Analyst, OTC/FX, Middle Office, Hedge Fund Services

2 months ago

Chicago, United States Northern Trust Full time

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.

OTC Analyst, Northern Trust Hedge Fund Services

 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.

Job Description:

The OTC Analyst is responsible for the verification, settlement, life cycle event processing and break resolution related to all client OTC transactions. In addition, the Sr. Analyst is responsible for the affirmation/confirmation of all OTC trade types on electronic platforms and/or on paper as well as the completion of requested amendments related to all client OTC trade bookings.

Major Duties:

  • 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

Knowledge/Skills:

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

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.

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 MyHRHelp@ntrs.com.

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.

Talk to us about your flexible working requirements and together we can achieve greater.

For further information, and to apply, please visit our website via the “Apply” button below.

  • Analyst, OTC/FX, Hedge Fund Services

    2 months ago

    Chicago, Illinois, United States Northern Trust Full time

    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...

  • Consultant, OTC

    3 months ago

    Chicago, United States Northern Trust Full time

    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...

  • Analyst, OTC/FX, Middle Office, Hedge Fund Services

    2 months ago

    Chicago, United States Northern Trust Full time

    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...

  • Energy Middle Office, Trading Support, Hedge Fund Service

    2 days ago

    Chicago, United States Northern Trust Full time

    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...

  • Hedge Fund Analyst

    2 months ago

    Chicago, Illinois, United States Hummingbird Capital Full time

    Hummingbird Capital is a hedge fund firm located in Greater Chicago Area that specializes in market-neutral portfolio construction using sector edge and a fundamental catalyst-driven approach to attain risk-adjusted returns.The investment strategy emphasizes non-consensus idea generation, focusing on factor neutrality, fundamental analysis, and identifying a...

  • Trade Surveillance

    4 weeks ago

    Chicago, United States Larson Maddox Full time

    We are currently partnered with a leading hedge fund looking to add to a Trade Surveillance Compliance Officer to their growing Team.The Compliance Officer will focus on trading surveillance, particularly to detect market manipulation and insider trading, with an emphasis on over-the-counter products such as Foreign Exchange, Precious Metals, Swaps, and...

  • Back Office Compliance Analyst

    3 months ago

    Chicago, United States Larson Maddox Full time

    Position Overview: We are seeking a detail-oriented and highly analytical Back Office Compliance Analyst. This role is critical in ensuring the accuracy and compliance of firmwide financial operations, particularly in the areas of dividend payments, corporate actions, FX spot trades, and P&L reconciliation. The ideal candidate will have a strong background...

  • Back Office Compliance Analyst

    3 months ago

    Chicago, United States Larson Maddox Full time

    Position Overview: We are seeking a detail-oriented and highly analytical Back Office Compliance Analyst. This role is critical in ensuring the accuracy and compliance of firmwide financial operations, particularly in the areas of dividend payments, corporate actions, FX spot trades, and P&L reconciliation. The ideal candidate will have a strong background...

  • Consultant, Product Control, Hedge Fund Services

    3 weeks ago

    Chicago, United States Northern Trust Full time

    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...

  • Consultant, Product Control, Hedge Fund Services

    4 weeks ago

    Chicago, Illinois, United States Northern Trust Full time

    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...

  • Consultant, Product Control, Hedge Fund Services

    4 weeks ago

    Chicago, United States Northern Trust Full time

    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...

  • Senior Financial Analyst Treasury FX Trader

    2 months ago

    Chicago, Illinois, United States VetJobs Full time

    The following position is available to Veterans, Transitioning Military, National Guard and Reserve Members, Military Spouses, Wounded Warriors, and their Caregivers.Senior Financial Analyst, Treasury FX Trader– Chicago, ILThe Treasury's Senior Financial Analyst position is an excellent opportunity for a quantitative professional to apply advanced...

  • Middle Office Ops Specialist

    3 months ago

    Chicago, United States Selby Jennings Full time

    A leading proprietary trading company is expanding its presence in the energy sector and is actively seeking to strengthen its teams across the business. With over three decades of experience, the company utilizes sophisticated technology and skilled personnel to operate globally across various asset classes, including Fixed Income, ETFs, Equities, FX,...

  • Senior Analyst, Fund Administrator, Hedge Fund Services

    2 months ago

    Chicago, United States Northern Trust Full time

    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...

  • Hedge Fund Accounting Associate Manager

    2 weeks ago

    Chicago, Illinois, United States SS&C Technologies Full time

    SS&C is a leading global provider of investment and financial services and software tailored for the financial services and healthcare sectors. Recognized on the Fortune 1000 list as a top U.S. company by revenue, SS&C is headquartered in Windsor, Connecticut, employing over 20,000 professionals across more than 90 offices in 35 countries. Approximately...

  • Assistant controller – Hedge Fund

    1 month ago

    Chicago, United States Robert Half Full time

    HYBRID ROLEIf you'd like to apply to this hybrid Assistant Controller – Hedge Fund role, please email john.sadofsky@roberthalf.c0mThe two biggest things on people’s minds right now: ‘Which street festival is happening next?’ and ‘Where can I find a fresh start?’. NOTE: This position is a career-fast-track opportunity. Whoever fills this role is...

  • Assistant controller – Hedge Fund

    1 month ago

    Chicago, United States Robert Half Full time

    HYBRID ROLEIf you'd like to apply to this hybrid Assistant Controller – Hedge Fund role, please email john.sadofsky@roberthalf.c0mThe two biggest things on people’s minds right now: ‘Which street festival is happening next?’ and ‘Where can I find a fresh start?’. NOTE: This position is a career-fast-track opportunity. Whoever fills this role is...

  • Hedge Fund Accounting Associate Manager

    2 weeks ago

    Chicago, Illinois, United States SS&C Advent Full time

    Position Title: Associate Manager, Hedge Fund AccountingCompany Overview: SS&C is a leading global provider of investment and financial services, as well as software solutions tailored for the financial services and healthcare sectors. Recognized on the Fortune 1000 list for its revenue achievements, SS&C operates from its headquarters in Windsor,...

  • Commodities Middle Office with Global Hedge Fund

    2 weeks ago

    Chicago, United States OCR Alpha Full time

    Our client, a globally leading multi-strategy hedge fund, is looking for an experienced person to join their Commodities focussed Trade Support team in Chicago. The company have one of the outstanding reputations in the industry in terms of both performance and culture. Their AUM exceeds over $10bn and they have a global presence in the US, Europe and...

  • Consultant, Fund Administration, Hedge Fund Services

    4 weeks ago

    Chicago, United States Northern Trust Full time

    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...