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 critical to Northern Trust's mission to deliver world class customer service to our clients. Our team is responsible for managing and projecting the Corporation's daily liquidity position of North and South American currencies at agent banks and cash settlement systems such as the Federal Reserve and DTCC. This role will focus on Northern Trust's intraday liquidity management at the Federal Reserve but also provide exposure and career development opportunities in other areas.
The Sr Consultant operates under general supervision but works on their own most of the time. Technically competent to act as first point of reference for day-to-day queries, and serves as a liaison to related areas. Has both broad and in-depth knowledge in intraday liquidity management, plus strong knowledge of related areas. Carries out relatively complex, extensive, high profile activities e.g. direct interaction with stakeholders, governance committees and senior management. Demonstrates excellent analytical, consultative, communication and judgment skills. Focuses on maintenance and implementation of policies, procedures, and productivity in the function, building towards becoming a subject matter expert.
Major Duties:
Project based
- Subject matter expert on Liquidity for the North and South American markets
- Working closely with Capabilities, Treasury and Risk on strategic initiatives to help improve client experience while protecting the bank's liquidity
- Represent Cash analysis at various internal liquidity governance forums
- Lead strategic initiatives around liquidity for the practice
- Collaborate with our team across the globe in establishing consistent processes across self-clearing markets
- Drive idea generation across the team and drive process improvements
Day to Day
- Monitor/manage NT's Federal Reserve balance intraday to ensure adequate liquidity is available for funding needs and reserve requirements
- Act as the point of contact for all liquidity escalations
- Collaborate with operations teams, client facing partners, and Treasury on projected large cash movements that will impact our liquidity position and decision-making
- Focus on maintaining/strengthening business resiliency for liquidity
- Support liquidity monitoring at our agent banks in Canada and various South American markets as needed
Knowledge/Skills:
- Proficient technical and analytical skills (Excel) and collaboration skills (Microsoft Teams)
- Strong project management skills- ability to drive strategic initiatives for the practice to completion
- Ability to proactively identify areas of risk and work closely with stakeholders to establish controls
- Ability to identify process inefficiencies and develop procedural improvements
- Possess the ability to build strong working relationships with various partner areas of the bank
- Possess working knowledge of the firm, the custody industry and technology
- Self-driven with a...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
