CAREERS

Senior Analyst – Derivatives (Collateral)

📁
Operations/Securities
📅
78255 Requisition #

DEPARTMENT OVERVIEW:

 

Global Derivative Operations supports Northern Trust Custody and Investment Operations Outsourcing clients across the full range of Exchange Traded and Over-The-Counter Derivative products, providing operational functions and interfacing between both clients and in-sourced derivative operational areas.

Derivative Operations consists of Trade Capture, Trade Confirmations, Settlements, Client Services, Valuations and Analytics, and Collateral Management services. Derivative Operations Teams are situated across the globe in locations including Melbourne, Bangalore, London, Frankfurt and Chicago.

 

Within this structure, the EMEA Collateral Management Team is an exciting and growth area of derivatives.  The Collateral Team is presented with new challenges every day from existing and potential new clients. The Collateral Team thrives on these challenges and partners work closely together supporting and cross training each other to be able to handle the demands of the clients. 


JOB DESCRIPTION:


As part of continued expansion and ongoing commitment to partner development and progression we have an opening for a Senior Analyst in the EMEA Derivatives Collateral Management team.


This is a varied role focussed on day to day services for Repo collateral, instructing margin and bespoke collateral services for outsourcing clients. Working with a team of Collateral Analysts and Senior Analysts to service the day to day needs of our clients and drive performance and efficiency.The Senior Analyst will report directly to the Team Lead of Collateral and additionally provide support for global partners managing Collateral for clients across multiple regions.


KNOWLEDGE/SKILLS REQUIRED:


- Understanding of ISDA Credit Support Annex and GMRA documentation and industry best practises and advantage but not necessary
- Understanding of industry developments and regulatory changes including Dodd Frank and EMIR an advantage
- Very strong attention to detail, accuracy and commitment to maintaining a strong control environment
- Ability to work constructively under time pressure and to tight deadlines.
- Strong analytical and problem solving capabilities
- Good client relationship management skills
- Able to demonstrate the ability to challenge existing processes and suggest ways of improving them


MAJOR DUTIES:


-Responsible for ensuring the teams day to day activities are completed
- Ensuring daily checklists and procedures are kept updated and reflect the processes that are being carried out within the team
- Monitoring day to day margin calls ensuring client exposures are covered
- Ensuring controls on collateral management process are monitored and exceptions resolved in a timely manner
- Work with global counterparts to ensure adequate coverage and all client queries answered
- Working together with the global business team to provide excellent client service
- Assist with client on-boarding and transition activity
- Providing reporting to managers and clients
- Ensuring timely escalation of any issues to senior management
- Contribute to UAT testing for new products and change developments as needed, ensuring changes meet the business and client needs


EXPERIENCE REQUIRED:


- Relevant experience in an Operations middle office environment
- Good Microsoft Office suite skills
- Strong communication; written, verbal and presentation skills
- Motivated self-starter with exemplary attention to detail and accuracy

 

ABOUT NORTHERN TRUST:


Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.


Working with Us:


As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!     

          
We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018.


We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and ethical companies. Build your career with us and apply today.




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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
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    • 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.

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    • EMEA EEO STATEMENT

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    • 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