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.

Position Overview:

The successful candidate is a mature self-starter with an entrepreneurial spirit and team focus and is able to function independently work in a fast-paced, dynamic and demanding environment. This candidate adds value by working on a number of simultaneous tasks/projects with minimal supervision while paying strong attention to detail. A familiarity with Treasury functions and strong communication skills is extremely beneficial.

Cash & Collateral, Hedge Fund Service, within Northern Trust is hiring for:

• Entry-level, Individual Contributors


• Mid-level, Individual Contributors


• Senior-level, Individual Contributors


• if you meet the below requirements, please apply

1. Manages the daily processing of cash flow requests by clients. This includes ensuring all required approvals have occurred, executing payments per authorized instruction, confirming payments have been made, posting all cash related transactions as instructed by the client and assisting in the resolution of any issues related to payments made on behalf of clients.

2. Oversees and processes investor subscriptions and redemptions and the subsequent movement of cash to the client's desired location.

3. Serves as a liaison to Investor Services on all new subscriptions prior to effecting cash to the appropriate location.

4. Assists in the development of a scalable, controlled and transparent cash processing workflow for all 3rd party cash activity including investor redemptions/subscriptions, margin/collateral movements and swap cash flows. Work directly with IT to test and implement this framework.

5. Supports development of an expanded cash management offering to expose additional cash management solutions to our clients through technology. Provides feedback into cash management system based upon marketplace needs, client feedback and workflow improvement. Works directly with IT to develop, test and implement this framework.

6. Liaise directly with clients to onboard new clients and establish banking connectivity and solutions that will meet their cash management needs. Administer account implementation processes and effectively communicates status to internal partner areas.

7. Coordinates connectivity with client's banks through SWIFT.

8. Identifies potential cash and collateral management service offerings that would complement HFS offering.

9. Works with clients to resolve cash breaks and issues related to wire payments.

10. Accurately defines business requirements for IT projects and enhancements for the cash and collateral management team.

11. Carries out complex activities with significant financial, client, and/or internal business impact

12. Able to serve as a key subject matter expert and mentor to other more junior level employees

13. More technically sound in area of expertise and has broader knowledge of other areas

14. Delivers a work product that requires less revision

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-HY

#LI-CL1

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.