Northern Trust Hiring for Hedge Fund Services Collateral Management & Product Control at   Pune, Bangalore Full Time

Business : Global Hedge Fund Administrator (Pune / Bangalore)

Role Description:

The job requires working for a Global Hedge Fund Administrator, specializing in administering assets of complex hedge funds. This individual will have a strong technical Accounting background; experience working within the Financial Services industry. The position within Middle Office and Operations teams involves understanding of various investment instruments like Derivatives, Swaps, CFDs, Repos, Equities, Fixed Income Products and Alternative assets; Options, Futures, performing daily reconciliation of transactions, security positions, cash for all trading activity generated by clients, analyse P&L, MTM and collateral checks.

Accountabilities:

• Employees are required to comply with the regulatory regime in which Northern Trust operates as appropriate to the above role
• Employees are expected to exercise due care and diligence, ensuring the areas the incumbent is responsible for are organised and controlled
• Employees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties
• Reports to TL/ Section Manager

Middle Office Teams

Collateral Management

• Three-way Reconciliation between Client, Counter party and House records for Cash and Collaterals including Margin Calls on application Trioptima
• Issue and Respond to all the margin calls for OTC and Repo trades and creating Cash entries in Cash manager based on the margin calls
• Sending emails to Client for approval on the cash entries created and follow up with client and Counterparty in regarding the issue related to the margin calls.
• Review new client’s ISDA and CSA agreements to ensure accuracy of daily call processing and month-end collateral interest process and develop action plan for resolution of outstanding breaks, escalating issues that fall outside normal resolution timeframe

Product Control

• Prepare / review daily and Monthend PnL reports and analyse to determine the largest gainers or losers for the clients.
• Review and resolve daily pricing exceptions raised and assist in price verification of various types of financial productspartners; Sanction Screening and escalate issues and resolutions in daily process requirements.

QUALIFICATIONS / SKILLS / EXPERIENCE :

• Experience in Financial Services environment, preferably, with experience in Derivatives and Middle Office functions
• Experience with Hedge Funds, Investment Management and/or Financial Services strongly preferred.
• Bachelor’s degree with emphasis in Accounting, Finance or a quantitative discipline. Masters’ degree would be an advantage.
• Business exposure to Equity or Credit or at least some complex derivative products like CDS, IRS, TRS & other OTC products.
• Knowledge of financial products like, Equity, Derivatives, Repo, Futures and Options ,Fixed Income and Alternative assets etc

Years of exp: 2-9 years

Shit Time : 6.30 PM to 10.30PM Login window See Less