OTC/FX Associate Specialist, Integrated Portfolio Services

🔥 18 minutes ago

🌽 Illinois – Remote

🌽 Illinois – Remote

💵 $95.6k - $162.4k / year

⏰ Full Time

🟡 Mid-level

🦅 H1B Visa Sponsor

This company has sponsored H1B visas in the past.

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Northern Trust

WebsiteLinkedInAll Job Openings

10,000+ employees

Founded 1889

💼 Consulting

🛡️ Insurance

📦 Logistics

Consulting • Insurance • Logistics

Northern Trust is a trusted financial advisor known for its commitment to service, expertise, and integrity. The company provides financial services to a diverse range of clients including family offices, financial advisors, corporations, and nonprofits. With a focus on integrated trading solutions and insights into economic challenges, Northern Trust offers a comprehensive range of services tailored to the needs of various financial entities. It also emphasizes research and client engagement to help shape economies and optimize fund operations. Founded in 1889, Northern Trust continues to build on its reputation as a leader in the finance industry.

📋 Description

• Drive, implement, and execute project initiatives • Translate strategy into actionable plans and drive execution across teams • Coordinate dependencies, manage trade-offs, monitor progress, surface risks or constraints, and reinforce priorities • Serve as an escalation point for team members and clients • Act as an OTC/FX product subject matter expert • Manage team projects and initiatives • Manage multiple clients, hedge funds, and business lines in a fast-paced environment • Affirm and confirm OTC and FX trades on electronic platforms or paper • Settle swap cash flows, including unwinds, fees, resets, and premiums • Ensure proper operational reflection of OTC and FX trades • Book corporate actions and dividends/coupons for accurate position and P&L attribution • Identify and resolve transaction discrepancies between clients and swap counterparties • Liaise with trading desks, control groups, and counterparties to resolve economic discrepancies • Process periodic resets for vanilla and exotic IRS, CDS, and Equity OTC products • Ensure timely receipt of OTC and FX confirmations • Ensure accuracy of transaction agreements and modifications • Prioritize and action trade breaks by end of day • Process trade activity according to established policies and procedures and minimize risk from trade mismatches • Work with IT on development and enhancement of the trade management system • Interact with coworkers and clients in a fast-paced trading environment • Train staff globally • Provide independent, high-level operational execution and strategic direction • Provide comprehensive consulting and technical leadership as a subject matter expert • Develop, implement, and administer programs within functional areas • Perform other related duties as required

🎯 Requirements

• Bachelor’s degree strongly preferred • Five plus years of experience in FX or OTC structured and derivatives products operations • Experience with settlement of OTC structured and derivatives products • Experience reviewing documentation for OTC structured and derivatives products • Proficiency with TradeServ, MarkitWire/MarkitTradeManager, and eConfirm platforms preferred • Proficiency in Microsoft Word, Excel, including ability to create macros, Copilot, and Power Automate • Excellent math and analytical skills • Excellent written and oral communication skills • Strong organization skills and meticulous attention to detail • Ability to handle multiple tasks under extremely time-sensitive conditions • Understanding of transaction types within each asset class beyond vanilla trades preferred • Understanding of ISDA guidelines and documents helpful • OTC regulatory knowledge across Dodd-Frank, EMIR, ASIC, and MAS • Ability to function independently in a fast-paced, dynamic, and demanding environment • Ability to resolve conflict within a short period of time • Ability to work on simultaneous tasks with minimal supervision and exemplary follow-through • Must be authorized to work in the U.S. without employment-based visa sponsorship now or in the future

🏖️ Benefits

• Retirement benefits (401k and pension) • Health and welfare benefits, including medical, dental, vision, spending accounts and disability • Paid time off • Parental and caregiver leave • Life and accident insurance • Other voluntary and well-being benefits • Discretionary bonus program, which may include an equity component • Flexible and collaborative work culture • Movement within the organization is encouraged • Reasonable accommodations for individuals with health conditions and disabilities • Philanthropic and community involvement opportunities

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