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Divisional Head, Reconcl

📁
Operations/Securities
📅
74301 Requisition #
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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 March 31,2019, Northern Trust Corporation had:

 

$10.9 trillion in assets under custody/administration
$8.2 trillion in assets under custody
$1.2 trillion in assets under management
$122 billion in banking assets

Senior Management Position at Northern Operating Services Pvt. Ltd in Bangalore and/or Pune
Founded in Chicago in 1889, Northern Trust is one of the world’s leading financial institutions. We specialize 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 senior management position is a strategic leadership role with broad responsibilities for implementing the Business/functional unit strategy in India and providing oversight for the Operations and Business Management. 
The successful candidate will have primary responsibility for the Reconciliation Operations team within the country and will be managing multiple functions and providing leadership and guidance to managers.
PRINCIPAL RESPONSIBILITIES
The Reconciliations Group validates balances between Northern Trust and other counterparties, ensuring all exceptions are identified and assigned to the appropriate owner to reduce risk. Reconciliations works with other agent banks, sub-custodians, service providers and internal systems to ensure everything is in balance.
• The candidate will have overall responsibility/accountability for client delivery (BAU), migrations, driving automation/productivity/efficiency and people/career development programs. The Candidate will also be responsible for providing leadership and guidance to staff, fostering an environment that encourages employee engagement, teamwork, collaboration, and communication.
• Oversees plans and directs the activities for the Unit, ensuring that the business objectives are being met within a country.  Assure appropriate senior management oversight and governance of BAU activities. 
• Participates in developing business unit, local and regional strategic initiatives and sets goals and priorities based on the direction set for the unit; follows through to ensure that objectives are met
• Responsible for the development and enforcement of controls within the operations of the unit to deliver a near to flawless standard of service
• Accountable for ensuring that adequate operations controls are implemented, risks are mitigated and processes are compliant with regulatory requirements
• Responsible for leadership of a practice/department within a business unit, responsible for client delivery activities through cultivation of relationships with global practice executives and stakeholders.
• Makes staffing decisions, and ensures resources are available to accomplish priorities.  Builds a diverse team through recruiting, hiring and succession planning.
• Conducts the performance management process including salary reviews, identifies training and development needs, and establishes performance standards for the division/unit.  Supports individual career aspirations with lateral movement to new roles or growth and tenure in current roles.
• Demonstrates an understanding of regulations as well as the business impact in each jurisdiction and monitors effective implementation.
• Assumes accountability for liaising cross-function to improve efficiency, effectiveness and productivity.
• Maintains strong relationships with Operations and multiple business stakeholders to meet & exceed expectations of the client
• Strong technical & people manager with leadership qualities to think and act strategically
• Be an effective manager within the unit and with other units by imparting knowledge as appropriate
• Focus on leading and developing people through continuous mentoring / coaching

EXPERIENCE/SKILLS
• Demonstrated experience in managing and providing thought leadership of an operational department with at least 18-20 years of experience.
• Knowledge of operations and corporate business strategies are required to drive measurable business outcomes that enable achievement of financial goals. 
• Leadership and organizational skills are required to direct activities for multiple units.
• In-depth functional / industry knowledge is required.
• Candidates must be highly flexible and adaptable to change.
• A University degree and relevant work experience in the Custody, Cash, Asset Servicing & Reconciliation operations
• Strong leadership, management and organizational skills are required to develop periodic goals, and manage and motivate team members towards the established goals
• Excellent communication skills (both written and oral) to interact and manage expectations with stakeholders and management


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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