Associate Consultant, OTC Derivatives Analyst
4 weeks ago
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.
Under general supervision (but works independently most of the time) responsible for managing complex OTC Derivatives transactions, where expertise is required to interpret policies, guidelines, and/or processes. Full ownership for one or more processes, reports, and/or procedures. Analytically and procedurally competent, representing the team on cross-function process or project deliverables. Emerging as an expert in a specific skill set but remains focused primarily on daily execution.
- Work as an integral part of a Team to provide an excellent service to our client base by fulfilling the client's need for timely management of their Synthetic Equity Swap (CFD's) portfolio.
- Maintain strong systems of controls and standards in the NA Synthetic Equity Swap Operations team ensuring that the business and our clients are protected from risk.
- Challenge our internal processes with a view to finding opportunities for improving the Northern Synthetic Equity operating model making it more efficient and cost effective.
- Support the business by being proactive in all aspects of our role, promoting the "getting it right first-time" culture.
Principal Responsibilities
Teamwork
- Develop a good understanding of all the technical function and processes within the team.
- Take on additional tasks helping other team members who may need assistance.
- Work with other analysts and new staff to resolve issues and improve the skill set of the team.
- Participate in cross-training to get a solid grounding of team functions and to ensure the team runs smoothly at all times including holiday leave, study leave and sick leave.
- Provide support to Team Leader, Derivatives Support Services, and Fund Accounting Teams in all aspects of the management of the business
- Synthetic Equity Swap (CFD's) Support Services
- Ensure that all trades have been captured and accounted for correctly at each valuation point for all funds
- Track lifecycle events from initial set-up to closeout; taking into account corporate actions, dividend payments, and resets.
- Act as an escalation point for any issues that arising with regard to the processes.
- Provide progress update to Line Management on team performance highlighting specific areas requiring review/improvement/automation etc. ensuring that any potential issues are escalated in a timely manner.
- Adhere to our client standards, procedures, and controls and maintain work records in a neat and orderly manner, suitable for review by management and auditors.
- Ensure systems and controls are in place to safeguard the integrity of the swap's set-up on the internal booking platforms.
- Establish excellent working relationships with internal and external stakeholders by ensuring that all queries are resolved in a timely manner.
- Business Technical Support
- Provide expertise and leadership to the team with regard to knowledge of CFDs.
- Work in partnership with our clients to ensure that the fundamentals of the CFD product are understood by the team and business.
- Assist with the integration of new clients trading CFDs into Northern
- Engage in a business-wide training programming outlining the key concepts of the CFD operating model
Efficiency, Controls, and Quality
- Demonstrate a consistent commitment to the culture of 'getting it right first time' and 'continuous improvement' at all times through individual actions and communications.
- Adopt a questioning approach to current methods and provide viable alternatives where possible.
- Continually seek to increase the level of automation of the CFD life-cycle process.
- Manage the query process such that we have a record of all queries raised with the dept. and take steps to reduce the level of queries raised with the Team.
- Maintain up-to-date and comprehensive procedures manuals are maintained at all times.
- Adhere to company standards, procedures, and controls and maintain work files in a neat and orderly manner, suitable for review by management and auditors.
Skills / Experience
- A keen awareness of the Financial Services Industry with a graduate degree in a relevant subject.
- Highly numerate and analytical with an ability to learn quickly.
- Understanding of the Synthetic Equity market is beneficial
- Basic understanding of custody and fund administration functions required
- Creative and dynamic approach to problem-solving
- Ability to work on own initiative and adhere to strict deadlines
- Professional approach and ability to develop relationships both internally and externally
- Proficient in using email and standard Microsoft Office packages. Whereby experience of MS Access, Bloomberg, and/or Fund Accounting packages is not a prerequisite it would provide a distinct advantage
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 and apply today.
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
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.
For further information, and to apply, please visit our website via the "Apply" button below.
-
Consultant, OTC
7 days ago
Chicago, Illinois, United States Northern Trust Full timeAbout 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...
-
Chicago, Illinois, United States Northern Trust Full timeAbout 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...
-
Sr. Consultant, Derivatives
1 month ago
Chicago, Illinois, United States Northern Trust Full timeAbout 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...
-
Sr. Consultant, Derivatives
4 weeks ago
Chicago, Illinois, United States Northern Trust Full timeAbout 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...
