Brokerage Ops Lead: Trade to Settlement

Northern Trust Corp; Chicago (IL); Hybrid; USD 68,000 - 112,000; Full time

Job summary

Northern Trust is seeking a Sr Associate, Brokerage Ops in Chicago to provide end-to-end brokerage operations support, including trade execution, allocation, confirmation, settlement, and reconciliation. The role partners with Client Integration, Compliance, Sales Trading, and Operations to ensure timely, accurate processes and flat positions daily.

The ideal candidate will monitor trade matching, resolve exceptions, and contribute to process improvements while maintaining regulatory compliance

Responsibilities

• Provide end-to-end brokerage operations support from trade execution and book-out through allocation, confirmation, settlement, and reconciliation.
• Manage the account opening process in partnership with Client Integration, Compliance, Sales Trading, and Operations teams to ensure timely and accurate completion of required steps.
• Maintain client static data, including confirmation setup, commission rates across markets, sub-account configuration, booking preferences, and client settlement instructions.
• Review documentation and account activity for accuracy, completeness, and compliance with internal procedures and applicable regulatory expectations.
• Book out and allocate equity, fixed income and option transactions to the appropriate client accounts, ensuring timely confirmation through Central Trade Manager or manual confirmation workflows.
• Monitor market-side and client-side trade matching and settlement, identify exceptions, resolve mismatches, and work with clients, execution brokers, and internal teams to support high settlement performance.
• Apply commercial awareness to settlement risk, including high-value trades, sensitive clients, debit-interest exposure, and time-critical market requirements.
• Support daily reconciliation and position management to ensure agency brokerage accounts are flat of position and profit/loss at end of day, with any error positions documented and handled in accordance with regulatory and internal control requirements.
• Analyze complex issues using multiple sources of information, identify practical solutions, and escalate matters appropriately when risk, client impact, or business impact is identified.
• Contribute to process improvement, operational efficiency, and control enhancements across the team, including support for large, complex, or cross-functional projects.
• Partner with colleagues across related teams to support service delivery, strengthen team dynamics, and promote consistent execution of brokerage operations standards.

Job description

Northern Trust is seeking a Sr Associate, Brokerage Ops in Chicago to provide end-to-end brokerage operations support, including trade execution, allocation, confirmation, settlement, and reconciliation. The role partners with Client Integration, Compliance, Sales Trading, and Operations to ensure timely, accurate processes and flat positions daily.

The ideal candidate will monitor trade matching, resolve exceptions, and contribute to process improvements while maintaining regulatory compliance