Middle Office Trade Support – Hedge Fund Services
| Company | Northern Trust |
|---|---|
| Location | Tempe, AZ, USA, Chicago, IL, USA |
| Salary | $74200 – $126200 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Entry Level/New Grad, Junior, Mid Level |
Requirements
- 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
Responsibilities
- Affirmation/Confirmation of all OTC trades on electronic platforms or on paper where required
- Manage the settlement of swap cash flows associated with OTC products, including unwinds, fees, resets, and premiums
- Assist in proper operational reflection of OTC trades
- Review booking of corporate actions and dividends/coupons to ensure accurate position and p/l attribution
- Efficiently identify and resolve transaction discrepancies between client and swap counterparties. Liaison between trading desk, control groups and counterparties to resolve any economic discrepancies on trades in a timely and efficient manner
- Process all aspects of periodic resets for vanilla and exotic IRS, CDS, and Equity OTC products
- Ensure timely receipt of OTC confirmations from trading counterparties
- Ensure accuracy of transaction agreements and modifications
- Work with IT in the development and enhancement of the trade management system
- Prioritize time accordingly to action trade breaks by end of day
- Understand and process trade activity in accordance with established operations policies and procedures; understand and minimize risk associated with trade mismatches
- Must be able to interact with coworkers and clients in a fast-paced trading environment.
- Should be intellectually curious, intuitive, and trustworthy and have the highest ethical standards
- Effectively address a number of internal and external audiences in a professional manner
- Assist in the training of personal internationally
- Perform other related duties as required
Preferred Qualifications
-
No preferred qualifications provided.