Global Securities Finance Collateral Analyst

Northern Trust; Chicago (IL); On-site; USD 57,000 - 86,000; Full time

Job summary

Northern Trust in the United States seeks an Analyst to support daily collateral processing for securities finance, including cash and non-cash collateral, tri-party activities, and Canadian collateral management.

You will ensure timely settlements, resolve exceptions, and perform reconciliations while coordinating with borrowers, custodians, and internal partners to mitigate risk and improve processes.

Qualifications

• Bachelor's degree in Finance, Accounting, Business, Economics, or related field or equivalent securities operations experience.
• 0-3 years of experience in securities finance, collateral management, custody, settlements, or financial operations.
• Understanding of securities lending, collateral management, and settlement processes preferred.

Responsibilities

• Process and monitor daily collateral movements (cash, non-cash, tri-party, Canadian market activity).
• Ensure timely settlement of collateral and securities transfers across DTC, FED, and Canadian depositories.
• Investigate and resolve stock, cash, and settlement exceptions.
• Perform daily reconciliations of internal accounts and external depository activity.
• Monitor collateral sufficiency and assist in managing collateral exposures and shortfalls.
• Communicate with borrowers, counterparties, custodians, and internal partners to resolve operational issues.
• Support corporate action processing and collateral impacts of market events.
• Maintain compliance with procedures, controls, and risk management requirements.
• Participate in process improvement initiatives to enhance efficiency and reduce risk.
• Collaborate with global teams (Chicago and Bangalore) to ensure seamless service delivery.

Skills

Analytical thinking

Written communication

Communication skills

Deadline-driven

Detail-oriented

Education

Bachelor's degree in Finance/Accounting/Business/Economics

Tools

Microsoft Excel

Microsoft Office

Job description

Northern Trust in the United States seeks an Analyst to support daily collateral processing for securities finance, including cash and non-cash collateral, tri-party activities, and Canadian collateral management.

You will ensure timely settlements, resolve exceptions, and perform reconciliations while coordinating with borrowers, custodians, and internal partners to mitigate risk and improve processes.