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.
Founded in Chicago in 1889, Northern Trust is one of the world’s leading financial institutions. We specialise 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.
Role
Clearing and Settlement - Operations
Ability to think strategic and scalable business solution.Responsible for reviewing current process and related support materials, ensuring that due procedure is followed, look at opportunities for improvement of the process and controls, understand the gaps in the process, resolve queries from client and other stakeholders, liase with onshore, should have expertise in financial Products like Equity, Fixed Income, Futures, Options, ADR, Warrant, CMO_Tranche etc.
Principal Responsibilities
Process Management
- Manage end-to-end trade lifecycle support for hedge funds across asset classes (Equities, Fixed Income, Listed Derivatives) from trade date through settlement date
- Perform daily clearing and settlement operations including trade affirmation/confirmation, allocation checks, matching status monitoring, and timely resolution of unmatched trades.
- Ensure proper handling of market-specific settlement rules (cut-offs, holidays, local regulations, T+1/T+2 differences) and maintain a market calendar / controls framework
- Analyse and identify discrepancies between client’s position and clearing agents with strong troubleshooting skills
- Cash and Position reconciliation to ensure all the activities processed are correct and break resolution as necessary.
- Taking ownership for all the deliverables being sent out by the team with proper review checks.
- Ensuring back-ups are in place for a smoother process flow in case of absences in the team.
- Liaison effectively with team members, internal groups and external counterparties to resolve discrepancies in a timely and efficient manner.
- Should be able to handle critical queries/issues and escalate on a timely manner.
- Should be capable of adding and reviewing various control checks.
- Understand and minimize risks associated with breaks and trade mismatches.
- Understanding the settlement of cash flows associated with various financial instruments.
- Respond quickly and accurately to queries in a high volume, time sensitive trading environment.
- Developing action plans for resolution of outstanding issues.
- Ability to work on ad-hoc activities.
People Management –
- Conduct regular one-on-one meetings, performance reviews, and timely feedback sessions to support team engagement, motivation, and professional growth.
- Foster a positive team environment by addressing employee concerns promptly and ensuring appropriate planning of team time-offs and well-being initiatives.
- Allocate work effectively, optimize resource utilization, and drive continuous process efficiencies while maintaining strong operational performance.
- Collaborate closely with onshore teams to support migrations, knowledge transfer, and seamless transition of activities.
ACCountabilities
- Employees are required to comply with the regulatory regime in which Northern Trust operates as appropriate to the above role
- Employees are expected to exercise due care and diligence, ensuring the areas the incumbent is responsible for are organized and controlled
- Employees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties
- Reports to Manager
Skills
- Must be open for change and drive the same. Should be fungible.
- Candidate must be self-starter with the ability to function independently in a fast-paced, dynamic and demanding environment.
- Good analytical, numerical and reasoning skills
- Able to present to clients
- Be able to mentor through confidence and approachability
- Having a mindset of finding solution of problem.
- Deep understanding of process and process improvement
- Strong knowledge of financial products like Hedge funds and its underlying investments like Equity, Fixed Income, Derivatives, Repo, etc.,
CORE COMPETENCIES
- Interpersonal (relationship builder, respectful, resolves problems, people friendly and organisational savvy)
- Communication (presentation skills, listening skills, oral communication skills, allows others to express themselves and written communication skills)
- Motivation (performance standards, achieving results and persistent)
- Thinking (creative thinking, decision making, input seeking, logical thinking and solution finding)
- Organisational Knowledge (business knowledge, expert knowledge and external events impact)
- Initiative and negotiation (succeeding in passing round or over possible issues, taking a first move and acting independently, through proven long term planning)
Experience
- Candidate to have at least 10+ years of experience in hedge fund accounting/Operations teams especially with 4+ yrs of exclusive experience in confirmation, Clearing and Settlement.Must be techsavy.
- Bachelor’s degree with emphasis in Accounting, Finance or a quantitative discipline. Masters’ degree would be an advantage.
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 Pune Office
The Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe.
Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.