

Posted: 2022-06-17 Expires: 2022-07-16
Sponsored by:
ADP Logo
Sponsored by:
Bank of America Logo

Featured Jobs[ View All ]

Featured Employers

Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

Assoc Spec, MO Asset Srvg, HFS

Northern Trust
Chicago, IL 60602

Join us to start saving your Favorite Jobs!

Sign In Create Account
Powered ByCareerCast