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Senior Analyst, Derivatives (ETD)

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Operations/Securities
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74177 Requisition #
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About The Team:


The Derivatives Operations Outsourcing department provides middle and back office operational support to investment management clients across a wide range of Exchange-Traded and Over the Counter products. The department’s responsibilities include trade capture, trade confirmation/affirmation, margin processing and settlement, coupon processing/settlement and the associated reconciliations.


The ETD Margin Processing team is responsible for all processes supporting the management of our clients’ margin liabilities related to their ETD business.


Team Responsibilities:


•Maintaining Client business rules on margin buffers and tolerances

•Monitoring Clearing Broker statements and margin files

•Reviewing morning reconciliations to understand exceptions

•Calculating proposed margin transfers using Client business rules and exceptions

•Obtaining Client approval for proposed margin transfers and FX transactions

•Confirming agreed margin transfers and FX transactions to Clearing Brokers and other stakeholders such as Fund Accountants, Trustees and Third Party Administrators

•Instructing agreed margin transfers and FX transactions to Custodians

•Reflecting agreed margin transfers and FX transactions in NT accounting system

•Investigating and resolving cash breaks related to margin transfers and FX transactions

•Investigating and resolving queries and enquiries from Clients and other parties

•Collating data for production of MIS and KPIs

•Providing support for partners in offshore locations

•Providing support for NT’s extensive Change program

Individual Responsibilities:

•To provide support to the ETD Margin Processing Team Leader and Department Manager
•To ensure that all team duties are completed accurately within internal, market and SLA deadlines and timeframes
•Attend internal and external meetings with Clients and Counterparties where required
•Ensure that procedures are followed and updated regularly
•Ensure that controls are adhered to and evidenced daily
•To improve processes through tactical and strategic initiatives
•To contribute to tactical and strategic initiatives to improve own and team performance
•To contribute to requirements gathering, testing and implementation phases of any Change projects in which the team is a stakeholder

About Northern Trust

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