Associate Consultant, OTC Derivatives

ACCA Careers; Bengaluru; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

Northern Trust in Bengaluru seeks an Associate Consultant, iNFORMATION DELIVERY, to support a global hedge fund administrator. The role emphasizes data flow understanding, reconciliations, and timely issue resolution within a fast-paced back-office environment.

The candidate should have 4–6 years in financial services, strong English communication, and proficiency in Excel/SQL; willingness to work shifts is preferred."

Qualifications

• Bachelor’s degree in Accounting; Master’s degree a plus.
• 4–6 years of work experience in a Financial Institution, with 2 years in reconciliations.
• Experience with Hedge Funds, Investment Management and/or Financial Services preferred.
• Knowledge of accounting principles and procedures; familiarity with financial markets and instruments.
• Flexible for shifts and extended working hours.

Responsibilities

• Understand dataflow and inter-team dependencies (FC, IA/IS, Compares).
• Analyze reports to identify discrepancies with troubleshooting.
• Communicate with team members and counterparties to resolve discrepancies timely.
• Ensure deliverables meet SLAs; assist teammates with queries and issues.
• Conduct daily process reviews and update SOPs as needed.
• Add and review various control checks to minimize risk of breaks and trade mismatches.
• Understand settlement of cash flows for instruments; escalate and resolve issues.
• Respond to queries quickly in high-volume trading environments.
• Develop action plans to resolve outstanding issues; work on ad-hoc activities.
• Maintain MIS reports and look to streamline/automate reporting with technology.

Skills

Analytical skills

Numerical skills

Reasoning skills

Self-starter

Teamwork

English communication

Multi-tasking

Education

Bachelor’s degree in Accounting

Master’s degree a plus

Tools

MS Excel

MS Word

SQL

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Omnium services-Associate Consultant, iNFORMATION DELIVERY

Founded in Chicago in 1889, Northern Trust is one of the world’s leading financial institutions. We specialise 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.

Role

The job requires working for a Global Hedge Fund Administrator, specializing in administering assets of complex hedge funds. The position requires very good understanding of various investment instruments like Equities, Fixed Income Products, Derivatives, Swaps, CFDs, Repos etc. The position requires experience and in-depth knowledge in financial markets and middle & back office functions.

Major Duties

• Understanding of entire dataflow and understanding of inter team dependencies like FC, IA/IS and Compares.
• Analyse every report sent out to client to identify discrepancies between compared reports with good troubleshooting skills.
• Proactive communication and Liaise effectively with team members, internal groups and external counterparties to resolve discrepancies in a timely and efficient manner.
• Ensuring deliverables are adhered to as per agreed SLAs by helping team members in resolving their queries and issues.
• Daily reviews to ensure the process is in adherence with SOPs and the same are updated as required.
• Should be capable of adding and reviewing various control checks.
• Understand and minimize risks associated with breaks and trade mismatches.
• Understanding the settlement of cash flows associated with various financial instruments.
• Issue escalation and resolution on a timely manner.
• Respond quickly and accurately to queries in a high volume, time sensitive trading environment.
• Prioritize time accordingly to action trade breaks by timelines.
• Developing action plans for resolution of outstanding issues.
• Ability to work on ad-hoc activities.
• Should have the ability to maintain various MIS reports.
• Consistently look to streamline and automate the reporting/analytical process with the use of technology

Accountabilities

• Employees are required to comply with the regulatory regime in which Northern Trust operates as appropriate to the above role
• Employees are expected to exercise due care and diligence, ensuring the areas the incumbent is responsible for are organised and controlled
• Employees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties
• Reports to TL/Section Manager

Skills

• Good analytical, numerical and reasoning skills
• Approachable and able to promote teamwork through creative solutions
• Self-starter with the ability to function independently in a fast-paced, dynamic and demanding environment.
• Proficiency in MS Office (particularly Excel & Word)
• Proficiency in SQL
• Excellent spoken and written English and the ability to write business correspondence.
• Ability to work effectively as a team
• Ability to evaluate priority and multi-task with minimal supervision.

Qualifications

• Bachelor’s degree with emphasis in Accounting, Master degree a plus
• Minimum of 4-6 years of work experience in a Financial Institution with a minimum of 2 years in reconciliations related activities.
• Experience with Hedge Funds, Investment Management and/or Financial Services strongly preferred
• Knowledge of accounting principles and procedures, familiarity with financial markets and instruments.
• Should be flexible for shifts and extended working hours.

Eligibility for Internal partner

• 24 months as a Senior Analyst to move as a Technical coordinator/Associate Consultant.
• Movement within TC and Associate Consultant is 12 months

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees. In this stunning office space, we offer fantastic amenities which include our Arrival Hub - Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees.

End Date: August 22, 2026