About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Founded in Chicago in 1889, Northern Trust is one of the world’s leading financial institutions. We specialise in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.

Role

The job requires working for a Global Hedge Fund Administrator, specializing in administering assets of complex hedge funds. Senior Consultant in Collateral is responsible for end-to-end margin lifecycle management, reconciliation, client interaction, UMR compliance, and governance oversight, while driving process improvements and ensuring risk-controlled delivery.

The position involves performing daily reconciliation of transactions, security positions and cash for all trading activity generated by clients.

Major Duties

• Three way Reconciliation between Client, Counter party and House records for Cash and Collaterals including Margin Calls on application TriOptima.

• Strong ownership on break closure timelines

• Issue and Respond to all the margin calls for OTC and Repo trades.

• Identify exceptions in Margin disputes and drive resolution with relevant stakeholders

• Sending emails to Client for approval on the cash entries created

• 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

• Month-end collateral interest process

• Communicate effectively with team members,  internal groups and external counterparties

• Escalate issues that fall outside normal resolution timeframe

• Respond quickly and accurately to requests in a high volume, time sensitive trading environment

• Ensure accuracy, completeness, and audit readiness Follow SOP and control framework

• Understand and apply UMR regulatory requirements for OTC derivatives , Initial Margin (IM) vs Variation Margin (VM) and Segregation requirements

• Support Execution of Regulatory Margin calls

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 Operations Manger

Skills

• Approachable and able to promote teamwork through creative solutions

• Good analytical, numerical and reasoning skills

• Time management and delegation skills

• Deep understanding of process and process improvement

• Excellent/advanced knowledge of Excel with VBA experience being a plus; should be familiar with MS Word & Office tools.

• Excellent English, grammar, written and oral communication skills

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

• Understanding of Market Platforms like Cloud Margin , Colline , Trioptima , Acadia

Qualifications:

• A minimum of 8-12 years of experience in Financial Services environment, preferably, performing processes involving Collateral & Margin calls.

• 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.

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 committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Pune Office

The Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe.

Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.