Jobs via eFinancialCareers
Senior Consultant, Product Control, Hedge Fund Services
Jobs via eFinancialCareers, Chicago, Illinois, United States, 60290
Overview
Senior Consultant, Product Control, Hedge Fund Services – Northern Trust (via Jobs via eFinancialCareers). Role summary and description aligned with Product Control for Hedge Fund Services, focusing on valuation, P&L reporting, pricing substantiation, and collaboration with internal partners to verify valuation accuracy. Responsibilities
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 and managing monthly price verification process and associated reporting Updating and maintaining pricing policy for each financial type included in the client’s portfolio Prepare presentations and analysis on process improvement, valuation analysis, and technology enhancements Knowledge / Skills
Understanding of the trade lifecycle, pricing, and valuation across asset classes (e.g., Fixed Income, Rates Derivatives, Credit Derivatives, Equities, FX) preferred Experience with pricing vendors such as Markit, BVAL, LoanX, IDC/ICE, etc. Strong Excel skills; VBA or Python or other programming language to format large data sets is preferred Ability to prioritize, multi-task, and work effectively under deadlines Understanding of daily P&L process including T+0 Estimate and T+1 Actual P&L, daily QC checks, and resolving valuation discrepancies Understanding of alternative investment custodians, administrators, and service providers Qualifications
Minimum 3-5 years of industry experience in valuations, alternative asset operations, or P&L/performance Experience in a middle office, product control, valuation or audit environment Undergraduate degree in Finance/Accounting is preferable Desire and ability to work in a fast-paced, professional, inclusive environment with teamwork, problem-solving, prioritization, communication, attention to detail, and continuous improvement Salary Range: $83,100 - 141,300 USD Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package, including retirement benefits, health and welfare benefits, paid time off, parental and caregiver leave, life and accident insurance, other voluntary benefits, and a discretionary bonus program that may include an equity component. Working with Us
As a Northern Trust partner, you will join a flexible and collaborative work culture in a financially strong and stable organization. Movement within the organization is encouraged, senior leaders are accessible, and you will contribute to communities we serve. We welcome your interest and experience as part of one of the world’s admired and sustainable companies. We encourage applicants to discuss flexible working requirements. Reasonable accommodation
Northern Trust is committed to providing reasonable accommodations to individuals with disabilities. If you need an accommodation for any part of the employment process, please email MyHRHelp@ntrs.com. We value an inclusive workplace. Job details
Seniority level: Mid-Senior level Employment type: Full-time Job function: Consulting, Information Technology, and Sales
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Senior Consultant, Product Control, Hedge Fund Services – Northern Trust (via Jobs via eFinancialCareers). Role summary and description aligned with Product Control for Hedge Fund Services, focusing on valuation, P&L reporting, pricing substantiation, and collaboration with internal partners to verify valuation accuracy. Responsibilities
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 and managing monthly price verification process and associated reporting Updating and maintaining pricing policy for each financial type included in the client’s portfolio Prepare presentations and analysis on process improvement, valuation analysis, and technology enhancements Knowledge / Skills
Understanding of the trade lifecycle, pricing, and valuation across asset classes (e.g., Fixed Income, Rates Derivatives, Credit Derivatives, Equities, FX) preferred Experience with pricing vendors such as Markit, BVAL, LoanX, IDC/ICE, etc. Strong Excel skills; VBA or Python or other programming language to format large data sets is preferred Ability to prioritize, multi-task, and work effectively under deadlines Understanding of daily P&L process including T+0 Estimate and T+1 Actual P&L, daily QC checks, and resolving valuation discrepancies Understanding of alternative investment custodians, administrators, and service providers Qualifications
Minimum 3-5 years of industry experience in valuations, alternative asset operations, or P&L/performance Experience in a middle office, product control, valuation or audit environment Undergraduate degree in Finance/Accounting is preferable Desire and ability to work in a fast-paced, professional, inclusive environment with teamwork, problem-solving, prioritization, communication, attention to detail, and continuous improvement Salary Range: $83,100 - 141,300 USD Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package, including retirement benefits, health and welfare benefits, paid time off, parental and caregiver leave, life and accident insurance, other voluntary benefits, and a discretionary bonus program that may include an equity component. Working with Us
As a Northern Trust partner, you will join a flexible and collaborative work culture in a financially strong and stable organization. Movement within the organization is encouraged, senior leaders are accessible, and you will contribute to communities we serve. We welcome your interest and experience as part of one of the world’s admired and sustainable companies. We encourage applicants to discuss flexible working requirements. Reasonable accommodation
Northern Trust is committed to providing reasonable accommodations to individuals with disabilities. If you need an accommodation for any part of the employment process, please email MyHRHelp@ntrs.com. We value an inclusive workplace. Job details
Seniority level: Mid-Senior level Employment type: Full-time Job function: Consulting, Information Technology, and Sales
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