Section Manager - Trade Operations (Invitation for Women Candidates)

Job Description

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.ROLEIncumbent will be responsible for end to end process management & delivery of process of all or a cluster of processes which include:

• Confirmation of all instrument class viz, Equity, Bonds, Fx & MM Deposits
• Settlements involving Equities and Fixed in different markets across the globe
• Cash Management (Payments and Journal postings)
• Overdraft Monitoring
• Front Office Reconciliation

The incumbent will be accountable for proper change management & process improvement. Continuously develop industry/product knowledge. Ability to understand customer segments and apply different servicing approaches based on customer knowledge level. Implement development plans for staff.PRINCIPAL RESPONSIBILITIESResponsible for managing Market ops teams(s), including conducting the performance management process and providing input for staff and disciplinary actions. Act as a subject area expert and directs activities of staff. Develop and maintain specific subject expertise and advise business management, and relevant third parties. Publishing of weekly KPIs to identify and track reasons for deviation from agreed levels, also ensuring follow up for all ageing items.End to End process responsibility and to be in control of End of day reports and critical intra-day reports.Managing all Exceptions and handholding to closurePlay a key role in Audit reviews and checksAssist in preparing and implementing Business Continuity Plans.Review and improve on productivity benchmarks on ongoing basis.Work with the Division Manager to ensure regular communication with onshore locations.Make performance appraisal for direct reports.Processes research/investigations on appropriate systems to operationsExplains product features and benefitsCreate strong resiliency & backups within the team.Work in partnership with Local Risk & Audit team for QA Tests, MIS, Audit etc.Serve as a lead resource in the creation, revision, and interpretation of investment operations policies and proceduresSKILLS / EXPERIENCE/ KNOWLEDGEGENERALDemonstrated client servicing capabilities and excellent communication skills.Must be able to work under pressure and make accurate decisions in stressful situations.Must be able to lead, manage and motivate the teams.Good time management skillsAn appreciation of risk and quality issuesControl OrientedProactive, positive approachAble to grasp/learn concepts and procedures quicklyAbility to work independentlyProblem solving skillsAttention to detailOrganizational skills are required to manage conflicting priorities and multi-task functions in a fast-paced team environment. Leadership and organizational skills are required to develop periodic goals and to motivate team members towards the goals set.MANAGEMENTSupport the implementation of business plans.To be viewed as a role model in the team.Manage the allocation of the workload in a fair and efficient manner.Delegate appropriately.Act as effective Manager within the unit and with other units by imparting knowledge as appropriate. Deliver training /coaching effectively.Provide objective and regular feedback to staff.ACCOUNTABILITIESEmployees 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 organised and controlled.Employees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties.Responsible for managing team(s).KNOWLEDGE AND SKILLS:ProductsGeneral knowledge of financial products and their operations processing requirements specific knowledge of Cash Equity, Fixed Income & Fx Products. Financial MarketsGeneral knowledge of financial markets, the institutions that govern them and the major firms that operate in themSpecific knowledge of all relevant markets in different region viz. EMEA, US & APACKnowledge of specific clearing institutions. i.e. CREST and EuroclearAn understanding of the various departments within Investment management world and how they interact with each other:o Front Officeo Operations Departments: Confirmations, Settlements, Reconciliation, Data Managemento Other Support Functions: Finance, Legal & Compliance.General knowledge of the lifecycle of a securities trade Specific knowledge of Equity, FI & Fx Settlement processes:o Pre and Post Settlemento Cash Managemento Stock & Cash Reconciliationo Operational Risks & Controls IT SystemsUnderstanding of the functional purpose of each system used in day-to-day processingUnderstanding of how the data in the various systems is interrelated.Risk ManagementUnderstanding and consistent application of key control activities within day-to-day processing EXPERIENCE:CA/ MBA (Finance)/CFA or B.com with at least 3-4 years experience in people management role.Knowledge of Capital Markets Essential with the knowledge of the investment management/asset servicing industry (preferable), with Minimum 4-6 years experience in the capital market domain and Overall Experience of 9 to 12 Years.Additional Information,

Keyskills :
fixed income derivativesline balancingrole modeltime managementsourcingfixed incomecapital markettargetproblem solvingcapital marketscost reductionsafety