Technical Coordinator, Securities Lending (Assistant Manager) Manila, Philippines

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 within NOS Securities Lending Trade Support team. The team provides operational support in respect to the Securities lending Trade Support functions for Northern Trust’s clients in all markets in which Northern Trust operates & also supports Northern Trust’s agency lending program, a number of Client Directed Lending arrangements and Third Party lending activities. The Position reports to the Team Leader.

Major Duties:

• Should be able to understand organizational & Division goals, strategies and should be able to help connect to the team’s performance in achieving the same

• Ensure that the SLA / KPIs are being performed in a timely manner

• Timely updating of process related documentation

• Responsible for allocation of work to the team and other Day-to-day process related responsibilities

• Organizes the work of the team, assigns tasks, sets short-term priorities, monitors all activities and ensures timely and accurate completion of the work

• Maintain technical knowledge of operations in order to resolve unusual and complex problems. The role demands working with borrowers, agents, tri-party custodian, trading desk, middle office and support teams to resolve complex issues and ensure timely resolution within available timeframe Timely resolution to DSM/ Email queries

• Work with the Team Leader/Section Manager to test internal controls not only within the sub function of Trade Support but across all sub functions and report accordingly

• Adhere to the existing controls and continuous review of the process to implement new controls to mitigate risk.

• Should be in a position to maintain extremely high accuracy levels for the self/team Displays extremely high ownership for the process. Steps up and makes effective decisions wherever and whenever required.

• Build and maintain strong relationships with Team members, Middle Office and Borrowers, Agents, Clients custodian’s and trading desk

• Acts as a back-up for the Team Leader and also contributes to MI reporting

• Participates/drives project(s) at Division or Practice level

CORE COMPETENCIES:

• Interpersonal skills (relationship builder, respectful, & have good networking skills))

• Communication (presentation skills, listening skills, oral communication skills, allows others to express themselves and written communication skills)

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

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

• Innovative Thinking (Ability to Think outside the box to drive performance, effective decision making, input seeking, logical thinking and solution finding)

• Organisational Knowledge (business knowledge, expert knowledge and external events impact)

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

Accountabilities:

• 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

Minimum Requirements

• Prior experience in the same role would be an added advantage

• Prior experience and background with Securities Operations would be preferred

• Must be flexible to work in shifts and/or on a rotational basis

Overall knowledge

• Comprehensive understanding of the Trade Support Function within Securities Lending.

• Should have general awareness of market wide risk and compliance policies such as AML Information Security, BCP, Pandemic planning etc.

• Ability to understand & comprehend Risks associated with the Lending domain and the implications on operations. Strong understanding of aspects of trade settlements, its effect on Operations and implementation.

• Comprehensive understanding of the Asset Servicing Practice and its effect on the Financial Service Industry.

• Ability to adapt quickly to new situations and initiatives

• Knowledge on systems used such as Fundmaster, IMS, TLM, SWIFT, GSL etc. would be an advantage.

• Financial knowledge on settlements, collateral management within the International and domestic markets would be an advantage.

• End to End understanding of Securities Lending is preferred/added advantage.

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 MyHRHelp@ntrs.com.

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.