Associate Consultant, Omnium Services (Multiple Roles)

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.

The job involves working as SME in a team for a Global Derivatives Process, specializing in administering end to end life cycle of the derivative instruments. The position requires good experience and back ground in financial markets and derivatives product. Knowledge & Skills The candidate should possess the following skills: Good working knowledge of Derivatives Products. Proficiency in Microsoft Excel and Word. A good team player – ability to work and adapt to large teams Excellent interpersonal skills for liaising with related departments, brokers and IM’s. Should be capable of understanding various control checks. Sound knowledge of the financial markets, instruments and back office functions.

The responsibilities may include, but may not be limited to, the following; Act as a subject matter expertise for the process: allocation and manage the volume assigned, assists others (troubleshooting ) to complete their work in time. Ensure allocated partners are well aware with the Process Timelines, Escalation Protocol and display sense of urgency when dealing with critical queries. Zero tolerance to errors and deviations from established procedures in performing tasks (including review and approvals) in respect of assigned partners to achieve 100% process quality and accuracy Thorough understanding of overall business model and impact of various sub processes on the business.Produce timely and accurate management reporting, EOD reports etc. Demonstrate awareness of team’s activities and actions may potentially be damaging to the Northern Trust business, its clients, and/or financial markets Ensure Process Documentation (DPADs, Checklists, Process Maps, etc.) is up to date and is in line with EO standards. Perform Operational control review for assigned areas: review of processes migrated in recent past,  compliance to CASS rules, aged break management, BCP stress test etc Being an SME, strives to enhance processes and procedures and work towards improving quality and efficiency. Continuous improvement , in regard to organizational quality and performance, focuses on improving client satisfaction through continuous and incremental improvements to processes, including by removing unnecessary activities and variations. Deploy relevant training to staff around 'Quality' and encourage them to explore opportunities for improvement Identify Process improvement and automation opportunities . Assist and monitor  team projects till logical conclusion Focus on identifying and meeting Client needs in the most effective way. Bespoke or any deviation in the current procedure should not be introduced in the process unless the Client Impact, Downstream impacts are ascertained and mitigated Understand in detail the types of process specifications / quirks that exist in the process and demonstrate the same. Understand what these specifications/ quirks mean from a service/business perspective and the potential implications on an internal and/or external client. Ensure processes remain ‘fit for purpose’ and continue to effectively support both existing and new clients, IM’s, Brokers, Products and Services. Take full ownership of allocated sub process/project and