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

About the role

The Product Control – Valuations, Hedge Fund Services role at Northern Trust involves managing daily P&L process support for multiple HFS clients, reviewing quality control checks, engaging with clients to explain P&L differences, and collaborating with offshore teams.

Responsibilities

• Manage daily P&L process support for multiple HFS clients
• Review quality control checks, resolve exceptions, and trigger price challenges or re-valuation requests on behalf of clients
• Engage 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
• Deliver a final daily (and month-end) P&L statement to the client
• Understand and explain the key drivers behind the P&L movements
• Prepare/manage monthly (or more frequently as required) price verification process and associated reporting
• Update and maintain 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

• 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

Qualifications

• 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
• 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

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. Northern Trust also provides a discretionary bonus program that may include an equity component.