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.
Description
As part of the newly formed Market Operations and our functional Liquidity Services team, Treasury Trade Support is comprised of middle and back office operations supporting Northern Trust's Corporate Treasury department. Our Team ensures the smooth execution, settlement, monitoring and control of Treasury's transactions globally. The Corporate Treasury department and Liquidity Services Treasury Trade Support are vital to Northern Trust's mission to optimize the balance sheet while managing cash and liquidity with the highest standards of governance and operational efficiency.
As a member of the Treasury Trade Support, you will work on a small team responsible for supporting a multibillion dollar asset and liability security portfolio. Responsibilities include supporting a wide array of activities involving trade processing, settlement, cash management, reconciliations and collateral management. You will be relied upon to coordinate across the business with internal stakeholders (including Treasury Front Office, Control and Finance) and external parties. This function plays a key role in identifying risks and developing innovative solutions to better support Treasury's management of the balance sheet.
Major Duties
- Operates under general supervision, but mostly works independently on daily/monthly and quarterly processing, reconciliation and reporting deliverables.
- Conduct daily work flow supporting Front Office's Balance Sheet Management activities involving Assets, Liabilities and Collateral Management.
- Reconciling high value breaks requiring skills to navigate the portfolio management system warehousing the security portfolio with a good understanding of bond accounting.
- Collaborates with business partners and engineering teams on testing new capabilities and enhancing current processes.
- Conducts portfolio, repository and valuation analysis on an on-going basis and identifies risks and gaps to business partners within Treasury Operations and to our stakeholders
- Collaborates with Senior Partners helping with business continuity planning/testing, resiliency, RCSA analyses, and audit deliverables.
- Become a subject matter expert to provide comprehensive, in-depth consulting and leadership to team and partners at a high technical level.
Qualifications
- A College or University degree in Finance or a Business related field and/or 2+ years relevant proven work experience
- Exposure and understanding of Risk, Audit and Compliance factors
- Functional / Industry Knowledge is required specific to fixed income securities and collateral management
- Highly flexible and adaptable to change
- Experience with business process and/or technology enhancement initiatives
- Strong Microsoft Excel skills, familiarity with PowerBi is a plus
Salary Range:
$66,700 - 113,300 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement...
Equal Opportunity Employer
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