Team Leader - Clearing and Settlements (Hedge Fund Services)
- Recruiter
- Northern Trust
- Location
- Dublin
- Posted
- 23 Apr 2018
- Closes
- 23 May 2018
- Job role
- Accountant
Role The Clearing & Settlement Team Lead leads a team of partners within the Operations area consisting of Middle Office Trade Support and Asset Servicing. The teams consist of partners in Dublin and Limerick. The Manager will be based in Dublin and expected to travel between the two offices on a monthly basis. The successful candidate is a strong performer who takes ownership of responsibilities and achieving departmental objectives. He/she adds value by working on a number of simultaneous tasks/projects with minimal supervision while paying special attention to detail. The Team Lead will oversee the team and be responsible for secondary review of the partners' work, in addition to coordinating client coverage, holiday coverage, team meetings, etc. A familiarity with front office trading support, listed securities products, structured fixed income securities and trade settlements is strongly preferred. Familiarity with Listed product workflows (trade capture, trade confirmations, trade settlement and reconciliation) and knowledge of industry platforms such as Omgeo CTM, SWIFT messaging and Prime Broker/Custodian websites is essential. Principal Responsibilities Manage a team of partners based in Dublin and Limerick Manage the daily processing for financial products including vanilla Listed Securities, Exchange Traded Derivatives and Structured Fixed Income such as ABS and MBS and Repo, Reverse Repo and Money Markets. Oversee several asset servicing processes which support multiple clients including P&L posting, trade break resolution and reconciliations Continue to build out the HFS EMEA operations support model for Alternative Investments, Privates, and Bank Loans in line with related global development Work with Implementation team to on-board new clients Effectively communicate with IT to test and implement development and enhancements across the business areas and drive solutions to completion from BRD to system release. Create process flows and control tools to accommodate new business needs Work with business development to help prepare marketing material and participate in sales presentations Stay current on investment industry trends, including regulation that may be impactful to HFS services Knowledge of downstream valuation and fund accounting processes is a plus Communicate effectively with both internal partners, clients and counterparties, tailoring communication style to audience as required Perform all employee related administrative duties including hiring, compensation distribution, annual reviews and HR related requirements Skills / Experience Ability to present services and lead demonstrations in prospective client meetings Knowledge of custodian settlements processes of listed securities for equities, fixed income and repos Deep understanding of various fixed income instruments including agency/non-agency CMOs, ABS, Sovereign Bonds, and Inflation-Linked bonds Experience working with system development testing/verifying accuracy of reports. Experience with excel modelling including VBA, if then statements, lookups etc. A strong Technical background to help trouble shoot system issues. 6 plus years of relevant experience, preferably in Hedge Fund Middle Office or Fixed Income Asset Servicing Familiarity with Hedge Fund structures, products and financial instruments with understanding of basic accounting principles and procedures Excellent written and oral communication skills Experience directly managing employees Ability to handle multiple tasks and meet deadlines in an extremely time sensitive conditions Proven team player experience and ability to work across global teams Degree in Finance/Accounting preferable 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 March 31, 2018, Northern Trust Corporation had: $10.8 trillion in assets under custody/administration $8.1 trillion in assets under custody $1.2 trillion in assets under management $130 billion in banking assets
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