Sr. Analyst, Securities Services

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 the

account 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 members 

The 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.

Qualifications

Experience 

•             1-3 years of Industry experience 

Experience 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).

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.