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Manager, Bank Debt, Hedge Fund Services

📁
Operations/Securities
📅
68468 Requisition #
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Summary: Northern Trust Hedge Fund Services is a rapidly expanding Global fund administrator, specializing in administering assets of complex hedge funds. This position requires specialized knowledge of bank loan assets from an operational perspective.

 

Key Duties and Responsibilities:

• Manage a small but growing team of partners within Global Operations responsible for lifecycle event processing, trade break resolution and middle office trade support for NTHFS clients for asset types including but not limited to bank loans and related SWAPS, trade claims, private fixed income and private equity.

• Participate in the hiring process, train newer partners, and oversee internal processes and controls in addition to providing direct coverage for some clients. • Perform all employee related administrative duties including but not limited to annual reviews as well as team related administrative duties including but not limited to business continuity planning and testing and compliance with internal and external audit requests.

• Participate in the sales process, including but not limited to responding to RFPs, attend client sales calls, perform demonstrations of systems capabilities and provide information to the Sales team as requested.

• Act as point of escalation for all client issues for the Bank Debt team for external clients as well as internal inquiries from other teams including but not limited to Accounting, Risk, Relationship Management, Financial Control and Business Unit Control.

• Work closely with implementation teams to coordinate and oversee the on-board new client portfolios, back-loading tax lots and historical activity onto internal books and records and Wall Street Office.

• Document gaps in processes and technology necessary to meet client needs, proposing process and technology solutions to close outstanding service and functional gaps.

• Write Business Document Requirements outlining technology enhancements for external vendors, work with vendors and internal IT to test enhancements, see projects through to completion by facilitating the roll-out of enhancements and new functionality to the Production Environment.

• Minimum of 5 years operations experience working with bank loan securities and related TRS

• Understanding of the LSTA guidelines required, including a basic understanding of the loan closing process

• Experience documenting requirements, writing BRDs, coordinating testing or project management skills a plus

• Proficiency in Microsoft Office, Bloomberg required; Proficiency with Wall Street Office preferred

• Excellent written and oral communication skills; comfortable in a client facing role

• Ability to handle multiple tasks and meet deadlines in an extremely time sensitive conditions

• Knowledge of basic accounting principles and familiarity with financial markets and instruments

 

Education: Bachelor's degree in Finance, Accounting or related field

 

Physical Demands and Work Environment: Must be able to interact and communicate with co-workers, clients and vendors in a clear, thorough and concise manner. Work environment and physical demands are those normally associated with office work, including frequent use of the computer and telephone. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential job functions unless those accommodations would impose an undue hardship or constitute a direct threat.

 

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 16,500 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, 2018, Northern Trust Corporation had:

 $10.8 trillion in assets under custody/administration

$8.1 trillion in assets under custody

$1.2 trillion in assets under management

$130 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