Senior Collateral Mgmt Consultant – Middle Office (Hybrid)

Northern Trust Corp; Chicago (IL); Hybrid; USD 83,000 - 141,000; Full time

Benefits offered by this job

401k and pension

Health and welfare benefits

Paid time off

Discretionary bonus program

Job summary

Northern Trust Corp is hiring a Senior Consultant for Collateral Management in Chicago, IL. This hybrid role requires managing collateral processes for Middle Office clients, leading client onboarding, and ensuring adherence to service level agreements. The ideal candidate should have strong communication skills and 4-6 years of collateral management experience. A Bachelor's degree is required; an MBA or CPA is preferred. Competitive salary range: $83,100 - $141,300 USD, with comprehensive benefits and a flexible work culture.

Qualifications

• 4-6+ years of work experience with direct experience in Collateral Management.
• Excellent written and oral communication skills.
• Familiarity with Hedge Fund structures, products and financial instruments.

Responsibilities

• Manage the daily margin process across OTC, Repo, and Futures for Middle Office clients.
• Lead key client implementations to onboard Collateral clients.
• Oversee margin reconciliations and resolution of breaks through TriResolve platform.

Skills

Collateral Management

Project Management

Communication Skills

Understanding of Hedge Fund Structures

Education

Bachelor’s degree

MBA, CPA or CFA (desired)

Tools

TriResolve

Job description

Northern Trust Corp is hiring a Senior Consultant for Collateral Management in Chicago, IL. This hybrid role requires managing collateral processes for Middle Office clients, leading client onboarding, and ensuring adherence to service level agreements. The ideal candidate should have strong communication skills and 4-6 years of collateral management experience. A Bachelor's degree is required; an MBA or CPA is preferred. Competitive salary range: $83,100 - $141,300 USD, with comprehensive benefits and a flexible work culture.