Sr Analyst, Reconciliation

Job Description

About Northern Trust: Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With over 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 we are honored to receive the following awards in 2021: Gender Equality Index Member, Bloomberg Top Financial & Banking Company, Black EOE Journal, Hispanic Network Magazine, Professional WOMANS MagazineWe d love to learn more about how your interests and experience could be a fit with one of America s best banks and most sustainable companies! Build your career with us and apply today.Summary This requirement is for Global Reconciliations operations team. Evaluates and reconciles funds including mutual, commingled, and collective for production of client month end reports or for daily valuation. Verifies transactions, reports within scheduled timeframes according to audit standards and resolves exceptions on a daily basis for fund accounts. We also support static data maintenance, risk reporting & rules development functions. All these functions comprises of partners who support Northern Trust business in conjunction with our global network of operational partners.This position will perform reconciliation activities to ensure a qualitative and quantitative output while achieving all the relevant SLAs.Major Duties Adherence to procedures and SLA s. Identifies and manages resolution of service delivery root causes. Initiates frequent, proactive communication with the Client Admin/ Middle offices to verify perceived levels of satisfaction and demonstrate proactive service. Play a role of SME and able to train the new hires Proactively communicate the procedure updates to the team. Responsible for following established guidelines and identifying and resolving problems. Full ownership for one or more processes, reports and/or procedures. Analytically and procedurally competent, representing the team on cross-function process or project deliverables. Emerging as an expert in a specific skill set but remains focused primarily on daily execution Ability to handle, escalate and resolve queries in a timely manner Perform Root Cause Analysis of Errors and suggest controls Knowledge / Skills Excellent oral and written communication & presentation skills Working knowledge of financial / capital markets (e.g., Good understanding of financial instruments, operation of capital markets, lifecycle of trade, Net Asset Value etc.) Good understanding and ability to articulate current role / functional process Fund Accounting business knowledge will be an added advantage Demonstrate through examples /evidence excellent written and verbal language skills, collaboration, analytical acumen, raising your hand , sense of urgency, escalation channels/process and attention to detail Working knowledge of Excel and good knowledge of TLM tool Sustainable performance demonstrated through examples/evidence, the above listed core skills and competencies in the current role over a period of 24 month .Experience Minimum 2-3 years in the current role and relevant experience in the financial services industry Degree in Finance/Commerce [preferably]Additional Information,

Keyskills :
net asset valueroot cause analysisroot causestatic datafund accountinglanguage skillscapital marketsgender equalityservice deliveryfinancial servicesbusiness knowledgecollaborative work