CAREERS

Team Leader (ETD Derivatives)

📁
Operations/Securities
📅
92507 Requisition #

About Northern Trust:
Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With over 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 we are honored to receive the following awards in 2021: 
•Gender Equality Index Member, Bloomberg
•Top Financial & Banking Company, Black EOE Journal, Hispanic Network Magazine, Professional WOMAN'S Magazine

We’d love to learn more about how your interests and experience could be a fit with one of America’s best banks and most sustainable companies! Build your career with us and apply today.

Team Leader reporting to Section Manager
The job involves leading a team working for a Global Derivatives Process, specializing in administering end to end life cycle of the derivative instruments. The position requires good experience and background in financial markets and Exchange traded derivatives product. Since the role is of a people manager, candidate is responsible for end to end performance management of the direct reports.

The key responsibilities of the role include:
The responsibilities may include, but may not be limited to, the following;

PROCESS MANAGEMENT

Supervise team working on ETD custody/IOO for Global derivatives practice
•    Ensure derivative trading/ margin and Reconciliation activities are efficiently supported and ensure seamless day-to-day processing.
•    Ensure Client SLA’s are understood and cascaded down to the team.
•    Ensure clients SLA’s are met and proper tracking and control mechanism are in place.
•    Taking ownership for all the deliverables being sent out by the team with proper review checks
•    As derivatives SME, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level
•    Maximize the teams’ operational efficiency by monitoring workflow distribution and managing the allocation of resources within the team
•    Implement consistent best practice and monitor the standards as agreed with the home country teams
•    Determines staffing needs, including hiring and performance improvement decisions and ensures resources are available to accomplish priorities

TEAM MANAGEMENT

•    Conducts the performance management process, identifies training and development needs, and establishes performance standards for the unit including business objectives
•    Allocates work between the teams
•    Steer the implementation of the business plan
 
RISK MANAGEMENT

•    Understand operational risk and how to mitigate it
•    Employees are required to comply with the regulatory regime in which Northern Trust operates as appropriate to the above role
•    Employees are expected to exercise due care and diligence, ensuring the areas the incumbent is responsible for are organized and controlled
•    Employees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties

Skills:
The candidate should possess the following skills:

•    Extensive knowledge/experience in financial markets and products is required
•    Role requires managing a team working 24*5, candidate should be flexible working in any shift as per the process/team requirements. Candidate would be expected to work in NA shift as a part of the profile to provide managerial coverage to the team
•    Interpersonal (relationship builder, respectful, resolves problems, people friendly and organizational savvy)
•    Communication (presentation skills, listening skills, oral communication skills, allows others to express themselves and written communication skills)
•    Self-management (adaptability and resilience, learning behavior, integrity and ethics and relationship builder)
•    Motivation (performance standards, achieving results and persistent)
•    Client Service and Quality (quality, relationship building and client satisfaction)
•    Administration (anticipates needs, execution, planning, process specialist, quality seeker and time management)

Experience
    Candidate to have 6 to 8 years’ experience in related industry (Derivatives Processing, Accounting, Finance, Valuations, Capital markets, Custody).  
    Minimum experience of 1 year in managing the teams is preferred. 
    Graduate in Accounting / Economics.  Additional qualification in accounting / finance preferred (e.g., CA/ CS/ CWA/CFA/ MBA)
    Managing multiple stakeholders in Bangalore, Chicago and Limerick/London would be the key expectation from candidate, hence prior exposure would be given a preference
    This role can be for EMEA/NA shift and candidate should be flexible to work in NA shift. 
    Candidate should be flexible to work in Pune as a work location. 
    Extensive knowledge and experience of derivatives products is required. Experience in Exchange traded Derivatives is desired 
    Strong problem solving skills, detail and results oriented.
    Proficiency in Microsoft Excel, Word and PowerPoint presentations.
    Excellent spoken and written English and the ability to handle business correspondence.
    Sound knowledge of the financial markets, instruments and back office functions.
    Demonstrate high ethical standards.
    Proactive and capable to handle multiple tasks under extremely time sensitive conditions.
    Good understanding of trade economics related to various financial product transactions is an addition.
    Candidate should be willing to work in a 24*5 environment 

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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), 1800-425-0333 (India), +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/India EEO Statement
    • APAC/INDIA 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