Operations Manager, Investment Operations Outsourcing - Pune

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

https://www.northerntrust.com/content/dam/northerntrust/pws/nt/images/careers/taleo-india.png

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 sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .

We hope you're excited about the role and the opportunity to work with us.

We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

INVESTMENT OPERATIONS OUTSOURCING : OPERATIONS MANAGER - MARKET OPERATIONS, Pune

Northern Trust is Looking for a Ops Manager - Market Operations in India to manage the continued growth and responsibilities being carried out to support the service and operational delivery needs for the Investment Operations Outsourcing (IOO) clients globally. The role requires an in-depth understanding of the capital market, different financial instruments and their processing requirements. Should have a good understanding of financial markets, the regulations that govern them. Should have proven leadership experience in motivating, leading and managing large teams. Knowledge of business strategy development is necessary to provide long term planning and to manage the profitability/performance of a major business segment

Qualifications - External

PRINCIPAL RESPONSIBILITIES
• Effective communication to key relationship stakeholders; • Lead, and take staffing decisions, including performance management and administration • Take a lead role in transition planning and execution • Participate in and understand IOO's long term global strategy to effectively support the growth • Oversee the financial and staff resources, including developing and managing expense budgets, and ensuring that resources are available to accomplish the objectives set for the area; • Assume full accountability for the performance/profitability of the area as compared to the plan; • To bring in best practice into the team in all areas and leverage external relationships • Act as a subject area expert, develop and maintain specific subject expertise within the team. • Understand in-depth the inherent risk within key procedures, and partner with Risk Management, Control and Audit team, in assessing and managing the efficacy of the control structure. • Display a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity

SKILLS / EXPERIENCE
• Relevant experience of about 12-15 years in the financial securities industry of which, operations experience of at least 6-8 years in supervising teams with managerial responsibilities. Trade Support - Confirmations and Settlements experience would be an added advantage
• High level of understanding of different financial products, financial markets and regulations that govern them.
• Relevant computer literacy ( and especially Excel and Powerpoint ).
• Excellent communication skills.
• Effective coaching/ training skills.
• Client service orientation, quality focus, organisation and planning skills • Resiliency and effective change management skills

Key skills and experience:
• Opening the new accounts on behalf of the Investment Managers and ensure all the static set ups are in place before the account goes live with shared services teams (within NT), Custodians/ Agents, IOO Book of records, other internal applications, Interested third parties (if any)
• Work closely with the custodians/ agents to ensure all the required documentation from regulatory or exchange's stand point is in place at the custody level to open the required depot, nostro accounts, set up the Tax IDs, Depository participants, and market identifiers beforehand.
• Work closely with the custodians to have the Standing Instructions (SIs) & Standard settlement instructions (SSIs) in place and perform the periodic audits for the same.
• Assist Investment Managers to perform the inter-portfolio/ inter-depot (custody) movements in order to facilitate the client's investment strategies.
• Involvement in performing quality checks and internal audits as per requirement
• Candidate should have a strong understanding of various processes on trade life cycle, knowledge of the industry and an understanding of how new institutional and NAV driven accounts are setup and onboarded

SHIFT:

Role will be supporting North America team and thus the shift login time will be 6:30pm/7:30 pm IST

Qualification

• Relevant experience of about 12-15 years in the financial securities industry of which, operations experience of at least 6-8 years in supervising teams with managerial responsibilities. Trade Support - Confirmations and Settlements experience would be an added advantage
• High level of understanding of different financial products, financial markets and regulations that govern them.
• Relevant computer literacy ( and especially Excel and Powerpoint ).
• Excellent communication skills.
• Effective coaching/ training skills.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

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 sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

We hope you're excited about the role and the opportunity to work with us.
We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.

Additional Information