Manager

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role

This role is based in Bangalore Securities Finance team.  The team provides Securities Finance front office (Trading & Account Management) support from Bangalore. This role will be leading a group of 9 partners team which provide processing support for SF portfolio evaluations, SF borrower reviews, delivering client metrics and other front office support activities.

Minimum Requirements

• Candidate having prior experience and background with Securities Finance Operations, Client portfolio data analysis would be preferred

• Must be flexible to work in shifts

• Other as per HR guidelines

Overall knowledge

• An in-depth background/exposure to managing teams (including conflict resolution, problem solving) is essential

• Good understanding of Securities Finance business and Operations. Knowledge of Client reporting, regulatory and risk reporting is preferred

• Technical knowledge on MS Office suite, PowerBI and small code application like Alteryx is preferred

• Knowledge of International & Domestic markets from the Securities Lending perspective will be preferred.

• Good understanding of the Securities Lending/ Custody Trade & settlements,   Entitlements functions globally is an added advantage

• Should have a clear understanding of the existing  Internal Controls, Risks within the  Securities lending business

• Excellent Team Leadership, staff management and organizational skills

• Strong analytical & communication skills

Major Duties:

Workflow Management:

• Assesses team workloads and allocates work as appropriate in conjunction with Team Lead

• Prioritises & monitors work in a daily / weekly / monthly timeframe

• Develops & set periodic goals & priorities. Ability to build long & short term strategies for the team & lead them from the front.

• Ensures adequate staffing levels on a day-to-day basis, including adequate training and cross training.

Management Support / Performance Management:

• Actively support Northern’s performance and appraisal process

• Monitors performance of staff including absenteeism and work standards

• Advises line management of performance issues and provides documented evidence where necessary

Staffing Development:

• Ability to drive engagement and inclusion across the team and the Division.

• Responsible for managing the team under direct supervision, including conducting the performance management process and providing input for staff and disciplinary actions

• Develops and maintains specific subject expertise within the team

• Supports the teammates in achieving their best and seeks support from management wherever and whenever required

• Responsible for career progression, mentoring & development of the team members

Process Management:

• Lead & drives Innovative Thinking and Excellence in Execution contributing to Driving Performance

• Displays a complete understanding of the day to day business of SL Trade support and collateral, on requirement acts as approvers for output from the process

• Displays extremely high ownership for both the team and the process. Steps up and makes effective decisions at all times.

Management Information:

• Understanding  & ownership of the Business Continuity & Pandemic plans for the processes

• Manages the delivery of appropriate MI for senior management

• Owns all output generated from the function for the Securities Lending Business

• Builds up strong relationships with Team members, Middle Offices Front Offices & external borrowers 

Technical:

• MS Office suite, MS access database, PowerBI hands on experience is a must as the role is involved in data extraction and analysis for client portfolio

• Identify and escalate issues. Resolve and/or escalate to the appropriate team for resolution

• Develops and maintains overall subject matter expertise for all the Securities Lending & specifically of Trade & Settlements & Collateral

• Responsible for interacting with various business areas to determine automation needs and provide on-going systems support

Control / Compliance:

• Should be aware of market wide practices such as BCP, Pandemic planning etc.,

• Ensures adequate controls are in place such that key daily deadlines are met 

• Good Understanding of the risks associated with the functions & ensure that adequate controls are in place to cover them

• Own and ensure adequate access controls for the proprietary systems for the staff

• Informs Reporting Manager when procedures are breached or when there is risk of loss to the Bank or client

Core Competencies:

• Good interpersonal skills and understanding of NT and its business. Organisational Knowledge (business knowledge, expert knowledge and external events impact) – NT Savvy (relationship builder, respectful, & have good networking skills))

• Well versed with MS office Suite and PowerBI. Building PowerBI codes, decoding previous built models on powerBI

• The role involves written and verbal communication with counterparties such as agents and borrowers. Candidate needs to have effective verbal and written communication skills - Effective Communication Skills

•  Thinking (creative thinking, decision making, input seeking, logical thinking and solution finding), Implementation skills - Innovative thinking, Excellence in Execution and strong analytical skills with great attention to detail.

• Client Service and Quality (quality, relationship building and client satisfaction) –Focused client delivery

• Administration (anticipates needs, execution, planning, process specialist, quality seeker and time management)

• Self-management (adaptability and resilience, learning behaviour, integrity and ethics)

• Self-Motivated (leads by example & drives high performance standards, achieving results and persistent)

Eligibility

• 3yearsasaTeamleadertomoveasaSectionManagercurrentlyatanofficerLevel

• MovementwithinSeniorConsultantandSectionManagerisapplicableiftheyhaveprior36 months of people management experience

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

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 sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected].

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.