Senior Consultant, Product Control, HFS

Title

Collateral Management, Middle Office, Hedge Funds Services Organization: A Global Fund Administrator, specializing in administering assets of complex hedge funds.

Overview

The successful candidate is a mature self‑starter with an entrepreneurial spirit and team focus and is able to function independently in a fast‑paced, dynamic and demanding environment. This person is proactive in resolving conflict and demonstrates exemplary follow‑through. He/she adds value by working on a number of simultaneous tasks/projects with minimal supervision while paying special attention to detail.

The ideal candidate is an effective communicator and works well with clients and partner areas. A familiarity across Futures, OTC, Repo and PB margin is desired.

Responsibilities

• Manage the daily margin process across OTC (bilateral and centrally cleared), Repo and Futures for Middle Office clients.
• Issue and respond to calls in accordance with notification times, investigate exceptions and escalated disputes as agreed with clients.
• Respond quickly and accurately to requests in a high volume, time‑sensitive trading environment.
• Lead key client implementations to onboard collateral clients in accordance with our SLA; manage the client engagement to highlight our service level, key controls and dependencies while identifying key client deliverables, notifications and bespoke requests that require investigation.
• Review and set up client collateral terms based upon ISDA, GMRA or similar documents.
• Determine eligible securities for use in collaterals demands; administer process to deliver and exchange securities in accordance with client eligibility rules.
• Process cash and securities transactions through internal systems and track for settlement or post‑settlement handling.
• Direct month‑end collateral interest process from reconciliation to settlement.
• Utilize TriResolve to develop, provide and publish collateral reports to clients.
• Oversee margin reconciliations and resolve breaks through TriResolve; work with clients, counterparties and internal partners to resolve disputes and reconciliations.
• Work closely with clients, business development, business owners and SMEs to capture and formalize client requirements.
• Support expanded development of the collateral management offering to expose additional solutions to clients through technology.
• Prioritize development based upon market needs, client feedback and workflow demands.
• Effectively communicate with IT to test and implement development of collateral management offering.
• Liaise directly with clients during onboarding and establish connectivity with their counterparties.
• Administer account implementation process and effectively communicate status to internal partner areas.
• Communicate effectively with team members, internal groups and external counterparties.
• Accurately define business requirements for IT projects and enhancements for the cash and collateral management team.

Qualifications

• 4‑6+ years of work experience with direct experience in collateral management.
• Experience in project management and client interaction.
• Understanding of basic accounting principles and procedures.
• Familiarity with hedge‑fund structures, products and financial instruments.
• Excellent written and oral communication skills (Required).
• Bachelor’s degree required; MBA, CPA or CFA desired.

Applicant Requirements

Applicants must be authorized to work in the U.S. without the need for employment‑based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H‑1B, L‑1, TN, O‑1, E‑3, H‑1B1, F‑1, J‑1, OPT, CPT or any other employment‑based visa). #LI‑HY #LI‑CL1

Salary

$83,100 – 141,300 USD. Salary range is a good faith estimate of base pay.

Benefits

Northern Trust provides a comprehensive benefits package including retirement benefits (401(k) 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.

Reasonable Accommodation

We are 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 [email protected].

EEO Statements

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non‑discriminatory manner in accordance with our obligations under the law and codes of practice.

This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non‑discriminatory manner in accordance with our obligations under the law and codes of practice.

This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status.