at Northern Trust Company in Chicago, Illinois, United States
Job Description
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.
The Cash Analysis team is a vital cog in Northern Trust's mission to deliver world class customer service to our clients. Our team is responsible for managing the Corporation's liquidity of North and South American currencies at agent banks and cash settlement systems, such as the Federal Reserve. Additionally, our team manages cash projections of sweep activity for NTAM managed funds totaling over $200 billion on a daily basis.
Major Duties:
- Oversee the daily liquidity needs of bank sponsored Point in Time Money Market funds, Client Custom funds and client deposits held at TNT
- Manage the liquidity of the sweep funds intraday by estimating on an aggregate level the funding needed to support custody client activity and provide forecasting to Northern Trust Global Asset Management portfolio managers (NTAM)
- Manage the sweep fund's late activity (deposits /withdrawals) or client's idle cash that will impact the bank's liquidity
- Update Treasury Executives on changes in deposits for global and domestic clients
- Maintain sufficient liquidity at our sub-custodians for Canada and various South American markets
- Monitor/manage NT's Federal Reserve balance intraday to ensure adequate liquidity is available for funding needs and reserve requirements
- Understanding of Operational Risk and Control practices
- Ensure Control standards are being met and any risk issues escalated
- Document any new procedure changes in a timely manner
Working Model: Hybrid
We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.
Knowledge/Skills:
- Possess project management skills and have strong working knowledge of the firm, the industry and technology
- Self-driven with a sense of accountability for accuracy and quality of work produced
- Ability to identify process inefficiencies and develop procedural improvements
- Possess the ability to build strong working relationships with various partner areas of the bank
- Demonstrates a good understanding of Global Custody, or related Securities Industry Cash processing
- Possesses strong analytical/research skills
- #LI-Hybrid
- #LI-GG1
Experience Required
- Three or more years of related business experience
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...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
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