Tag: Settlements

Job Function :  Accounting Portfolio / Fund
Manager Position :  Non-manager
Standard Hours :  40
Exempt/Non-Exempt :  Exempt
Regular/Temporary :  Regular

The job involves working for Northern Trust Hedge Fund Services, a Global fund administrator, specializing in administering assets of complex hedge funds. The position requires good experience and back ground in financial markets and back office functions

Knowledge/Skills :  
•Knowledge of basic accounting principles and procedures, thorough understanding of financial markets and instruments as well as the settlement of them
•Proficiency in Excel and Microsoft Word (or related software), and experience with working in a database
•Excellent English, grammar, written and oral communication skills
•Strong knowledge of settlement procedures, financial markets and instruments preferred.

Major Duties :  
•Perform and oversee all processes related to daily trade break resolution for equity products – stocks, bonds, warrants as well as listed options and futrues.
•Liaison between clients’ trading desks, prime brokers, exchanges and counterparties to ensure efficient resolution of breaks and open reconciling items to guarantee timely settlement.
•Monitor trade posting process and upload trades to prime brokers
•Resolve fails with Prime Brokers after settlement date, by working with counterparties to facilitate delivery
•Work with Client On-boarding team to facilitate transition from startup to parallel testing to live production for new fund administration clients.
•Train new hires on systems, processes and procedures
•Cross train with other areas within Clearing and Settlements.
•At the direction of senior management, responsible for the successful implementation and interpretation of plans, policies and procedures for operations business.
•Perform other related duties as required.

•Experience in exchange traded securities settlement operations preferred, but not required.
•Experience with Oasys Global and Central Trade Manager Applications preferred not required.
•Bachelors degree preferred
~CB