Trader, Brokerage
015 Northern Trust Securities, Inc
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Benefits offered by this job
Job summary
Northern Trust is seeking a Trader to execute and oversee institutional equity trading across the Americas. You will work with PMs, sales traders, and brokers to ensure high-quality execution within risk controls and regulatory requirements.
The role emphasizes strong market judgment, understanding of liquidity and market structure, and collaboration across desks, with a focus on risk management and operational discipline.
Qualifications
- Bachelor's degree or equivalent experience.
- Minimum 3 years of institutional equity trading or related market experience.
- FINRA Series 7, 57, and 63 licenses required.
- Strong understanding of equity market structure, liquidity dynamics, and algo trading strategies.
- Excellent communication and relationship management with institutional clients.
Responsibilities
- Execute institutional equity orders across market conditions following client instructions and best execution standards.
- Determine execution strategies, broker selection, and algorithm usage based on liquidity and trading objectives.
- Partner with portfolio managers, trading colleagues, and sales traders to ensure seamless trade flow.
- Monitor execution quality, identify risks, and elevate concerns as appropriate.
- Operate within trading limits, entitlements, and control frameworks while maintaining compliance.
- Support audits by documenting trading decisions, rationale, and outcomes.
- Utilize pre-trade and post-trade analytics to inform trading decisions.
- Improve trading workflows, controls, and technology for execution quality.
Skills
Education
Job description
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.
The Trader is responsible for executing and overseeing institutional equity trading activity across the Americas. The role requires sound execution judgment, a strong understanding of market structure, and the ability to operate effectively within established best execution, risk, and control frameworks. The Trader works closely with portfolio managers, trading colleagues, and sales traders to deliver high-quality execution outcomes while maintaining a disciplined focus on risk management, operational excellence, and regulatory compliance.
- Execute institutional equity orders across market conditions while adhering to client instructions and best execution standards.
- Determine appropriate execution strategies, broker selection, and algorithm usage based on liquidity, market conditions, and trading objectives.
- Partner with portfolio managers, investment teams, and regional trading desks to ensure seamless trade flow and clear communication throughout the trading lifecycle.
- Monitor execution quality, identify risks, market developments, and operational issues, and elevate concerns as appropriate.
- Operate within established trading limits, entitlements, and control frameworks while maintaining compliance with firm policies and regulatory requirements.
- Support audit, compliance, and regulatory reviews through accurate documentation of trading decisions, execution rationale, and outcomes.
- Utilize pre trade and post-trade transaction cost analysis, along with other execution analytics, to inform trading decisions and evaluate execution performance.
- Improve trading workflows, controls, processes, and technology that support execution quality and operational effectiveness.
- Maintain productive relationships with brokers, counterparties, and internal stakeholders to support execution and market intelligence gathering.
- Communicate execution strategies, market insights, and trading outcomes to internal and external stakeholders.
- Bachelor's degree or equivalent experience.
- Minimum 3 years of institutional equity trading, sales trading, or related buy side or sell side market experience.
- CFA, MBA, or other advanced credentials are preferred.
- Experience with trading data, analytics, and execution technology is also preferred.
- FINRA Series 7, 57, and63 licenses required.
- Strong understanding of equity market structure, liquidity dynamics, execution venues, and algorithmic trading strategies.
- Demonstrated ability to manage order flow and make sound execution decisions in fast changing markets.
- Proven commitment to best execution, risk management, and operational discipline.
- Strong communication and relationship management skills, with the ability to interact effectively with institutional clients and internal stakeholders.
- Experience utilizing execution analytics and transaction cost analysis to evaluate trading outcomes and support decision making.
Salary Range: $116,100 - 197,300 USD Salary range is a good faith estimate of base pay.
North 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. North Trust also provides a discretionary bonus program that may include an equity component.
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).
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.
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 MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.
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.
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.
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.
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.
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).
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