Sr. Consultant, OTC Derivatives, Client Dedicated Team, HFS

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.
Position Title: OTC Structured Products
Department: OTC Derivative Operations - Rates
OTC Team responsibilities
§ Responsible for the verification, settlement, life cycle event processing, and break resolution related to all client OTC Rates trades.
§ Responsible for affirmation/confirmation of all OTC Rates trade types on electronic platforms and/or on paper where required.
§ Responsible for the completion of requested amendments related to all client OTC Rates trade bookings.
Key Duties and Responsibilities:
§ Affirmation/Confirmation for Rates OTC trades on electronic platforms or on paper where required
§ Manage the settlement of swap cash flows associated with Rates products, including unwinds, resets, and premiums
§ Key point of contact and escalation point for trading desk, reconciliation and control group, and counterparties to resolve any economic discrepancies on trades in timely manner
§ Ensure accuracy of transaction agreements and modifications
§ Ensure proper controls and audit requirements are upheld through all processes
§ Work with IT in the development and enhancement offront to back trading systems
§ Understand and process trade activity in accordance with established operations policies, procedures and client deliverables; understand and minimize risk associated with trade mismatches
§ Ensure procedures are kept up to date
§ Adaptability and ability to effectively work with many coworkers and clients in a fast-paced trading environment.
§ Should be intellectually curious, intuitive, and trustworthy and have the highest ethical standards
§ Assist in the training of personal - locally and globally
§ Seek to improve processes and enhance the overall client experience
Minimum Qualifications (Education, Experience, Skills):
§ Minimum Bachelor's Degree
§ Excellent people skills; ability to dynamically act as knowledgeable point of reference to co-workers domestically and internationally
§ Proficiency in Microsoft Excel, VBA and Word
§ Excellent math and analytical skills
§ Excellent English, grammar, written and oral communication skills
§ Ability to handle multiple tasks under extremely time sensitive conditions
Additional Qualifications (Prior Experience)
§ Experience in Rates OTC structured and derivatives products.
§ Knowledge of MarkitWire and MTM affirmation workflow
§ Understanding of the various Rates OTC transaction types such as vanilla, cap/floors, swaptions, OIS, FRAs and YCSOs.
Physical Demands and Work Environment: Must be able to interact with coworkers and clients in a fast-paced trading environment. Work environment and physical demands otherwise are those normally associated with office work, including frequent use of the computer and telephone. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential job functions unless those accommodations would impose an undue hardship or constitute a direct threat. Hours may infrequently vary based upon market conditions and may require staggered schedule at times to assist in covering European or Asia hours.
Summary: The successful candidate will be a mature self-starter who has demonstrated the ability to function independently in a fast-paced, dynamic and demanding environment. This person needs to be able to resolve conflict within a short period of time. This person will be intellectually curious, intuitive, trustworthy and have the highest ethical standards. In addition, he/she will be effective addressing a number of internal and external audiences in a professional manner. This person will add value by working on a number of simultaneous tasks with minimal supervision and exemplary follow-through.
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 andapply today.#MadeForGreater
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 [email protected].
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.
#LI-HY #LICL1