Senior Consultant, Product Control, Integrated Portfolio Services (IPS)

About the role

Founded in Chicago in 1889, Northern Trust is one of the world's leading financial institutions. We specialize in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.

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/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

Requirements

• 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
• Able 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

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

Benefits

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.

Pay

$83,100 - 141,300 USD

Schedule

Not specified