Reconciliation & Control, Hedge Fund Services

Are you a detail-oriented and analytical individual with a strong understanding of financial services? Do you thrive in a fast-paced and dynamic environment? If so, we have an exciting opportunity for you at Northern Trust as a Reconciliation & Control professional in our Hedge Fund Services division.As a key member of our team, you will play a crucial role in ensuring accurate and timely reconciliation of client accounts, as well as maintaining control and oversight of processes and procedures. Your expertise in hedge fund services and strong communication skills will be vital in building and maintaining relationships with clients, internal teams, and external parties.To be successful in this role, you must possess a Bachelor's degree in Accounting, Finance, or a related field, along with a minimum of 2-3 years of experience in reconciliation and control within the hedge fund industry. A deep understanding of investment products and financial instruments, as well as proficiency in Microsoft Excel and other reconciliation tools, is also required.At Northern Trust, we value diversity and are committed to creating an inclusive and collaborative work environment. If you are passionate about delivering exceptional service and have a strong desire to continuously learn and grow, we encourage you to apply for this exciting opportunity. Join our team and be a part of our mission to provide innovative solutions to our clients in the ever-evolving world of finance.

1. Conduct accurate and timely reconciliation of client accounts in accordance with established procedures and guidelines.
2. Maintain control and oversight of reconciliation processes to identify and resolve any discrepancies or issues.
3. Utilize strong analytical skills to identify trends and patterns in reconciliation data, and proactively address any potential issues.
4. Communicate effectively with clients, internal teams, and external parties to build and maintain relationships and ensure efficient resolution of reconciliation-related inquiries.
5. Keep up-to-date with industry regulations and best practices in hedge fund services, and apply this knowledge to continuously improve reconciliation processes.
6. Collaborate with other team members to streamline and automate reconciliation processes, leveraging technology and tools to increase efficiency and accuracy.
7. Monitor and report on key performance indicators to track the success and effectiveness of reconciliation processes.
8. Provide training and support to junior team members, as needed, to ensure a high level of expertise and consistency within the team.
9. Maintain a thorough understanding of investment products and financial instruments, and utilize this knowledge to accurately reconcile complex portfolios.
10. Adhere to Northern Trust's values of diversity and inclusivity, and contribute to creating a collaborative and supportive work environment.
11. Continuously seek opportunities for personal and professional growth, and actively participate in training and development programs offered by the company.
12. Act with a high level of integrity and professionalism at all times, maintaining confidentiality and adhering to company policies and procedures.

According to JobzMall, the average salary range for a Reconciliation & Control, Hedge Fund Services in Chicago, IL, USA is between $80,000 and $120,000 per year. However, this can vary depending on the specific company, experience level, and additional skills and qualifications of the individual.

Northern Trust Corporation is a financial services company that caters to corporations, institutional investors, and ultra high net worth individuals. It is one of the largest banks in the United States and one of the oldest banks in continuous operation.