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Sr. Analyst, Product Control, Hedge Fund Services

Chicago, IL, USA | Northern Trust

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    Financial Services Professional
    Operations / Production
    Product Development
  • Experience:
    1-3 years
Job Description:
83 people have viewed this job

Role:

In this role, the individual will be the main point of contact for the client on all things related to understanding their trading profit & loss and how their valuations have been sourced. The Product Control function within HFS is responsible for valuation, daily and monthly P&L reporting, end of month pricing substantiation and end of day positional risk reporting.In addition, the Product Controller will work with internal partner areas to ensure all required processes have been performed to verify the valuation accuracy of the client’s portfolio. 

Major Duties:


Managing the daily P&L process for one or more client trading desks

Daily review of Quality Control checks

Working with trading desk(s) on P&L differences/inquiries

Working with offshore Product Control Team (India) on QC process

Delivering a final daily (and month-end) P&L statement to the client

Understanding and explaining the key drivers behind the P&L movements

Preparing/Managing monthly (or more frequently as required) price verification process and associated reporting

Updating and maintaining pricing policy for each financial type that is included in the consultant’s P&L reporting

Ad/hoc projects to meet and enhance client deliverables


Knowledge / Skills:


Knowledge of cash and derivative products across various markets

Knowledge of pricing and valuation

Knowledge of profit and loss reporting and related attribution analysis

Proficient in Excel and able to analyze large data sets quickly; VBA/macro skills preferred

Detail oriented with sense of ownership of his/her work


Experience:


1+ years relevant industry experience minimum

Client service experience

Undergraduate degree in Finance/Accounting is preferable


Summary:  

Founded in Chicago in 1889, Northern Trust is one of the world’s leading financial institutions. We specialize 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.

Northern Trust Hedge Fund Services offers world-class, scalable technology and dedicated expertise to serve hedge funds and large institutional investors with complex portfolios and product types. The business provides comprehensive middle office and administration services, including trade processing, asset servicing, valuation and profit and loss reporting, cash and collateral management, reconciliations, accounting and NAV calculations and investor servicing and reporting.



About Northern Trust:

Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. 



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 that is committed to strengthening the communities we serve!  

We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018. 

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and ethical companies. Build your career with us and apply today.


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