Consultant, Middle Office, Trade Processing, Hedge Fund Services

Northern Trust; Chicago (IL); On-site; USD 74,000 - 127,000; Full time

Job summary

A leading financial institution is seeking a candidate for a role involving daily reconciliation of transactions and positions, client coordination, and project work. The ideal candidate will possess a college degree, strong communication skills, and technical knowledge, especially in systems like Peoplesoft. This position offers a salary range of $74,200 to $126,200, along with a comprehensive benefits package.

Benefits

401k and pension

Health and welfare benefits

Paid time off

Discretionary bonus program

Qualifications

• Excellent oral and written communication skills required.
• In-depth Functional / Industry Knowledge is required.
• Highly flexible and adaptable to change.

Responsibilities

• Daily reconciliation of transactions and positions.
• Coordinates break resolution process between client and operations.
• Responsible for project work related to increasing efficiency.

Skills

Communication

Flexibility

Technical skills

Education

College or University degree

Related Industry qualification (e.g. ACCA)

Tools

Peoplesoft

Job description

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 world’s 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 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Major Duties:

1. Daily reconciliation of transactions and positions for Equity, Corporate Bond, CMO, TBA, Pool, Bank Loan and private securities.
2. Analyzes and understands all security and cash position differences related to reconciliations.
3. Coordinates break resolution process between client, operations teams and custodian banks.
4. Manages hand off process between India and Chicago reconciliation teams, and follow up on open issues.
5. Works closely with implementation team to ensure seamless handoff and setup of new client accounts.
6. Performs daily review of reconciliations and execute controls.
7. Responsible for project work related to increasing efficiency and improving control environment.
8. Carries out complex activities with significant financial, client, and/or internal business impact.
9. Able to serve as a key subject matter expert and mentor to other more junior level employees.
10. May manage daily operational activities and supervise day-to-day work of junior level employees (but not a formal management role).
11. More technically sound in area of expertise and has broader knowledge of other areas.

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 preferred. Related Industry qualification (e.g. ACCA) is preferred

Salary Range:

$74,200 - 126,200 USD

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.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today.

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 [e-mail].

We hope you’re 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.

For further information, and to apply, please visit our website via the “Apply” button below.