Hybrid Senior Consultant, Collateral Management, Middle Office

at Northern Trust

• Job title: Senior Consultant, Collateral Management, Middle Office
• Job type: Full Time
• Experience level: Senior
• Salary: $83,100 - $141,300 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Chicago, United States

About the role

• Senior Consultant managing daily margin processes for Middle Office clients at Northern Trust. Overseeing client implementations in a dynamic financial services environment.

Responsibilities

• Manage the daily margin process across OTC (bilateral and centrally cleared), Repo and Futures for Middle Office clients
• Respond quickly and accurately to requests in a high volume, time sensitive trading environment
• Lead key client implementations to onboard Collateral clients in accordance with SLA
• Review and setup of client collateral terms based upon ISDA, GMRA or similar docs
• Administer process to deliver and exchange securities in accordance with client’s eligibility rules
• Direct month-end collateral interest process from reconciliation to settlement
• Oversee margin reconciliations and resolution of breaks through TriResolve platform

Requirements

• 4-6+ years of work experience with direct experience in Collateral Management
• Experience in project management and client interaction
• Understanding of basic accounting principles and procedures
• Familiarity with Hedge Fund structures, products and financial instruments
• Excellent written and oral communication skills

Benefits

• 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
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component