Sr. Analyst, Securities Services

Northern Trust Corp; Chicago (IL); Hybrid; USD 48,000 - 71,000; Full time

Benefits offered by this job

Comprehensive benefits package

Discretionary bonus program

Job summary

Northern Trust in Chicago, IL seeks a Sr. Analyst in Securities Services to onboard new clients and set up accounts for mutual funds and CITs via automated platforms or funds directly.

The role focuses on asset movement, account coordination, and processing complex transactions with internal partners and external funds. Ideal candidates will have 1–3 years of industry experience, strong analytical and communication skills, and be able to work under pressure while ensuring accuracy and timely

Qualifications

• 1-3 years of industry experience.
• Experience with 401(k), Retirement planning, Mutual Funds, NSCC, Fund of Funds and Exchange Funds.

Responsibilities

• Onboard new clients and set up accounts.
• Process domestic and international wires, retirement distributions, conversions, free deliveries, DWACs and DRS.
• Coordinate with front office, institutional and retail representatives; ensure timely execution of workflows.

Skills

Transaction processing

Account transfers

Client onboarding

Attention to detail

Analytical skills

Communication skills

Mentoring juniors

Process improvement

Job description

## Sr. Analyst, Securities ServicesApply: Chicago, IL: Full time: Posted Today: R161473**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. This individual will be working within the Mutual Funds and Daily Valuations team; the individual is responsible for the onboarding and set-up of new clients that trade Mutual Funds and CIT’s via automated platforms or direct with the funds. They will be responsible for understanding the various system that are utilized within the Company and external Fund companies to execute theaccount set-ups. They will also work directly with clients, internal partners record-keepers and external funds in processing complex transactions and executing various operational functions. The team also serves as a first point of contact for client facing partners and Relationship Managers covering all business segments at Northern Trust.The role will focus on asset movement and account set-up, NSCC and Settlement agreement, client restructures, exchange funds, and stock movement; or new account client onboarding and maintenance; as well as piloting and testing new products and systems. The focus of this role can change based on the needs of the operations team and it is likely to include the need to participate in projects and train other team membersThe successful candidate must have the knowledge to interpret policies/procedures, an ability to work under pressure completing time-critical tasks, be comfortable working on their own and as part of a team and possess an eye for detail. The candidate will need to demonstrate sound judgment, know when to escalate exceptions and issues to Management, possess strong analytical and communication skills, and the approach of getting all tasks right first time.Knowledge/skills: • 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.QualificationsExperience• 1-3 years of Industry experienceExperience working Knowledge of 401K, Retirement planning, Mutual Funds,NSCC, Fund of Funds and Exchange Funds.Salary Range:$47,500 - 71,300 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).