OTC/FX Trade Operations Specialist

Northern Trust; Chicago (IL); On-site; USD 96,000 - 162,000; Full time

Job summary

Northern Trust seeks an OTC/FX Associate Specialist to drive project initiatives and translate strategy into actionable plans for trade operations and client support. You will coordinate dependencies, manage trade-offs, and surface risks with traders, operations and IT.

The role requires a bachelor’s degree and 5+ years in FX or OTC derivatives operations, plus proficiency with TradeServ, MarkitWire/MarkitTradeManager and eConfirm; strong analytical and communication skills are essential.

Qualifications

• Bachelor’s degree is strongly preferred.
• 5+ years of FX or OTC derivatives operations experience.
• Experience with OTC structured products and documentation review.
• Proficiency with TradeServ, MarkitWire/MarkitTradeManager and eConfirm platforms.

Responsibilities

• Escalation point for team and clients in OTC/FX operations.
• Act as OTC/FX Product SME and manage team projects.
• Coordinate and execute multiple client/hedge fund workflows.
• Affirmations, confirmations and settlements of OTC/FX trades.
• Liaison between trading desk, controls and counterparties to resolve discrepancies.

Skills

OTC/FX SME

Project management

Trade settlement

TradeServ

MarkitWire

MarkitTradeManager

eConfirm

Excel macros

Power Automate

Analytical skills

Communication skills

Education

Bachelor’s degree

Tools

TradeServ

MarkitWire

MarkitTradeManager

eConfirm

Excel

Copilot

Power Automate

Job description

Northern Trust seeks an OTC/FX Associate Specialist to drive project initiatives and translate strategy into actionable plans for trade operations and client support. You will coordinate dependencies, manage trade-offs, and surface risks with traders, operations and IT.

The role requires a bachelor’s degree and 5+ years in FX or OTC derivatives operations, plus proficiency with TradeServ, MarkitWire/MarkitTradeManager and eConfirm; strong analytical and communication skills are essential.