Sr Associate, Brokerage Ops

ntrs; Chicago (IL); On-site; USD 68,000 - 112,000; Full time

Benefits offered by this job

401k and pension

Health benefits

Discretionary bonus program

Paid time off

Job summary

Northern Trust in Chicago is seeking a skilled brokerage operations professional to provide end-to-end support across trade execution, settlement, and confirmation, coordinating with Client Integration, Compliance, Sales Trading, and Operations.

The role involves maintaining client data, reviewing documentation for accuracy and regulatory compliance, booking and allocating transactions, monitoring settlement performance, and contributing to process improvements within a collaborative, inclusive

Responsibilities

• Provide end-to-end brokerage operations support from trade execution through settlement.
• Manage the account opening process with cross-functional teams.
• Maintain client static data and configuration.
• Review documentation for accuracy and regulatory compliance.
• Book out and allocate transactions to client accounts.
• Monitor settlement performance and resolve mismatches.
• Support daily reconciliation and position management.
• Analyze complex issues and escalate risks when needed.
• Contribute to process improvements across the team.

Skills

Brokerage operations

Trade settlement

Client data management

Tools

Central Trade Manager

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.

Key Responsibilities

Major Duties

• Provide end-to-end brokerage operations support from trade execution and book-out through allocation, confirmation, settlement, and reconciliation.
• Manage the account opening process in partnership with Client Integration, Compliance, Sales Trading, and Operations teams to ensure timely and accurate completion of required steps.
• Maintain client static data, including confirmation setup, commission rates across markets, sub-account configuration, booking preferences, and client settlement instructions.
• Review documentation and account activity for accuracy, completeness, and compliance with internal procedures and applicable regulatory expectations.
• Book out and allocate equity, fixed income and option transactions to the appropriate client accounts, ensuring timely confirmation through Central Trade Manager or manual confirmation workflows.
• Monitor market-side and client-side trade matching and settlement, identify exceptions, resolve mismatches, and work with clients, execution brokers, and internal teams to support high settlement performance.
• Apply commercial awareness to settlement risk, including high-value trades, sensitive clients, debit-interest exposure, and time-critical market requirements.
• Support daily reconciliation and position management to ensure agency brokerage accounts are flat of position and profit/loss at end of day, with any error positions documented and handled in accordance with regulatory and internal control requirements.
• Analyze complex issues using multiple sources of information, identify practical solutions, and escalation matters appropriately when risk, client impact, or business impact is identified.
• Contribute to process improvement, operational efficiency, and control enhancements across the team, including support for large, complex, or cross-functional projects.
• Partner with colleagues across related teams to support service delivery, strengthen team dynamics, and promote consistent execution of brokerage operations standards.

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.