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.

Clearing and Settlements, HFS, Northern Trust Hedge Fund Services

Northern Trust Hedge Fund Services (HFS) 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

Clearing and Settlements within HFS is responsible for affirmation, settlement, life cycle event processing, and break resolution related to equities, bonds, futures, options, repos, and other listed security transactions. We engage with clients, brokers, prime brokers, and other NT Teams across the globe to ensure our client’s trades are processed accurately and settled in a timely manner.

Middle Office Trade Support, Hedge Fund Services, within Northern Trust is hiring for:

• Entry-level, Individual Contributors
• if you meet the below requirements, please apply for these exciting opportunities

Major Duties :

1. Perform daily review of reconciliations and execute controls to analyze and understand all security and cash position differences related to reconciliations.

2. Efficiently coordinates break resolution process between client, operations teams, and custodian banks.

3. Affirmation/Confirmation of equity & fixed income securities in US and International Markets.

4. Manage the settlement of various securities by liaising with brokers and addressing discrepancies in SSIs and trade details

5. Review and monitor trading activity to ensure accurate trade details are submitted to the market

6. Ensure accuracy of transaction agreements and modifications

7. Works closely with implementation team to ensure seamless handoff and setup of new client accounts.

8. Assists with project work related to increasing efficiency and improving control environment.

9. Prioritize time accordingly to action trade breaks by end of day

10. Effectively address a number of internal and external audiences in a professional manner

11. Assist in the training of personnel internationally

12. Perform other related duties as required

Knowledge/Skills:

• Excellent oral and written communication skills are required
• Excellent analytical skills
• Creative problem solving skills
• Excellent people skills: ability to dynamically act as knowledgeable point of reference to co-workers domestically and internationally
• Highly flexible and adaptable to change
• Ability to handle multiple tasks under time sensitive conditions
• Should be intellectually curious, intuitive, trustworthy, and have the highest ethical standards

Minimum Qualifications (Education and Experience) :

• Minimum Bachelor’s Degree (Finance, Accounting, and Economics preferred) or relevant proven work experience.
• Proficiency in Microsoft Excel and Word
• May be entry level

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. #Made For Greater

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.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

About Our Tempe Office

The Northern Trust Tempe office opened in 2015 with 75 employees and now serves over 75 different business functions with more than 700 employees. The team is recognized as a Global Capability Center that delivers exceptional value, quality, expertise and innovation through our diverse talent. Learn more.