Consultant - Hedge Fund Services (Foreign Exchange/Cash )

Role The job involves working for a Global fund administrator, specializing in administering assets of complex hedge funds. The position requires good experience and background in operations including familiarity with foreign exchange markets, back office settlements and cash functions. The successful candidate is a proven leader and who takes ownership of responsibilities and achieving objectives.  Team focus and the ability to function independently in a fast-paced, dynamic and demanding environment is essential. This person is proactive in resolving conflict and demonstrates exemplary follow-through. He/she adds value by working on a number of simultaneous tasks/projects with minimal supervision while paying special attention to detail. The ideal candidate is an effective communicator and works well with partner areas.  Familiarity with SWIFT and FX markets, products and settlements is extremely beneficial. Responsibilities Manage the daily processing of cash flow requests by clients. This includes: Ensuring proper AML checks have been performed on the instruction, executing payments per established controls and with authorized instruction from clients, confirming payment settlements and details, and posting all cash related transactions made on behalf of clients. Work with clients to resolve cash breaks and issues related to payments. Manage the daily processing and settlement of FX transactions (spot, forwards, options) for clients. Oversee the FX Exposure offering and provide support to clients. Perform trade matching and affirmation for FX trades on trade date between the client and its counterparties Communicate trade discrepancies to internal partners and assist in resolving mismatches between the client and its counterparties. Assist in the development of a scalable, controlled and transparent cash processing work flow for all Cash & FX activity. Effectively communicate with IT to test and implement development and enhancements of our Cash & FX offering. Coordinate connectivity with client's banks, custodians and prime brokers through SWIFT. Administer the implementation process for new clients and effectively communicate status to internal partners. Escalate issues and signoff on daily process requirements. Work on building out procedures and ensure good understanding across the team on each client's specific needs Work with the Implementation Project Manager to ensure smooth on boarding of new clients. Build and maintain internal and external relationships Participate in presentation to both prospective and existing clients. Assist clients both internally and externally with any FX and Cash queries Skills / Experience Proven work experience, preferably in Cash, FX Middle Office or Operations Experience in project management and client interaction. Experience working in a treasury function a plus. Proven team player, taking ownership for own role while contributing to wider team efforts Understanding of basic accounting principles and procedures Familiarity with Hedge Fund structures, products and financial instruments including SWIFT Excellent written and oral communication skills. Microsoft Excel experience an advantage Knowledge of basic accounting principles and procedures, familiar with financial markets and instruments Client service experience Ability to work under pressure and to deadlines in a demanding and fast growing department Highly flexible and adaptable to change 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 16,500 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. Northern Trust proudly cultivates a diverse workforce, to serve our diverse client base. We strongly believe that diversity of experience contributes to a broader collective perspective that will consistently lead to a better company. We encourage applications from the best regardless of ethnicity, gender, gender identity, age, nationality, disability, sexual orientation, education, socio-economic background, parental and caring status, or religion. As of September 30, 2017, Northern Trust Corporation had: $131 billion in banking assets $7.8 trillion in assets under custody $9.7 trillion in assets under custody/administration $1.1 trillion in assets under management