SME Product Control

1 week ago


Pune, Maharashtra, India Northern Trust Full time

Job Description

Title - Technical coordinator (SME) - Product control

Role

The job requires working for a Global Hedge Fund Administrator, specializing in administering assets of complex hedge funds. This individual will have a strong technical accounting background; experience working within the Financial Services industry. The position involves understanding of various investment instruments like Equities, Fixed Income Products, Derivatives, Swaps, CFDs, Repos etc. The team's main responsibility is to produce and analyze the daily T+1 Pnl.

Major Duties

  • Prepare / review daily PnL reports and analyze to determine the largest gainers or losers for the 3rd Party Administrator Platform
  • Review and resolve daily pricing exceptions raised and assist in price verification of various types of financial products.
  • Examine quality of prices received from Vendors and pricing exception tolerance level with onshore teams in HK, Chicago, NY & Dublin.
  • Work with Shared Services team in Chicago to identify and fix PnL problems
  • Work on ad-hoc products for the onshore Product Control team
  • Coordinate monthly close process with onshore Product Control Analyst for client delivery
  • Work with Account Managers across global locations to facilitate any client reporting requests
  • Knowledge of financial products like, Equity, Credits, Derivative instruments, TRS, REPO etc.

Accountabilities

  • Employees 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
  • Reports to TL/ Section Manager

Skills

  • Be able to mentor through confidence and approachability
  • Approachable and able to promote teamwork through creative solutions
  • Good analytical, numerical and reasoning skills
  • Time management and delegation skills
  • Deep understanding of process and process improvement
  • Excellent/advanced knowledge of Excel with VBA experience being a plus; should be familiar with MS Word & Office tools.
  • Excellent English, grammar, written and oral communication skills
  • Adaptive, flexible style with the ability to work in a dynamic, fast-paced environment

Qualifications:

  • A minimum of 4-6 years of experience in Financial Services environment, preferably, performing processes involving P&L, price verification and risk.
  • Experience with Hedge Funds, Investment Management and/or Financial Services strongly preferred.
  • Bachelor's degree with emphasis in Accounting, Finance or a quantitative discipline. Masters' degree would be an advantage.
  • Business exposure to Equity or Credit or at least some complex derivative products like Equity, OTC & FX Options, TRS, CDS, CDX, synthetic CDO's, MBS, Bank Debt, Debt Warrants, Convertible Securities, Corporate and Treasury Bonds.

Shift Coverage: This role is for North America shift coverage - 7:30PM/8:30 PM IST login time


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