Consultant, Commodity,Operations Consultant, Commodity,Operations …

Northern Trust
in Chicago, IL, United States
Permanent, Full time
Be the first to apply
Northern Trust
in Chicago, IL, United States
Permanent, Full time
Be the first to apply
Consultant, Commodity,Operations
Job Title: Consultant, Middle Office Asset Servicing, Hedge Fund Services Department: FX and Commodity operations Team responsibilities
  • Responsible for the affirmation / confirmation, settlement, life cycle event processing, and break resolution related to all client FX and Commodity trades
  • Responsible for the settlement of all client FX and Commodity transactions (CLS for FX)Responsible for the completion of requested amendments related to all client
  • FX and Commodity trade bookings
Key Duties and Responsibilities:
  • Affirmation/Confirmation for FX and Commodity trades on electronic platforms
  • Manage the settlement of cash flows associated with all FX and Commodity products, including unwinds, novations, fees, and premiums
  • Key point of contact and escalation point for trading desk, reconciliation and control group, and counterparties to resolve any economic discrepancies on trades in timely manner
  • Ensure accuracy of transaction agreements and modifications
  • Ensure proper controls and audit requirements are upheld through all processes
  • Work with IT in the development and enhancement of front to back trading systems
  • Understand and process trade activity in accordance with established operations policies, procedures and client deliverables; understand and minimize risk associated with trade mismatches
  • Ensure procedures are kept up to date
  • Adaptability and ability to effectively work with many coworkers and clients in a fast-paced trading environment
  • Should be intellectually curious, intuitive, and trustworthy and have the highest ethical standards
  • Assist in the training of personal locally and globally
  • Seek to improve processes and enhance the overall client experience
Minimum Qualifications (Education, Experience, Skills):
  • Minimum Bachelors Degree
  • 2+ years finance experience, with focus on vanilla and structured FX and Commodity products
  • Strong knowledge of the SWIFT affirmation workflow and SWIFT message types
  • Firm grasp of the Commodity electronic confirmation system ICE eConfirm
  • Strong understanding of CLS and the settlement process
  • Understanding of the ISDA FX Novation Protocol
  • Proven change management experience
  • Thorough understanding of operational risk management
  • Excellent people skills; ability to dynamically act as knowledgeable point of reference to co-workers domestically and internationally
  • Proficiency in Microsoft Excel, VBA and Word
  • Excellent math and analytical skills
  • Excellent English, grammar, written and oral communication skills
  • Ability to handle multiple tasks under extremely time sensitive conditions
  • Understanding of the various FX transaction types such as spot, forwards, non-deliverable forwards and options, vanilla options, binaries, barriers, touches and digitals
  • Firm knowledge of the various Commodity products such as Agricultural, power, Natural Gas and oil swaps as well as Weather options
  • Understanding of front to back workflow
Summary: The successful candidate will be a mature self-starter who has demonstrated the ability to function independently in a fast-paced, dynamic and demanding environment. This person needs to be able to resolve conflict within a short period of time. This person will be intellectually curious, intuitive, trustworthy and have the highest ethical standards. In addition, he/she will be effective addressing a number of internal and external audiences in a professional manner. This person will add value by working on a number of simultaneous tasks with minimal supervision and exemplary follow-through. About Northern Trust: Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the worlds most sophisticated clients using leading technology and exceptional service. Working with Us: As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve! We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018. Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and ethical companies. Build your career with us and apply today.