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.

Hedge fund services- Senior Consultant Collateral Management

Founded in Chicago in 1889, Northern Trust is one of the world’s leading financial institutions. We specialise in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.

Role

The job requires working for a Global Hedge Fund Administrator, specializing in administering assets of complex hedge funds. Senior Consultant in Collateral is responsible for end-to-end margin lifecycle management, reconciliation, client interaction, UMR compliance, and governance oversight, while driving process improvements and ensuring risk-controlled delivery.

The position involves performing daily reconciliation of transactions, security positions and cash for all trading activity generated by clients.

Major Duties

• Three way Reconciliation between Client, Counter party and House records for Cash and Collaterals including Margin Calls on application TriOptima.
• Strong ownership on break closure timelines
• Issue and Respond to all the margin calls for OTC and Repo trades.
• Identify exceptions in Margin disputes and drive resolution with relevant stakeholders
• Sending emails to Client for approval on the cash entries created
• Follow up with client and Counterparty in regarding the issue related to the margin calls.
• Review new client’s ISDA and CSA agreements to ensure accuracy of daily call processing
• Month-end collateral interest process
• Communicate effectively with team members, internal groups and external counterparties
• Escalate issues that fall outside normal resolution timeframe
• Respond quickly and accurately to requests in a high volume, time sensitive trading environment
• Ensure accuracy, completeness, and audit readiness Follow SOP and control framework
• Understand and apply UMR regulatory requirements for OTC derivatives , Initial Margin (IM) vs Variation Margin (VM) and Segregation requirements
• Support Execution of Regulatory Margin calls
  
  

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 Operations Manger
  
  

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
• Understanding of Market Platforms like Cloud Margin , Colline , Trioptima , Acadia
  
  

Qualifications

• A minimum of 8-12 years of experience in Financial Services environment, preferably, performing processes involving Collateral & Margin calls.
• Experience with Hedge Funds, Investment Management and/or Financial Services strongly preferred.
• Bachelor’s degree with emphasis in Accounting, Finance or a quantitative discipline. Masters’ degree would be an advantage.
• Business exposure to Equity or Credit or at least some complex derivative products like CDS, IRS, TRS & other OTC products.
  
  

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. #MadeForGreater

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 Pune Office

The Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe.

Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.