Sr. Analyst, Csh & Cltrl Svc, IPS

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 successful candidate is a mature self-starter with an entrepreneurial spirit and team focus and is able to function independently in a fast-paced, dynamic and demanding environment. 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 clients and partner areas.

A familiarity across Futures, OTC, Repo and PB margin is desired.

Manage the daily margin process across OTC (bilateral and centrally cleared), Repo and Futures for Middle Office clients. This includes: issuing and responding to calls in accordance with notification times, investigating exceptions and escalating disputes as agreed with clients. Respond quickly and accurately to requests in a high volume, time sensitive trading environment. Lead key client implementations to onboard Collateral clients in accordance with our SLA;

manage the client engagement to highlight our service level, key controls and dependencies while identifying key client deliverables, notifications and any bespoke requests that require investigation. Review and setup of client collateral terms based upon ISDA, GMRA or similar docs. Determine eligible securities for use in agreeing collateral demands; administer process to deliver and exchange securities in accordance with client’s eligibility rules.

Process cash and securities transactions through internal systems and track for settlement or handling post-settlement. Direct month-end collateral interest process from reconciliation to settlement. Utilize Tri Resolve to develop, provide and publish collateral reports to clients. Oversee margin reconciliations and resolution of breaks through Tri Resolve platform; work with clients, counter parties and internal partners to resolve disputes and reconciliations. Work closely with Clients, business development, business owners and SMEs to help capture and formalize client requirements Support expanded development of the collateral management offering to expose additional solutions to our clients through technology.

Prioritize development based upon market needs, client feedback and workflow demands. Effectively communicate with IT to test and implement development of collateral management offering. Liaise directly with clients during onboarding and establish connectivity with their counter parties. Administer account implementation process and effectively communicate status to internal partner areas. Communicate effectively with team members, internal groups and external counter parties Accurately define business requirements for IT projects and enhancements for the cash and collateral management team.

• 1-3+ years of work experience with direct experience in Collateral Management
• Experience in project management and client…