Ioo-mo-tc-trade Reconciliation-pune - Pune, India - Northern Trust Corp.

Northern Trust Corp.

Verified Company

Pune, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families and institutions by 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.

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 to assist the communities we serve Join a workplace with a greater purpose.

Summary:

This requirement is for Investment Operations Outsourcing Reconciliations team.

Evaluates and reconciles funds including mutual, commingled, and collective for production of client month end reports or for daily valuation.

Verifies transactions, reports within scheduled timeframes according to audit standards and resolves exceptions on a daily basis for fund accounts.

We also support static data maintenance, risk reporting & rules development functions.

All these functions comprise of partners who support Northern Trust business in conjunction with our global network of operational partners.

This position will perform reconciliation activities to ensure a qualitative and quantitative output while achieving all the relevant SLAs.

Major Duties:

Adherence to procedures and SLA's.
Identifies and manages resolution of service delivery root causes.
Initiates frequent, proactive communication with the Client Admin/ Middle offices to verify perceived levels of satisfaction and demonstrate proactive service.
Play a role of SME and able to train the new hires.
Proactively communicate the procedure updates to the team.
Responsible for following established guidelines and identifying and resolving problems.
Full ownership for one or more processes, reports and/or procedures.
Analytically and procedurally competent, representing the team on crossfunction process or project deliverables.
Emerging as an expert in a specific skill set but remains focused primarily on daily execution.
Ability to handle, escalate and resolve queries in a timely manner.
Perform Root Cause Analysis of Errors and suggest controls.

Knowledge / Skills:

Excellent oral and written communication & presentation skills
Working knowledge of financial / capital markets (e.g., good understanding of financial instruments, operation of capital markets, lifecycle of trade, Net Asset Value etc.)
Good understanding and ability to articulate current role / functional process.
Middle Officing Investment Operations business knowledge will be an added advantage.
Demonstrate through examples /evidence excellent written and verbal language skills, collaboration, analytical acumen, "raising your hand", sense of urgency, escalation channels/process and attention to detail.
Working knowledge of Excel and good knowledge of backoffice reconciliation processes and tools
Sustainable performance demonstrated through examples/evidence, the above listed core skills and competencies in the current role over a period of 24 months.

Experience:

More than 4 years in the current role and relevant experience in the financial services industry
Degree in Finance/Commerce [preferably].
An operations environment background, from one that is deadline driven with a strong focus on controls, targets, change and challenging the norm.
Knowledge of Reconciliations production and Research [preferably].