Senior Consultant, Product Control, Hedge Fund Services at Northern Trust

Chicago, Illinois, United States

Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Hedge Funds, Financial Services, Asset ManagementIndustries

Minimum 3-5 years of industry experience in one or more of the following fields: Valuations, Alternative asset operations, P&L/Performance, Experience in a middle office, product control, valuation or audit environment
Undergraduate degree in Finance/Accounting is preferable
Understanding of the trade lifecycle, pricing, and valuation of multiple asset classes preferred (e.g. Fixed Income, Rates Derivatives, Credit Derivatives, Equities, FX)
Experience with pricing vendors such as Markit, BVAL, LoanX, IDC/ICE, etc
Strong Excel skills required. VBA, Python or other programming language to format large data sets is preferred
Ability to prioritize, multi-task, and perform effectively under deadlines
Understanding of the daily P&L process including reporting of T+0 Estimate and T+1 Actual P&L, performing daily quality control checks, and resolving valuation discrepancies
Understanding of alternative investment custodians, administrators, and service providers
A genuine desire and capability to work in a fast-paced environment

Managing daily P&L process support for multiple HFS clients
Daily review of quality control checks, resolving exceptions, and triggering price challenges or re-valuation requests on behalf of clients
Daily engagement with clients to explain P&L differences and respond to inquiries
Work closely with offshore Product Control team (India) on QC process and migration of work
Delivering a final daily (and month-end) P&L statement to the client
Understanding and explaining the key drivers behind the P&L movements
Preparing/managing monthly (or more frequently as required) price verification process and associated reporting
Updating and maintaining pricing policy for each financial type that is included in the client’s portfolio
Prepare presentations and analysis as required on process improvement, valuation analysis, and technology enhancements
Serve as the main point of contact for clients to help them understand their trading profit & loss and how their valuations have been sourced
Work with internal partner areas to ensure all required processes have been performed to verify the valuation accuracy of the client’s portfolio