Job Description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

General Position Description:
Overall knowledge & Competencies Required:

• Comprehensive understanding of the Trade Lifecycle/MFS Income & Re-reg/Daily Valuation operations

• Knowledge on Financial Instruments such as Equity, Bonds, Mutual Funds, 401K funds etc…

• Good understanding of Custody and Sub Custodian banking network

• Knowledge of the Asset Servicing Practice would be considered as an advantage

• Must have an eye for detail and should be able to carry out Quality Checks and report the same

• Good verbal & written communication skills is a must

• Must possess and demonstrate qualities of a team player

• Should be able to multitask and handle pressure situations

• Should understand the concept of Driving Performance

• Good understanding and demonstrate A-Approach

QUALIFICATION

Major Duties:

• Contribute towards implementing controls & procedures to mitigate risks, derived by performing an error analysis, measured through resultant improvements

• Track & document process improvements including benefits, time saved & capacity utilization on a monthly basis

• Implement initiatives or redesign existing process structure for process betterment / operational efficiency

• Develop and maintain specific subject expertise, Good understanding of Swifts instructions, swift tags and provide inputs as required

• Maintain risk management and control activities for their assigned group

• Perform an internal risk audit or FMEA analysis on a quarterly basis for team

• Aggressively investigate exceptions upon notification to ensure timely resolution to avoid aged exceptions and loss due to errors

• Building effective working relationship with off-shore partners and other relevant partner areas

• Pro-active & able to perform multi-task, provides hands on training for new staff and cross training for experienced staff

• Ensures response/resolution is completed within the established deadlines/SLAs and appropriate priority levels are applied to key client deliverables

• Provide inputs towards continuous improvement of procedures to maintain highest possible efficiency and risk mitigation

• Assists client, partners and staff with complex problem resolution. Maintains technical knowledge of Custody workflow, Trade & Settlements,MFS,DV-OP`s and how the function relates to other operating areas

• Maintains data for collation and provision of MIS

• Participates /drives project(s) at Division or Practice level as assigned

This position supports the Trade and Settlements Division and reports to the Team Leader.

Minimum Requirements:

• A Graduate from any discipline (Commerce background is preferred)

• Minimum 24 months of experience in the Financial Services Industry (Please mention if previous work ex involved, relevant to Financial Services Industry )

• Must be flexible to work in shifts and/or on a rotational basis

Shift Timing N ight Shift (6:30 PM IST to 3:30 AM IST).

Location - Pune and Bangalore

Eligibility

• 12monthsasan Analyst II

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees. In this stunning office space, we offer fantastic amenities which include our Arrival Hub - Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.