Sr. Analyst, Special Assets - Trust Loan Group

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 Title: Sr. Analyst, Special Assets - Trust Loan Group

Description:

The key responsibilities of the role include:

• Perform research and resolve inquires timely and accurately related to loan transaction processing, set ups, etc.

• Ability to process loan/liability set ups timely and accurately ensuring loan/liability is set up on FIS and Trust Servicing systems.

• Review daily reports to identify and correct any issues on loans/liabilities that may arise between FIS and IMS systems. Notify trust loan team of discrepancies for follow up.

• Process loan payments received within 24 hours of receipt and within daily timeframes for processing. Ensure all loan information is updated accurately after payment processing. Review and process the Trust Liability Payments Report daily and within daily timeframes for processing.

• Submit all loan documentation received for new loan/liability setups to imaging and follow up documents have been imaged correctly.

• Performs compliance functions as directed by division management.

• Completes other administrative functions as needed or requested.

• Assists with the resolution of audit and regulatory issues as required within agreed timeframes.

• Identifies, assesses and escalates compliance issues/concerns to supervisor.

• Able to facilitate discussions and reach decisions.

• Assists with system development, testing and training as needed.

• Maintain mastery of, and assists with the documentation of, policies and procedures.

Additional opportunities for growth within the role could include:

• Assists asset managers with the management of the specialty assets for the Trust Loan Group.

• Track due dates, deadlines and expirations and work with asset managers to insure timely completion of tasks.

• Assists Asset Managers in the collection of information necessary for the completion of Annual Investment Reviews communicating as necessary with partners and outside third parties.

Qualifications:

The successful candidate will benefit from having:

• A College or University degree and 1-3 years of proven work experience is preferred but not required.

• Knowledge of specific area of practice useful, usually acquired through formal education or work experience.

• Proficient in the use of Excel and maintaining spreadsheets.

• Analytical and communication skills required to analyze and summarize information and effectively communicate with partners and third parties.

• Organizational skills required to coordinate compliance activities and strong attention to detail.

• Ability to work efficiently and accurately when workload is heavy.

• Able to deliver a work product that requires minimal revisions.

• Able to facilitate discussions, make recommendations and reach decisions.

• Motivated to gather and analyzes data to identify and solve complex problems that arise with little or no precedent.

Work Hours: 7:30 am to 3:30 pm. This role is 5-day in-office position in the Phoenix office.

Salary Range:

$53,010 - 84,930 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 [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.