Mutual Funds Onboarding & Settlement Analyst

001 The Northern Trust Company; Chicago (IL); On-site; USD 48,000 - 71,000; Full time

Job summary

The Northern Trust Company is seeking a skilled operations professional to support onboarding and set-up for clients trading Mutual Funds and CITs. The role involves understanding internal and external systems, handling asset transfers, and ensuring accurate account setup and maintenance.

You will collaborate with client-facing partners and Relationship Managers across business segments. The position emphasizes timely processing, attention to detail, escalation when needed, and the ability to

Qualifications

• Processing and approving the following transactions; domestic and international wires; retirement distributions, conversions, free deliveries, DWACs, and DRS.
• Completion of Incoming account transfer asset reviews.
• Initiate and monitor account transfers.
• Establishing new accounts and updating accounts as per clients' instructions.
• Support front office institutional and retail registered representatives by navigating them through systems and procedures.
• Timely and accurate execution of workflow/control related activities.
• Coach and develop junior level partners as subject matter expert; Take initiative to identify and implement process improvement opportunities to increase processing effectiveness and efficiencies.
• Other ancillary duties as assigned.

Job description

The Northern Trust Company is seeking a skilled operations professional to support onboarding and set-up for clients trading Mutual Funds and CITs. The role involves understanding internal and external systems, handling asset transfers, and ensuring accurate account setup and maintenance.

You will collaborate with client-facing partners and Relationship Managers across business segments. The position emphasizes timely processing, attention to detail, escalation when needed, and the ability to