Securities Lending Trader
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Chicago, IL 60601
The securities lending group customizes programs for clients to generate incremental revenue for their investment portfolio. As part of the capital markets group, securities lending provides liquidity and efficiency to the equity and fixed income markets while working directly with some of the largest global financial institutions. Functioning in a competitive market place means the securities lending team must focus on Northern Trust’s core principals of service, integrity and expertise to remain a market leader.
This is an exciting opportunity for anyone who wishes to develop a career within financial services. The role is primarily focused on the lending of clients US Equity /Fixed Income securities to the borrower community. The successful candidate will enjoy working amongst a specialist team to optimize revenue through skilled negotiation and effective relationship management with the borrower community.
The successful candidate will have access to an ongoing learning and development curriculum, with endless opportunities for career progression and growth. As a market-facing role, this is an unparalleled opportunity for anyone eager to obtain first-class experience as a Securities Lending Trader
?Interface with borrowers and Northern Trust’s global trading desks to optimize revenue by effectively lending securities in accordance with client, bank, and regulatory guidelines.
?Negotiate with borrowers to price transactions based on market supply and demand factors with the ability to make prompt decisions and react to daily market changes.
?Establish and maintain strong relationships with borrowers and Northern Trust partners including our global trading desks, trade support, product and client servicing teams.
?Monitor the trading book closely and ensure effective risk management to avoid any exposure to both Northern Trust and beneficial owners, particularly around corporate actions and liquidity management in those markets with punitive settlement regimes. Working closely with operations teams to minimize all risk situations. Liaise with trade support, collateral and corporate actions teams to promote efficiencies throughout the trading process.
?Provide analytical support to senior traders to help maximize return from Northern Trust’s lending portfolio. Analyze and interpret data, in order to make, support, and articulate trading decisions.
?Assist the trading team in the review, integration and deployment of new and existing technology tools to further automate trading processes.
?Evaluate client portfolios for the purposes of performance reviews and future revenue estimates.
The successful candidate will benefit from having/being:
?Experience within the financial services industry
?Knowledge of securities lending markets and processes
?A confident communicator, capable of influencing discussions, managing negotiations and developing borrower relationships
?The ability to quickly become proficient with new concepts and use relevant skills to enhance and improve processes
?An ability to work diligently under pressure, multi-tasking in a fast-paced environment
?Comfortable mining, analyzing and interpreting data in order to make, support and articulate trading decisions
The competencies we will be assessing include:
? Effective communication
? Relationship management
? Analytical thinking
? Effective prioritization
? Decision making
? Attention to detail
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.