Sr. Analyst OTC Structure Products, HFS at Northern Trust in New York, New York

Job Description:

OTC Team responsibilities

•Responsible for the verification, settlement, life cycle event processing, and break resolution related to all client OTC Rates trades.

•Responsible for affirmation/confirmation of all OTC Rates trade types on electronic platforms and/or on paper where required.

•Responsible for the completion of requested amendments related to all client OTC Rates trade bookings.

Key Duties and Responsibilities:

•Affirmation/Confirmation for Rates OTC trades on electronic platforms or on paper where required

•Manage the settlement of swap cash flows associated with Rates products, including unwinds, resets, 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 offront 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 Bachelor's Degree

•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

Additional Qualifications (Prior Experience)

•Experience in Rates OTC structured and derivatives products.

•Knowledge of MarkitWire and MTM affirmation workflow

•Understanding of the various Rates OTC transaction types such as vanilla, cap/floors, swaptions, OIS, FRAs and IOS/POS.

Physical Demands and Work Environment: Must be able to interact with coworkers and clients in a fast-paced trading environment. Work environment and physical demands otherwise are those normally associated with office work, including frequent use of the computer and telephone. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential job functions unless those accommodations would impose an undue hardship or constitute a direct threat. Hours may infrequently vary based upon market conditions and may require staggered schedule at times to assist in covering European or Asia hours.

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 over 130 years of financial experience and nearly 20,000 partners, we serve the world's 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 we are honored to receive the following awards in 2021:

•Gender Equality Index Member, Bloomberg

•Top Financial & Banking Company, Black EOE Journal, Hispanic Network Magazine, Professional WOMAN'S Magazine

We'd love to learn more about how your interests and experience could be a fit with one of America's best banks and most sustainable companies! Build your career with us and apply today.

Additional Information