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Tech Coord, Hedge Fund Acctng

Employer
Northern Trust
Location
Bangalore, India
Salary
Competitive
Closing date
Oct 1, 2023

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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
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.

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!

Role/ Department:

The job requires working for a Global Hedge Fund Administrator, specializing in administering assets of complex hedge funds. The position involves understanding of various complex instruments like Bank Debt, Fixed Income Products, Alternative Assets and Privates. It also requires good experience and knowledge in using various third-party sources of information like Bloomberg, Reuters etc. as well as back office and middle office settlement processes.

The key responsibilities of the role include:

MAJOR DUTIES
• Understanding of day-to-day operational activities of fund of fund investments & private equity & private Fixed Income
• Break Resolution of fixed income instruments like MBS, ABS, Bank Loans/ syndicated loans, privately held securities.
• Good understanding of lifecycle events of bank loans like rate sets, PIK, pay downs etc., including settlement of Bank loans.
• Sound knowledge of various financial instruments like Mortgage bonds, securitization, private equities & mutual funds.
• Analyze and identify discrepancies between client's position and clearing agents with good troubleshooting skills.
• Liaison effectively with team members, internal groups and external counterparties including NT Custody Services and Execution with NT as well as external parties.
• Should be able to handle critical queries/issues and escalate on a timely manner.
• Ensuring deliverables are adhered to as per agreed SLAs.
• Issue escalation and resolution on a timely manner.
• Respond quickly and accurately to queries in a high volume, time sensitive trading environment.
• Developing action plans for resolution of outstanding issues.
• Should be capable of adding and reviewing various control checks & performing reviews.
• Should have the ability to maintain various MIS reports.

ACCOUNTABILITIES
• 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
• Reports to TL/ Section Manager.

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Skills/ Qualifications:
  • Be able to mentor through confidence and approachability.
  • Approachable and able to promote teamwork through creative solutions.
  • Good analytical, numerical and reasoning skills
  • Time management and delegation skills
  • Deep understanding of process and process improvement
  • Excellent/advanced knowledge of Excel with VBA experience being a plus; should be familiar with MS Word & Office tools.
  • Excellent spoken and written English, and the ability to write business correspondence.
  • Self-starter with the ability to function independently in a fast-paced, dynamic and demanding environment.
  • Adaptive, flexible style with the ability to work in a dynamic, fast-paced environment.
  • Strong problem-solving skills, detail and results oriented.
  • Ability to handle multiple tasks under extremely time sensitive conditions.
  • Should be flexible for shifts and extended working hours.
  • Self-starter with the ability to function independently in a fast-paced, dynamic and demanding environment.
QUALIFICATIONS:
• Bachelor's degree in finance, Accounting, or related field
• 2+ years of work experience in a Financial Institution in related activities.
• Proficiency in Microsoft Excel and Word.
• Business exposure to various Financial Instrument and trade life cycle.

Additional Information

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