Consultant - Cash Management

at  Northern Trust Corp

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.

Key Responsibilities include:

• Managing intra-day liquidity usage by using the Bank of England Liquidity Savings Mechanism, facilitating settlement whilst minimising usage.
• Reviewing payment flows in the Liquidity Savings Mechanism to meet “Throughput” targets whilst being cognisant of intra-day liquidity usage.
• Determining the drivers of GBP intraday liquidity usage, compiling monthly reporting used by the Chicago Liquidity team and senior management.
• Analysing and reviewing GBP Limits set within the Liquidity Saving Mechanism to control liquidity, providing recommendation to change if necessary.
• Calculating and monitoring CREST positions within each PID, seeking the required approval prior to changing in the GUI, to facilitate settlement.
• Management of T2S activity by using Central Bank and Internal systems. Ensure that no transactions fail due to a lack of euro liquidity, and limits raised where necessary in line with procedures.
• Calculating Currency, Euro, and Sterling Investments, traded by the EMEA Treasury Desk. This will require business unit collaboration to ensure position accuracy.
• Re-balancing nostros through accurate funding transfers, avoiding any unnecessary closing balances attracting potential charges and regulatory breaches.
• Proactively monitoring intraday transactional settlement across London, Luxembourg and NTGS via internal and external GUI’s, taking remedial action within the appropriate time to mitigate settlement risk.
• Working closely with the EMEA Treasury, Credit, and external custodian/sub-custodians to manage risk.
• Completing Standard Balance Reporting on all currencies within the times set, annotating the drivers behind predicted vs. actual balances.
• Retrospectively analysing Funding and Investment decisions, putting in place remedial action(s) to aid in future decisions taken.
• Proactively looking to re-engineer processes to improve efficiency and controls.
• Compile Profit & Loss reporting, analyse deltas and provide commentary to management and Finance.
• Keeping procedures up to date, capture any changes and ensure appropriate sign-off.

The preferred candidate should have a fair amount of the following skills and experience:

• Prior experience in one or more of the following areas; Cash Management, Global Custody Experience and/or experience in a Treasury support function
• Competency in Microsoft Excel
• Demonstrated understanding of Global Custody and/or related Securities Industry Cash processing.
• Demonstrated understanding of Cash liquidity.
• Independent decision making, takes ownership of own actions and outcomes.
• Proven organisational skills e.g. ability to set priorities and manage deadlines
• Proven problem solving skills
• Good communication skills: verbal, non-verbal and written
• Willingness to work additional hours as needed to meet team objectives, this could include weekend work.

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

• Managing intra-day liquidity usage by using the Bank of England Liquidity Savings Mechanism, facilitating settlement whilst minimising usage.
• Reviewing payment flows in the Liquidity Savings Mechanism to meet “Throughput” targets whilst being cognisant of intra-day liquidity usage.
• Determining the drivers of GBP intraday liquidity usage, compiling monthly reporting used by the Chicago Liquidity team and senior management.
• Analysing and reviewing GBP Limits set within the Liquidity Saving Mechanism to control liquidity, providing recommendation to change if necessary.
• Calculating and monitoring CREST positions within each PID, seeking the required approval prior to changing in the GUI, to facilitate settlement.
• Management of T2S activity by using Central Bank and Internal systems. Ensure that no transactions fail due to a lack of euro liquidity, and limits raised where necessary in line with procedures.
• Calculating Currency, Euro, and Sterling Investments, traded by the EMEA Treasury Desk. This will require business unit collaboration to ensure position accuracy.
• Re-balancing nostros through accurate funding transfers, avoiding any unnecessary closing balances attracting potential charges and regulatory breaches.
• Proactively monitoring intraday transactional settlement across London, Luxembourg and NTGS via internal and external GUI’s, taking remedial action within the appropriate time to mitigate settlement risk.
• Working closely with the EMEA Treasury, Credit, and external custodian/sub-custodians to manage risk.
• Completing Standard Balance Reporting on all currencies within the times set, annotating the drivers behind predicted vs. actual balances.
• Retrospectively analysing Funding and Investment decisions, putting in place remedial action(s) to aid in future decisions taken.
• Proactively looking to re-engineer processes to improve efficiency and controls.
• Compile Profit & Loss reporting, analyse deltas and provide commentary to management and Finance.
• Keeping procedures up to date, capture any changes and ensure appropriate sign-off