Senior Analyst, Reconciliations – Northern Trust recruitment

Northern Trust Corporation is a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Northern Trust, a multibank holding company based in Chicago, has a growing network of 83 offices in 18 U.S. states and has international offices in 16 locations in North America, Europe, the Middle East and the Asia-Pacific region.

Northern Trust’s presence in Melbourne is well established and enjoys continued client and headcount growth. This is an exciting time to work for our company with a market leading portfolio of products and services.

Global Fund Services (GFS) is one of the fastest growing business units within Northern Trust and a key service provided from our Hong Kong operation. Providing market leading Fund Administration, Fidicuary and Custody servicing solutions, GFS is a top player in the Fund Administration market globally and culturally combines a highly commercial, entrepreneurial approach with our established and long standing reputation for market leading services dating back over the last 120 years.  

THE ROLE

We are currently recruiting for a Senior Analyst, Reconiliations is part of our growing Investment Operations Outsourcing team. The successful applicant will focus on resolution of complex transactions, where expertise is required to interpret policies, guidelines and/or processes and takes ownership of processes, reports and/or procedures.

The jobholder will be analytically and procedurally competent, representing the team on cross-function process or project deliverables and may manage daily operational activities and supervise day-to-day work of junior level employees (but not a formal management role).

MAJOR RESPONSIBILITIES

1. Responsible for daily client servicing supporting front office. This includes communication with clients, custodians, internal partner areas, and other third party providers.

2. Responsible for reconciling daily cash and positions to ensure accurate portfolio holdings are available to trades and portfolio managers. This includes reconciling book of records to front office system as well as to the custodian.

3. Responsible for monthly total market value reconciliations and delivery monitoring across all client accounts to custodian and other third party providers.

4. In depth knowledge of operational flow of cash management including FX, subscriptions/redemptions and other client directed cash processes and trade flow process.

5. Recommending best practice standards to meet client service level agreements.

6. Provision of ongoing training and support to partner areas, clients and colleagues. Also act as lead resource in the creation, revision and interpretation of investment operations policies and procedures.

KNOWLEDGE, SKILLS EXPERIENCE

• Demonstrated client servicing capabilities at all levels are required for success in this position.

• Strong technical knowledge of Middle office technologies and specifically Reconciliations is strongly preferred.

• Minimum 1-3 years experience as an Investment Operations Specialist. Experience in an Investment Managers middle office or custody environment strongly preferred.

Our culture is a key reason our employees enjoy working at Northern Trust. We have strong principles, a diverse organization, a prestigious history, and a commitment to solid and steady growth. We embrace industry-leading ideas and value our people. We are approachable, friendly, and exceptionally committed our clients and employees. To learn more about our philosophy and where Northern Trust could take your career, please visit www.northerntrust.com/careers.