OTC​/FX Associate Specialist, Integrated Portfolio Services

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.

The OTC and FX Associate Specialist is responsible for the driving implementation and execution of our project initiatives. They will translate strategy into actionable plans, drive execution across our teams, coordinate dependencies and manage trade-offs, monitor progress and surface risks or constraints and reinforce priorities and adjust as needed. In addition, the OTC and FX Associate Specialist is responsible for contributing, executing and reinforcing the strategic priorities, stepping in to assist the team where needed to successfully satisfy the client support model.

Major Duties:

Being an escalation point for members of the team and clients

Being an OTC/FX Product SMEManage team projects or initiatives

Taking lead on an initiative while contributing and executing in others

Oversight of processes within team of:

Manage multiple clients/hedge funds and business lines within a fast-paced, challenging environment

Affirmation/Confirmation of all OTC and FX trades on electronic platforms or on paper where required

Settlement of swap cash flows associated with OTC and FX products, including unwinds, fees, resets, and premiums

Proper operational reflection of OTC and FX trades

Booking corporate actions and dividends/coupons to ensure accurate position and p/l attribution

Efficiently identify and resolve transaction discrepancies between client and swap counter parties. Liaison between trading desk, control groups and counter parties to resolve any economic discrepancies on trades in a timely and efficient manner

Process all aspects of periodic resets for vanilla and exotic IRS, CDS, and Equity OTC products

Ensure timely receipt of OTC and FX confirmations from trading counter parties

Ensure accuracy of transaction agreements and modifications

Prioritize time accordingly to action trade breaks by end of day Understand and process trade activity in accordance with established operations policies and procedures; understand and minimize risk associated with trade mismatches

Work with IT in the development and enhancement of the trade management system

Must be able to interact with coworkers and clients in a fast-paced trading environment.

Should be intellectually curious, intuitive, and trustworthy and have the highest ethical standards

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

Perform other related duties as required

Assists in the training of staff globally.

Operates independently; has in-depth knowledge of business unit / function

As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level

Carries out activities that are large in scope, cross-functional and technically difficult

Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities

Strategic in developing, implementing and administering programs within functional areas

Knowledge/

Skills:

Bachelor’s degree strongly…