-
Associate Consultant, Derivatives
4 weeks ago
Chicago, Illinois, United States Northern Trust Full timeAbout 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...
-
Associate Consultant, Derivatives
1 month ago
Chicago, Illinois, United States Northern Trust Full timeAbout 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...
-
Associate Consultant, Derivatives
1 month ago
Chicago, Illinois, United States Northern Trust Full timeAbout 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...
-
Associate Consultant, Derivatives
4 weeks ago
Chicago, Illinois, United States Northern Trust Full timeAbout 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...
-
Chicago, Illinois, United States Northern Trust Full timeAbout 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...
-
OTC Structuring and Sales Support
2 weeks ago
Chicago, Illinois, United States Marex Services Group, LLC Full timeMarex is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets.The Group provides comprehensive breadth and depth of coverage across four core services: Market Making, Clearing, Hedging and Investment Solutions and Agency and...
-
Market Risk-Data Analyst
1 month ago
Chicago, Illinois, United States Nuveen Full timeRisk Technology Sr AssociateFamiliar with Asset Management and have product knowledge including but not limited to: Equities, Municipals, Taxable Fixed Income, Real Assets and OTC and ETD derivatives, must have great partnership skills and proficient in using Tableau to perform data quality checks and analysis for reporting to Risk Managers. Key...
-
Market Risk-Data Analyst
4 weeks ago
Chicago, Illinois, United States Nuveen Full timeRisk Technology Sr AssociateFamiliar with Asset Management and have product knowledge including but not limited to: Equities, Municipals, Taxable Fixed Income, Real Assets and OTC and ETD derivatives, must have great partnership skills and proficient in using Tableau to perform data quality checks and analysis for reporting to Risk Managers. Key...
-
Senior Financial Analyst Treasury FX Trader
2 weeks ago
Chicago, Illinois, United States National Guard Employment Network Full timeJob Description ATTENTION MILITARY AFFILIATED JOB SEEKERS - Our organization works with partner companies to source qualified talent for their open roles. The following position is available to Veterans, Transitioning Military, National Guard and Reserve Members, Military Spouses, Wounded Warriors, and their Caregivers. If you have the required skill set,...
-
Lead SAP Business Analyst
2 weeks ago
Chicago, Illinois, United States KOMATSU AMERICA Full timePress Tab to Move to Skip to Content LinkSelect how often (in days) to receive an alert:Lead SAP Business Analyst - OTC Date:May 28, 2024Location:Milwaukee, WI, US, Chicago, IL, US, 60631 Onsite or Remote:Onsite PositionKomatsu is an indispensable partner to the construction, mining, forestry, forklift, and industrial machinery markets, maximizing value for...
-
Global Markets Credit
4 weeks ago
Chicago, Illinois, United States Bank of America Full timeJob Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our...
-
Manager, Product Development
2 months ago
Chicago, Illinois, United States Crypto Full timeAbout the role:We are seeking an experienced derivatives or financial markets professional to join our CFTC-regulated exchange, | Derivatives North America (CDNA) to support and grow the regulated derivatives business of This role will require you to support and manage the product roadmap objectives of CDNA. The successful candidate will have derivatives...
-
Lead SAP Business Analyst
2 days ago
Chicago, Illinois, United States Komatsu Full timeKomatsu is an indispensable partner to the construction, mining, forestry, forklift, and industrial machinery markets, maximizing value for customers through innovative solutions. With a diverse line of products supported by our advanced IoT technologies, regional distribution channels, and a global service network, we tap into the power of data and...
-
Sr. Analyst, Consulting Services
1 month ago
Chicago, Illinois, United States TransUnion LLC Full timeWhat We'll Bring:The Consulting Services organization leads our client engagements for the Marketing Solutions product set. The goal for these engagements is to create credible, integrated partnerships with our clients to establish the successful adoption of our TruAudience products and solutions.What You'll Bring:You will work to diagnose business needs, to...
-
Sr. Analyst, Consulting Services
4 weeks ago
Chicago, Illinois, United States TransUnion LLC Full timeWhat We'll Bring:The Consulting Services organization leads our client engagements for the Marketing Solutions product set. The goal for these engagements is to create credible, integrated partnerships with our clients to establish the successful adoption of our TruAudience products and solutions.What You'll Bring:You will work to diagnose business needs, to...
-
Senior Structured Product Analyst
5 days ago
Chicago, Illinois, United States Northern Trust Full timeAbout 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...