Sr. Consultant, Product Control, Hedge Fund Services

Job Description: Sr. Consultant, Officer

Department: Product Control - Valuations

Summary:

Founded in Chicago in 1889, Northern Trust is one of the world's leading financial institutions. We specialize in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.

Northern Trust Hedge Fund Services offers world-class, scalable technology and dedicated expertise to serve hedge funds and large institutional investors with complex portfolios and product types. The business provides comprehensive middle office and administration services, including trade processing, asset servicing, valuation and profit and loss reporting, cash and collateral management, reconciliations, accounting and NAV calculations and investor servicing and reporting.

Role:

In this role, the individual will be the main point of contact for the client's Fixed Income and Macro investment strategy on all things related to understanding their trading profit & loss and how their valuations have been sourced. The Product Control function within HFS is responsible for independent price verification, daily and monthly P&L reporting, end of month pricing substantiation and end of day positional risk reporting. In addition, the Product Controller will work with internal partner areas to ensure all required processes have been performed to verify the valuation accuracy of the client's portfolio.

Major Duties:

• Managing the daily P&L process for one or more client trading desks
• Daily review of Quality Control checks
• Working with trading desk(s) on P&L differences/inquiries
• 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 consultant's P&L reporting
• Ad/hoc projects to meet and enhance client deliverables

Knowledge / Skills:

• Knowledge of cash and derivative products across various markets with a focus on rates, currencies, sovereign bonds, and inflation.
• Knowledge of pricing and valuation
• Knowledge of profit and loss reporting and related attribution analysis

Experience:

• 2-5 years relevant industry experience minimum
• Strong Fixed Income / Interest Rates background preferred
• Client service experience
• Undergraduate degree in Finance/Accounting is preferable