Team Leader, Reconciliations

Job Description

About Northern Trust: Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world s most sophisticated clients using leading technology and exceptional service.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 that is committed to strengthening the communities we serve! We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018. 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 ethical companies. Build your career with us and apply today.Title:Team Leader, ReconciliationsSummary This requirement is for Global Reconciliations operations team. A good understanding of securities markets, Income Reconciliations and related systems such as Fundmaster, TLM, ELM will be definitely preferred. The candidate must be able to work through multiple priorities with an eye for detail. Demonstrate quick learning abilities for any new reconciliation tasks/change in process quickly with minimum lead-time In addition to this, innovative thought process to provide tactical as well as strategic solutions is expected.Major DutiesPeople Management:Creates and fosters an inclusive environment where team members interact with trust, respect and a shared sense of purpose and collective impact Builds a diverse team through recruiting, hiring and succession planning Defines the teams purpose, prioritizes work and allocates resources to deliver on commitments Shares organizational initiatives, goals and other relevant information with the team Sets clear goals and expectations and holds self and employees accountable for achieving them Provides employees with candid, timely feedback and coaching to help them understand whats working well and what can be improved Supports employees in their individual career aspirations whether they involve movement to other roles or growing in their current one Demonstrates a fair and equitable approach in recognizing, rewarding and developing each individual Completes performance management and all other people-related processes in a timely manner Technical experts without management responsibilities, seen as advisors to the businessBusiness Goals:Drive and execute project deliverables with utmost quality Ability to handle, escalate and resolve queries in a timely manner Builds a strong repository of Operations and Domain knowledge in the team Active involvement in capturing process flows/updates and developing workflows based on requirement Perform Root Cause Analysis of Errors and suggest controls Conduct regular one to one meetings with team members and support their development needsControl / Compliance: Ensures adequate controls are in place such that key daily deadlines are met. Provides support in handling privacy or ASL situation by challenging the norms and introducing better control environment. Maintains risk management and compliance programs and activities for their assigned group Time management and prioritization of tasks and projects Keeps abreast of the changing and evolving landscape within the business unit and the markets Good understanding of CASS and REMS requirementsKnowledge / Skills Excellent oral and written communication & presentation skills Eye for detail with the ability to work through multiple priorities and demands Strong knowledge of Cash and Stock reconciliation, Client reporting, Income Lifecycle Has a good understanding of IOO, Custody & GFS business Understands and can comprehend the risks associated and apply it within the in-scope projects Strong accounting / financial services/ capital markets work experience or equivalent knowledge Demonstrate through examples /evidence of strong operations knowledge including secondary review & controls, risks & mitigation Demonstrate through examples /evidence day to day team management, mentor/coach team members and sharing feedback Demonstrate through examples /evidence analytical ability, problem solving, and escalation of issues Intermediate proficiency of MS Office specifically Excel and PowerPoint Demonstrate through examples /evidence excellent written and verbal language skills, ability to independently address technical & non-technical issues, knowledge share / training sessions conducted , proactively troubleshoot and manage escalations, and work with global teams Experience

• A College or University degree with relevant Industry experience ranging between 6 to 8 years.
• Should be open to work in Shifts as applicable.
• Knowledge of Income process, exposure in handling projects and any prior people management experience would be an added advantage.

Additional Information,

Keyskills :
salescustomer relationsslaqualitycoachingroot cause analysisenvironmental impact assessmentms officeroot causeglobal teamsrisk managementteam managementproblem solvingstatements of work sow