The Transfer Agency department provides a third party fund administration service to numerous fund management companies covering the full range of shareholder servicing functions including dealing, registration, settlements, distributions, commissions and statements.
Working as part of a dedicated Reconciliations Team, individual will be responsible for the reconciliation and QA of all TA share dealing/nostro bank accounts on a daily basis.
Please note this position will require the successful candidate to initially perform tasks in the Transfer Agency Settlement Team for 6 to 9 months, returning to the Reconciliations team permanently following this period.
Responsible for reconciling all assigned accounts accurately and efficiently within relevant deadlines.
Day to day processing work, quality checks and assurance
Day to day oversight of processing quality and timelines in Bangalore, seeking appropriate information from local management where required
Issuing weekly and monthly stats for Senior Management
Liaise with the other TA partners to monitor and report on the Aged Reconciliation items
Work queue management/Clearance within relevant deadlines
Working with other team members to ensure Reconciliations Team Mailbox is kept up to date at all times and that e mails are actioned/filed promptly and within the standard SLD.
Communicate with other teams within NT and with external parties to ensure all reconciliation breaks are cleared in an efficient and timely manner.
Attend regular team meetings ensuring all actions assigned to you are completed within agreed timelines.
Achievement of monthly KPIs in order to keep ASLs to a minimum
Monitor and assist on the queries and liaise with other departments where necessary
Assist in the continued process of TQM (total quality management)
To work with the team, internal departments, Manager and Group projects area on any allocated Client projects.
Maintain relations with third parties - to include Client, internal relations with other departments and auditors.
Maintains a close working relationship with other areas, such as Dealing, Registration and Client Services
Fulfil additional relevant tasks appropriate to the role and business requirements
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
Forge and maintain relationships with key internal/external stakeholders
Qualifications / Skills / Experience:
Previous financial services experience is desirable
Customer Service experience would be an advantage
Ability to review and resolve complex issues
Ability to work to deadlines
Strong planning and organisation skills
Ability to work on own initiative
Effective verbal reasoning and numeric skills
Strong Microsoft Office skills
Experience in working with Multiple Currencies
Knowledge and understanding of working within a regulatory Environment
About Northern Trust:
For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world's most-sophisticated clients - from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands. We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.
Northern Trust proudly cultivates a diverse workforce, to serve our diverse client base. We strongly believe that diversity of experience contributes to a broader collective perspective that will consistently lead to a better company. We encourage applications from the best regardless of ethnicity, gender, gender identity, age, nationality, disability, sexual orientation, education, socio-economic background, parental and caring status, or religion.
As of December 31, 2018, Northern Trust Corporation had:
$10.1 trillion in assets under custody/administration
$7.6 trillion in assets under custody
$1.1 trillion in assets under management
$132 billion in banking assets
Internal Number: 5649572
About Northern Trust
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