Sr Consultant, Product Control, Hedge Fund Services
About the position 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. Major Duties: 1. Manages the daily P&L and valuation process covering various cash securities and derivative products. 2. Prepares daily P&L and risk reports, as well as P&L attribution and explanation to clients. 3. Prepares and manages monthly (or more frequently as required) price verification process and associated reporting. 4. Manages any necessary model review process and associated documentation. 5. Coordinates monthly close process with corporate/fund accounting. 6. Engages with clients and valuation vendors to complete review of new products. 7. Prepares presentations and analysis as required on trading strategies, process improvement, and valuation analysis. 8. Designs and implements process improvements to improve daily P&L and price verification process. 9. Operates independently; has in-depth knowledge of business unit / function. 10. As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level. 11. Carries out activities that are large in scope, cross-functional and technically difficult. 12. Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities. 13. Strategic in developing, implementing and administering programs within functional areas. Knowledge: Excellent oral and written communication skills are required In-depth Functional / Industry Knowledge is required Highly flexible and adaptable to change Technical skills / systems knowledge is required Experience: A College or University degree and/or relevant proven work experience is preferred. Related Industry qualification (e.g. ACCA) is preferred #LI-HYBRID #LI-CL1 Salary Range: $83,100 - 141,300 USD Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component. 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 [email protected]. 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. Looking for greater? You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies. Terms and Conditions Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America 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. 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 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 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 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 Know Your Rights (U.S.) Responsibilities • Manages the daily P&L and valuation process covering various cash securities and derivative products. • Prepares daily P&L and risk reports, as well as P&L attribution and explanation to clients. • Prepares and manages monthly (or more frequently as required) price verification process and associated reporting. • Manages any necessary model review process and associated documentation. • Coordinates monthly close process with corporate/fund accounting. • Engages with clients and valuation vendors to complete review of new products. • Prepares presentations and analysis as required on trading strategies, process improvement, and valuation analysis. • Designs and implements process improvements to improve daily P&L and price verification process. • Operates independently; has in-depth knowledge of business unit / function. • As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level. • Carries out activities that are large in scope, cross-functional and technically difficult. • Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities. • Strategic in developing, implementing and administering programs within functional areas. Requirements • Excellent oral and written communication skills are required • In-depth Functional / Industry Knowledge is required • Highly flexible and adaptable to change • Technical skills / systems knowledge is required • A College or University degree and/or relevant proven work experience is preferred. Nice-to-haves • Related Industry qualification (e.g. ACCA) is preferred Benefits • Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. • Northern Trust also provides a discretionary bonus program that may include an equity component.