Senior Analyst, Middle Office Trade Processing, Hedge Fund Services in Illinois

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Northern Trust Hedge Fund Services (NTHFS) is a rapidly expanding Global fund administrator, specializing in administering assets of complex hedge funds. This position requires general middle office operational knowledge, client-service skills, and a strong risk and control mentality.


 Role & Responsibilities:

• Act as liaison on street-side reconciliation items between clients/investment managers, NTHFS’s internal teams, NT Custody and other 3rd party contacts, always ensuring accurate and timely communication

• Manage client expectations related to break resolution at all times and guide appropriate deliverables based on executed professional services agreement and internal SLD

• Identify complex business and operational problems related to transaction processing and provide solutions to drive continuous improvement in quality of service deliverables and internal efficiency

• Assist with various aspects of internal & external audits

• Partner with internal teams to continuously optimize support structure for client servicing

• Work with Implementation on transition of new clients to Controller Group and internal operational teams for break resolution

• Investigate unknown break items directly with the client or through HFS systems to ensure issues are properly allocated to internal teams

• Ensure open items are resolved, or identified and communicated, to HFS Relationship Management prior to closing the books at month end

• Provide daily control monitoring of reconciliation processes for completeness and accuracy

• Provide oversight of operational teams, including running various analytics and facilitating meetings, to ensure risk is appropriately assessed and conveyed to Senior Management

Minimum Qualifications & Desired Characteristics:

 • Experience within fund administration, prime brokerage or investment management firm

• Superb organizational skills, with the ability to multi-task and at the same time meet client needs

• Excellent English, grammar, written and oral communication skills

• Adaptive, flexible style with the ability to work in a dynamic, fast-paced environment

• Strong decision-making abilities, impeccable integrity and the ability to present technical information in a clear & effective manner

• Familiarity of investment transaction postings to client accounts. Examples include option and future exercises, assignments and expirations, buys and sells, expenses, resets and unwinds, and corporate actions

• Strong technology skills

• Bachelor's degree in Finance, Accounting or related discipline


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.


As of June 30, 2017, Northern Trust Corporation had:

•$126 billion in banking assets

•$7.4 trillion in assets under custody

•$9.3 trillion in assets under custody/administration

•$1.0 trillion in assets under management

Chicago, Illinois, United States | 231 S LaSalle Bldg - Chgo, IL

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Northern Trust

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