ACCA Careers
Senior Consultant, Product Control, Hedge Fund Services
ACCA Careers, Chicago, Illinois, United States, 60290
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Senior Consultant, Product Control, Hedge Fund Services
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ACCA Careers
About Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust Hedge Fund Services offers world-class, scalable technology and dedicated expertise to serve hedge funds and large institutional investors with complex portfolios and product types. The business provides comprehensive middle office and administration services, including trade processing, asset servicing, valuation and profit and loss reporting, cash and collateral management, reconciliations, accounting and NAV calculations and investor servicing and reporting.
Role In this role, the individual will be the main point of contact for clients to help them understand their trading profit & loss and how their valuations have been sourced. The Product Control function within HFS is responsible for valuation, daily and monthly P&L reporting, end of month pricing substantiation and end of day positional risk reporting. In addition, the Product Controller will work with internal partner areas to ensure all required processes have been performed to verify the valuation accuracy of the client’s portfolio.
Major Duties
Managing daily P&L process support for multiple HFS clients
Daily review of quality control checks, resolving exceptions, and triggering price challenges or re-valuation requests on behalf of clients
Daily engagement with clients to explain P&L differences and respond to inquiries
Work closely with offshore Product Control team (India) on QC process and migration of work
Delivering a final daily (and month-end) P&L statement to the client
Understanding and explaining the key drivers behind the P&L movements
Preparing/managing monthly (or more frequently as required) price verification process and associated reporting
Updating and maintaining pricing policy for each financial type that is included in the client’s portfolio
Prepare presentations and analysis as required on process improvement, valuation analysis, and technology enhancements
Knowledge / Skills
Understanding of the trade lifecycle, pricing, and valuation of multiple asset classes preferred (e.g. Fixed Income, Rates Derivatives, Credit Derivatives, Equities, FX)
Experience with pricing vendors such as Markit, BVAL, LoanX, IDC/ICE, etc.
Strong Excel skills required. VBA, Python or other programming language to format large data sets is preferred
Ability to prioritize, multi-task, and perform effectively under deadlines
Understanding of the daily P&L process including reporting of T+0 Estimate and T+1 Actual P&L, performing daily quality control checks, and resolving valuation discrepancies
Understanding of alternative investment custodians, administrators, and service providers.
Qualifications
Minimum 3-5 years of industry experience in one or more of the following fields:
Valuations
Alternative asset operations
P&L/Performance
Experience in a middle office, product control, valuation or audit environment
Undergraduate degree in Finance/Accounting is preferable
A genuine desire and capability to work in a fast-paced, professional, inclusive environment which requires teamwork, well-honed problem-solving skills, frequent re-prioritization, deadline management, ongoing and comprehensive communication, constant attention to detail, and a commitment to continuous improvement and best practices.
Salary USD 83,100 - 141,300
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Working With Us As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve. Join a workplace with a greater purpose.
We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies. Build your career with us and apply today.
Reasonable accommodation Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater.
For further information, and to apply, please visit our website via the “Apply” button below.
#J-18808-Ljbffr
Senior Consultant, Product Control, Hedge Fund Services
role at
ACCA Careers
About Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust Hedge Fund Services offers world-class, scalable technology and dedicated expertise to serve hedge funds and large institutional investors with complex portfolios and product types. The business provides comprehensive middle office and administration services, including trade processing, asset servicing, valuation and profit and loss reporting, cash and collateral management, reconciliations, accounting and NAV calculations and investor servicing and reporting.
Role In this role, the individual will be the main point of contact for clients to help them understand their trading profit & loss and how their valuations have been sourced. The Product Control function within HFS is responsible for valuation, daily and monthly P&L reporting, end of month pricing substantiation and end of day positional risk reporting. In addition, the Product Controller will work with internal partner areas to ensure all required processes have been performed to verify the valuation accuracy of the client’s portfolio.
Major Duties
Managing daily P&L process support for multiple HFS clients
Daily review of quality control checks, resolving exceptions, and triggering price challenges or re-valuation requests on behalf of clients
Daily engagement with clients to explain P&L differences and respond to inquiries
Work closely with offshore Product Control team (India) on QC process and migration of work
Delivering a final daily (and month-end) P&L statement to the client
Understanding and explaining the key drivers behind the P&L movements
Preparing/managing monthly (or more frequently as required) price verification process and associated reporting
Updating and maintaining pricing policy for each financial type that is included in the client’s portfolio
Prepare presentations and analysis as required on process improvement, valuation analysis, and technology enhancements
Knowledge / Skills
Understanding of the trade lifecycle, pricing, and valuation of multiple asset classes preferred (e.g. Fixed Income, Rates Derivatives, Credit Derivatives, Equities, FX)
Experience with pricing vendors such as Markit, BVAL, LoanX, IDC/ICE, etc.
Strong Excel skills required. VBA, Python or other programming language to format large data sets is preferred
Ability to prioritize, multi-task, and perform effectively under deadlines
Understanding of the daily P&L process including reporting of T+0 Estimate and T+1 Actual P&L, performing daily quality control checks, and resolving valuation discrepancies
Understanding of alternative investment custodians, administrators, and service providers.
Qualifications
Minimum 3-5 years of industry experience in one or more of the following fields:
Valuations
Alternative asset operations
P&L/Performance
Experience in a middle office, product control, valuation or audit environment
Undergraduate degree in Finance/Accounting is preferable
A genuine desire and capability to work in a fast-paced, professional, inclusive environment which requires teamwork, well-honed problem-solving skills, frequent re-prioritization, deadline management, ongoing and comprehensive communication, constant attention to detail, and a commitment to continuous improvement and best practices.
Salary USD 83,100 - 141,300
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Working With Us As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve. Join a workplace with a greater purpose.
We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies. Build your career with us and apply today.
Reasonable accommodation Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater.
For further information, and to apply, please visit our website via the “Apply” button below.
#J-18808-Ljbffr