Specialist, Middle Office, Trade Support, HFS at Northern Trust

Chicago, Illinois, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

College or University degree and/or relevant proven work experience (required/preferred)
Related Industry qualification (e.g., ACCA) (required/preferred)
Excellent oral and written communication skills
In-depth Functional / Industry Knowledge
Highly flexible and adaptable to change
Technical skills / systems knowledge (e.g., Peoplesoft)

Responsibilities

Affirms OTC trades from prior trade date
Ensures timely receipt of electronic-based OTC confirmations from trading counterparties
Ensures accuracy of transaction agreements and modifications
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
Manages the settlement of swap cash flows associated with OTC products, including unwinds, quarterly fees, resets, and premiums
Assists in proper operational reflection of OTC trades
Reviews booking of corporate actions and dividends/coupons to ensure it affects the position properly
Assists in developing and implementing projects and software which promote automation and efficiency as well as works with IT in the development/enhancement of trade entry
Efficiently identifies and resolves transaction discrepancies between firm and swap counterparties
Processes all aspects of periodic resets for vanilla and exotic IRS, CDS, and TRS products
Assists in the training of staff globally
Operates independently, has in-depth knowledge of business unit / function and key upstream/downstream dependencies
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
Identifies areas for process improvement and carries out activities that are technically difficult to execute on those improvements
Executes on strategic business activities focused on development and initiative management