Sr Analyst, MO Trade Operations IPS

Northern Trust Corp; Chicago, Northern (IL, KY); Hybrid; USD 53,000 - 79,000; Full time

Job summary

Northern Trust is seeking a Middle Office Trade Operations Sr Analyst in Chicago to ensure accurate capture, confirmation and settlement of trades. The role requires a mature, self-starting professional who can handle multiple tasks in a fast-paced environment with strong ethics.

The successful candidate will resolve discrepancies, manage cash flows, and communicate effectively with internal and external audiences while maintaining high standards of service and integrity.

Qualifications

• Bachelor’s degree strongly preferred and 3+ years of trade operations experience.
• Strong communication and analytical skills are required.
• Proficiency with MS Office applications is expected.

Responsibilities

• Monitor trade posting process.
• Monitor trade affirmation process to ensure proper allocation/delivery from counterparties.
• Identify and resolve transaction discrepancies between client and counterparties.
• Manage cash flows related to trades and transactions, including lifecycle events.
• Review bookings of corporate actions and dividends/coupons for accurate position and P&L attribution.
• Review of cash and position reconciliations.

Skills

Exceptional written and oral comms

Excellent people skills

Strong analytical skills

Intellectually curious

Ability to handle multiple tasks under

Meticulous attention to detail

Time management

Professional communication

Education

Bachelor’s degree strongly preferred

Three years of industry experience in trade operations

Tools

Microsoft Outlook

Microsoft Word

Microsoft Excel

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.

Job Summary:

The Middle Office Trade Operations Sr Analyst plays a key role in the trade lifecycle by ensuring the accurate and timely capture, confirmation, and settlement of trades. The successful candidate will be a mature self‑starter who has demonstrated the ability to function independently in a fast‑paced, dynamic and demanding environment. This person needs to be able to resolve conflict within a short period of time. This person will be intellectually curious, intuitive, trustworthy and have the highest ethical standards. In addition, he/she will be effective addressing a number of internal and external audiences in a professional manner. This person will add value by working on a number of simultaneous tasks with minimal supervision and exemplary follow‑through.

Key Responsibilities:

1. Monitor trade posting process
2. Monitor trade affirmation process to ensure proper allocation/delivery from counterparties
3. Efficiently identify and resolve transaction discrepancies between client and counterparties
4. Manage the cash flows associated with trades and transactions, including life cycle events
5. Review booking of corporate actions and dividends/coupons to ensure accurate position and p/l attribution
6. Review of cash and position reconciliations

Knowledge:

1. Exceptional written and oral communication skills
2. Excellent people skills
3. Proficiency in Microsoft Outlook, Word, and Excel (ability to create macros is a plus)
4. Strong organizational skills, meticulous attention to detail and effective time management skills
5. Ability to handle multiple tasks under extremely time sensitive conditions
6. Excellent analytical skills
7. Intellectually curious

Experience:

1. Bachelor’s degree strongly preferred
2. Three years of industry experience in trade operations
3. Hold themselves accountable and is passionate about delivering high quality work and servicing clients

Salary Range:

$52,800 - 79,200 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).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve. Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Looking for greater? You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work‑life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

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.

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non‑discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EOO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non‑discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.)