Manager, MO Asset Svcg, HFS

About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Role:
Responsible for managing the Middle Office Asset Servicing and Trade Processing team within Hedge Fund Services, overseeing transaction verification and settlement, lifecycle events, security master data, corporate actions and entitlements, OTC derivatives, fixed income and foreign exchange processing, trade capture and matching, failed trades, expirations, and break resolution. The team looks after Funds for numerous Fund Management clients. The role includes close supervision of the team, effectively handling escalations as well as communicating with internal and external stakeholders, providing leadership for the team and ensuring an inclusive working atmosphere at all times. Provides leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork, and communication. Responsibilities shall include (but not be limited to) personnel management and resource planning, ensuring compliance with the daily SLAs, internal relationship management and compliance/risk management, group business plan preparation, strategic planning and implement change review initiatives, and performance management.
Major Duties:
• Operate independently with deep functional and technical expertise, providing senior-level guidance to teams, partners, and stakeholders.
• Translate business strategy into operational priorities, balancing day-to-day execution with the delivery of longer-term objectives.
• Lead complex, cross-functional initiatives involving multiple disciplines, technical challenges, and ambiguous issues.
• Collaborate with global teams and business partners to address evolving client needs, improve service quality, and deliver consistent outcomes.
• Serve as a senior escalation point for complex or time-sensitive matters, coordinating resolution and providing clear stakeholder communication.
• Identify opportunities to strengthen the service offering, support new-product development, and enhance the division’s long-term value proposition.
• Partner with Sales and Relationship Management teams to support client presentations and deliver product or service demonstrations when opportunities arise.
• Drive improvements in operational efficiency, effectiveness, productivity, and control through a balanced, cross-functional perspective.
• Develop periodic goals, organize work, set priorities, monitor performance, and ensure the timely and accurate completion of deliverables.
• Lead performance management and career development, provide input on staffing and employee-relations matters, and deliver hands-on coaching and training.
• Identify, assess, monitor, and control operational and business risks within the function.
• Ensure issues are promptly owned, remediated, and escalated, with sustainable corrective actions and transparent reporting.
• Support audit, compliance, and governance requirements through appropriate documentation, evidence, and management oversight.
• Foster an inclusive and respectful environment that promotes collaboration, candid communication, accountability, and employee participation.
Skills:
• Be able to mentor through confidence and approachability
• Good analytical, numerical and reasoning skills
• Time management and delegation skills
• Approachable and able to promote teamwork through creative solutions
• Self-starter with the ability to function independently in a fast-paced, dynamic and demanding environment.
• Proficiency in Microsoft Excel, Word and PowerPoint presentations
• Excellent spoken and written English and the ability to write business correspondence.
• Proactive and capable to handle multiple tasks under extremely time sensitive conditions.
• Excellent team management and motivation skills
• Demonstrating that planning activities and decision-making are done with the appropriate consideration for the level of risk involved
Qualifications:
• Bachelor’s degree with emphasis in Finance, Accounting, Master degree a plus
• Minimum 15 years of work experience in financial services industry with at least 8-10 years in Middle office background
• Extensive experience across middle-office and/or back-office functions, with a solid understanding of the full transaction lifecycle and operational dependencies.
• Strong analytical skills, capable of dissecting complex workflows and identifying opportunities for simplification, automation, and control improvement.
• Demonstrated ability to lead cross-functional projects in a global context, with sensitivity to organizational change, regional dynamics, and stakeholder needs.
• Comfortable working across business, technology, and control teams, with strong communication and relationship-building skills.
• Preferably, someone who has managed people at a VP or above band
• Proven ability to translate abstract problems into structured solutions and present insights to both technical and non-technical audiences.
• Good understanding of trade economics related to various financial product transactions is an addition.
• Experience with Hedge Funds, Custody, Investment Management and/or Financial Services strongly preferred
• Ability to communicate in the big picture but working with close attention to details and accuracy
• Should be flexible for shifts and extended working hours.
• Strong knowledge of the financial markets, instruments and back office functions.
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 committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.