Sr Analyst, Hedge Fund Acctng at Northern Trust in Bangalore

Job description

About Northern Trust As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. Role The job involves working for a Global fund administrator, specializing in administering assets of complex hedge funds. The position requires good experience and background in operations including familiarity with foreign exchange markets, back office settlements and cash functions. This person is proactive in resolving conflict and demonstrates exemplary follow-through. He/she adds value by working on a number of simultaneous tasks/projects with minimal supervision while paying special attention to detail. The ideal candidate is an effective communicator and works well with partner areas. Familiarity with SWIFT and FX markets, products and settlements is extremely beneficial. Major DuTIES · Manage the daily processing of cash flow requests by clients. This includes: Ensuring proper AML checks have been performed on the instruction, ensuring all required approvals have occurred, executing payments per authorized instruction, confirming payments have been made, posting all cash related transactions as instructed by the client and assisting in the resolution of any issues related to payments made on behalf of clients. · Manage the daily processing and settlement of FX transactions (spot, forwards, options) for clients. · Work with clients to resolve cash breaks and issues related to wire payments. · Oversee the FX Exposure offering and provide support to clients · Perform trade matching and affirmation for FX trades on trade date between the client and its counterparties. · Communicate trade discrepancies to internal partners and assist in resolving mismatches between the client and its counterparties. · Assist in the development of a scalable, controlled and transparent cash processing work flow for all FX activity · Effectively communicate with IT to test and implement development and enhancements of our FX offering. · Coordinate connectivity with client’s banks, custodians and prime brokers through SWIFT · Administer account implementation process and effectively communicate status to internal partners. · Escalate issues and signoff on daily process requirements. ACCountabilities · Employees are required to comply with the regulatory regime in which Northern Trust operates as appropriate to the above role · Employees are expected to exercise due care and diligence, ensuring the areas the incumbent is responsible for are organised and controlled · Employees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties · Reports to TL/ Section Manager Skills § Approachable and able to promote teamwork through creative solutions § Good analytical, numerical and reasoning skills § Time management and delegation skills § Deep understanding of process and process improvement § Excellent/advanced knowledge of Excel with VBA experience being a plus; should be familiar with MS Word & Office tools. § Excellent English, grammar, written and oral communication skills § Adaptive, flexible style with the ability to work in a dynamic, fast-paced environment Qualifications: § A minimum of 3+ years of experience in Financial Services environment, preferably in FX Middle Office or Operations. § Experience with Hedge Funds, In