Specialist - Liquidity Regulatory Reporting

Northern Trust; Chicago (IL); On-site; USD 137,400 - 233,600; Full time

Benefits offered by this job

Hybrid work model

Discretionary bonus program

Comprehensive benefits

401(k) and pension

Paid time off

Job summary

Northern Trust in Chicago is seeking a Specialist – Liquidity Regulatory Reporting to own the daily FR 2052a submission, ensure accuracy and maintain compliant processes.

You will collaborate with Accounting Policy, Controllers, Risk and Treasury, analyze balance movements, prepare MIS liquidity reports for senior leadership, and participate in regulatory changes and automation efforts.

Qualifications

• 10+ years of work experience with related four-year degree.
• Familiarity with FR 2052a regulatory reporting requirements and daily submission.
• Experience with data analytics, reporting tools, and regulatory reporting platforms.

Responsibilities

• Own the daily production and submission of the FR 2052a process to the Federal Reserve.
• Collaborate with Accounting Policy, Controllers, Risk and Treasury partners.
• Maintain procedures to ensure regulatory compliance with reporting requirements.
• Analyze day-to-day balance sheet movements and address out-of-balance accounts.
• Produce daily and monthly MIS liquidity reporting for senior committees.
• Advise senior management on regulatory implications of transactions and new products.
• Participate in liquidity management initiatives and regulatory change projects.

Skills

Balance sheet analysis

Regulatory reporting

Data analytics

Cross-functional collaboration

Executive communication

FR 2052a knowledge

Process improvement

Attention to detail

Education

Bachelor's degree

Tools

Regulatory reporting platforms

Data analytics tools

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Specialist – Liquidity Regulatory Reporting

The Specialist – Liquidity Regulatory Reporting role is responsible for the review, approval and submission of complex liquidity regulatory reports, with a primary focus on the FR 2052a. The candidate for this role should have familiarity with FR 2052a regulatory reporting requirements and the daily submission process, including being able to provide coverage to review exceptions and process FR 2052a adjustments as part of the daily submission.

• Responsible for owning the daily production and submission of the FR 2052a process to the Federal Reserve.
• Requires close collaboration with cross-functional teams across the Bank, including Accounting Policy, Controllers, Risk and global Treasury partners.
• Responsible for owning and maintaining procedures and standards to ensure regulatory compliance with applicable regulatory bodies and reporting requirements are met.
• Research and analyze day over day balance sheet movements and accounts out of balance with the goal of remediating in a short timeframe.
• Production of daily and monthly MIS liquidity reporting to broad distribution including Senior Management Committees including Corporate Asset and Liability Management Committee.
• Advises business unit senior management on regulatory implications of proposed transactions and new product offerings.
• Participate in strategic liquidity management initiatives and regulatory change projects, including process enhancements and automation opportunities.

Knowledge

• Proven ability to analyze balance sheet and perform general ledger adjustments.
• Experience with data analytics, reporting tools, and/or regulatory reporting platforms is preferred.
• Represent the firm in industry advocacy forums regarding liquidity reporting initiatives.
• Ability to communicate complex regulatory and financial topics through executive-level presentations and written materials.
• Understanding of intercompany transactions performed across consolidated entities.
• Strong control framework and control check mindset.
• Ability to collaborate with other groups to identify exceptions and post adjustments (mirroring general ledger entries) in a short timeframe.
• 10+ years of work experience with related four-year degree.
• Understanding of liquidity concepts and regulatory reporting.

Working Model

Hybrid (#LI-Hybrid). We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Salary Range

$137,400 - 233,600 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.