Sr Associate, Brokerage Operations

Northern Trust; Chicago (IL); Hybrid; USD 67,500 - 111,500; Full time

Job summary

Northern Trust is seeking a detail‑oriented professional to provide operations support and client service for its global brokerage business. The role emphasizes day‑to‑day trade processing, book‑out, allocation, settlement and reconciliation, with a focus on accuracy and adherence to guidelines.

Ideal candidates will have a college degree and prior financial operations experience, along with FINRA license requirements or the ability to obtain them.

Qualifications

• A College or University degree and/or relevant work experience is required.
• Prior industry experience, preferably in a financial operations role is preferred

Responsibilities

• Responsible for Operations support and client service for the global brokerage business. Focuses on the day-to-day processing of trades from the point of book-out and allocation, through to settlement and reconciliation of accounts, and all other brokerage operations functions.
• Continues to build knowledge of the company, processes and clients. Performs a range of assignments related to job discipline. Uses prescribed guidelines or policies in analyzing situations. Receives a moderate level of guidance and direction. Carries out activities with moderate financial, client and/or internal business impact.
• Writes and maintains high quality procedure documentation
• Assists in training new starters within the team

Skills

Brokerage operations knowledge

FINRA licensing knowledge

Education

College or University degree

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.

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.

Summary

Responsible for Operations support and client service for the global brokerage business. Has specific knowledge or expertise typically gained through formal education or equivalent experience. Focuses on the day-to-day processing of trades from the point of book-out and allocation, through to settlement and reconciliation of accounts, and all other brokerage operations functions.

Continues to build knowledge of the company, processes and clients. Performs a range of assignments related to job discipline. Uses prescribed guidelines or policies in analyzing situations. Receives a moderate level of guidance and direction. Carries out activities with moderate financial, client and/or internal business impact.

Major Duties

• Solves problems in straightforward situations
• Analyzes possible solutions using technical experience and judgment and precedents
• Impacts a range of customer, operational, project or service activities within own team
• Works within guidelines and policies
• Writes and maintains high quality procedure documentation
• Assists in training new starters within the team
• Asks questions, challenges existing processes, offers ideas

Working Model

Hybrid

Knowledge

• Requires expanded conceptual knowledge in own job discipline
• Understands key business drivers; uses this understanding to accomplish own work
• Explains complex information to others in straightforward situations
• Has specific brokerage operations knowledge or expertise typically gained through formal education or equivalent experience.
• Has an understanding of regional regulatory requirements.
• Applies best practices and how own area integrates with others
• Provides informal guidance to new team members
• FINRA licenses required (US): 99; 7 and 63 are preferred, or the ability to obtain within 90 days

Experience

• A College or University degree and/or relevant work experience is required.
• Prior industry experience, preferably in a financial operations role is preferred

Salary Range

$67,500 - 111,500 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.

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.