Northern Trust
Sr Analyst, Cash & Collateral Service, Hedge Fund Services
Northern Trust, Chicago, Illinois, United States, 60290
Sr Analyst, Cash & Collateral Service, Hedge Fund Services
Join to apply for the
Sr Analyst, Cash & Collateral Service, Hedge Fund Services
role at
Northern Trust
Northern Trust, a Fortune 500 company, is a globally recognized award‑winning financial institution that has operated continuously since 1889. We proudly provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions while remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Major Duties
Manages the daily processing of cash flow requests by clients. This includes ensuring all required approvals have occurred, executing payments per authorized instruction, confirming payments have been made, posting all cash‑related transactions as instructed by the client, and assisting in the resolution of any issues related to payments made on behalf of clients.
Oversees and processes investor subscriptions and redemptions and the subsequent movement of cash to the client’s desired location.
Assists in the development of a scalable, controlled and transparent cash processing workflow for all third‑party cash activity including investor redemptions/subscriptions, margin/collateral movements and swap cash flows. Works directly with IT to test and implement this framework.
Supports development of an expanded cash‑management offering to expose additional solutions to clients through technology, providing feedback into the cash‑management system based on marketplace needs, client feedback and workflow improvement. Works directly with IT to develop, test and implement this framework.
Liaises directly with clients to onboard new clients and establish banking connectivity and solutions that will meet their cash‑management needs. Administers account implementation processes and effectively communicates status to internal partner areas.
Coordinates connectivity with clients’ banks through SWIFT.
Identifies potential cash and collateral‑management service offerings that complement the Hedge‑Fund Services offering.
Works with clients to resolve cash breaks and issues related to wire payments.
Accurately defines business requirements for IT projects and enhancements for the cash and collateral‑management team.
Carries out activities with financial, client, and/or internal business impact.
Delivers a work product that requires less revision.
Knowledge Excellent oral and written communication skills are required.
In‑depth functional and industry knowledge is required.
Highly flexible and adaptable to change.
Experience Technical skills and systems knowledge are required.
A college or university degree and/or relevant proven work experience is preferred. Related industry qualification (e.g., ACCA) is preferred.
Salary Range $52,800 – $79,200 USD.
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 are assets that embolden 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. 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.
#J-18808-Ljbffr
Sr Analyst, Cash & Collateral Service, Hedge Fund Services
role at
Northern Trust
Northern Trust, a Fortune 500 company, is a globally recognized award‑winning financial institution that has operated continuously since 1889. We proudly provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions while remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Major Duties
Manages the daily processing of cash flow requests by clients. This includes ensuring all required approvals have occurred, executing payments per authorized instruction, confirming payments have been made, posting all cash‑related transactions as instructed by the client, and assisting in the resolution of any issues related to payments made on behalf of clients.
Oversees and processes investor subscriptions and redemptions and the subsequent movement of cash to the client’s desired location.
Assists in the development of a scalable, controlled and transparent cash processing workflow for all third‑party cash activity including investor redemptions/subscriptions, margin/collateral movements and swap cash flows. Works directly with IT to test and implement this framework.
Supports development of an expanded cash‑management offering to expose additional solutions to clients through technology, providing feedback into the cash‑management system based on marketplace needs, client feedback and workflow improvement. Works directly with IT to develop, test and implement this framework.
Liaises directly with clients to onboard new clients and establish banking connectivity and solutions that will meet their cash‑management needs. Administers account implementation processes and effectively communicates status to internal partner areas.
Coordinates connectivity with clients’ banks through SWIFT.
Identifies potential cash and collateral‑management service offerings that complement the Hedge‑Fund Services offering.
Works with clients to resolve cash breaks and issues related to wire payments.
Accurately defines business requirements for IT projects and enhancements for the cash and collateral‑management team.
Carries out activities with financial, client, and/or internal business impact.
Delivers a work product that requires less revision.
Knowledge Excellent oral and written communication skills are required.
In‑depth functional and industry knowledge is required.
Highly flexible and adaptable to change.
Experience Technical skills and systems knowledge are required.
A college or university degree and/or relevant proven work experience is preferred. Related industry qualification (e.g., ACCA) is preferred.
Salary Range $52,800 – $79,200 USD.
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 are assets that embolden 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. 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.
#J-18808-Ljbffr