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Consultant, Cash & Collateral Services, Hedge Fund Services

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Operations/Securities
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73138 Requisition #
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Cash & Collateral Services, HFS

Under general supervision (but works independently most of the time) responsible for managing the various daily processing of cash flow requests by third party Hedge Fund Services clients. The Cash and Collateral Services function is responsible for OTC collateral management and wire execution.

  • Manages the daily processing of cash flow requests by clients. This includes ensuring all required approvals have occurred, executing payments per authorized instruction, confirming payments have been made, posting all cash related transactions as instructed by the client and assisting in the resolution of any issues related to payments made on behalf of clients.
  • Oversees and processes investor subscriptions and redemptions and the subsequent movement of cash to the client's desired location.
  • Serves as a liaison to Investor Services on all new subscriptions prior to effecting cash to the appropriate location.
  • Assists in the development of a scalable, controlled and transparent cash processing work flow for all 3rd party cash activity including investor redemptions/subscriptions, margin/collateral movements and swap cash flows. Work directly with IT to test and implement this framework.
  • Supports development of an expanded cash management offering to expose additional cash management solutions to our clients through technology. Provides feedback into cash management system based upon market place needs, client feedback and workflow improvement. Works directly with IT to develop, test and implement this framework.
  • Liaise directly with clients to onboard new clients and establish banking connectivity and solutions that will meet their cash management needs. Administer account implementation processes and effectively communicates status to internal partner areas.
  • Coordinates connectivity with client's banks through SWIFT.
  • Identifies potential cash and collateral management service offerings that would complement HFS offering.
  • Works with clients to resolve cash breaks and issues related to wire payments.
  • Participates/assists in business requirements for IT projects and enhancements for the cash and collateral management team.
  • Delivers a work product that requires less revision
Qualifications:
  • A College or University degree and/or relevant proven work experience (1-3 years relevant expertise is preferred)
  • Excellent oral and written communication skills are required
  • Functional / Industry Knowledge is beneficial
  • Highly flexible and adaptable to change
  • Technical skills / systems knowledge is required

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.


As of December 31, 2018, Northern Trust Corporation had:

$10.1 trillion in assets under custody/administration
$7.6 trillion in assets under custody
$1.1 trillion in assets under management
$132 billion in banking assets 

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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
  • APAC EEO Statement
    • APAC EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • Canada EEO Statement
    • Canada EEO STATEMENT

      Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

  • EMEA EEO Statement
    • EMEA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • USA EEO Statement
    • USA EEO STATEMENT

      It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.)EEO is Law Poster Supplement