Senior Analyst, Derivatives (ETD)

  • Location: Limerick, Munster, Ireland
  • Salary: Competitive
  • Job Type: Full time

Senior Analyst, Derivatives (ETD)

About The Team:

The Derivatives Operations Outsourcing department provides middle and back office operational support to investment management clients across a wide range of Exchange-Traded and Over the Counter products. The department's responsibilities include trade capture, trade confirmation/affirmation, margin processing and settlement, coupon processing/settlement and the associated reconciliations.

The ETD Margin Processing team is responsible for all processes supporting the management of our clients' margin liabilities related to their ETD business.

Team Responsibilities:

• Maintaining Client business rules on margin buffers and tolerances
• Monitoring Clearing Broker statements and margin files
• Reviewing morning reconciliations to understand exceptions
• Calculating proposed margin transfers using Client business rules and exceptions
• Obtaining Client approval for proposed margin transfers and FX transactions
• Confirming agreed margin transfers and FX transactions to Clearing Brokers and other stakeholders such as Fund Accountants, Trustees and Third Party Administrators
• Instructing agreed margin transfers and FX transactions to Custodians
• Reflecting agreed margin transfers and FX transactions in NT accounting system
• Investigating and resolving cash breaks related to margin transfers and FX transactions
• Investigating and resolving queries and enquiries from Clients and other parties
• Collating data for production of MIS and KPIs
• Providing support for partners in offshore locations
• Providing support for NT's extensive Change program
Individual Responsibilities:

• To provide support to the ETD Margin Processing Team Leader and Department Manager
• To ensure that all team duties are completed accurately within internal, market and SLA deadlines and timeframes
• Attend internal and external meetings with Clients and Counterparties where required
• Ensure that procedures are followed and updated regularly
• Ensure that controls are adhered to and evidenced daily
• To improve processes through tactical and strategic initiatives
• To contribute to tactical and strategic initiatives to improve own and team performance
• To contribute to requirements gathering, testing and implementation phases of any Change projects in which the team is a stakeholder

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.

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