Trading operations consultant

Full job description

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role Summary:

A successful candidate would be a motivated, detail orientated individual who strives for efficiency and accuracy within trading operations. They would be responsible for piloting our order generation, portfolio accounting, and client workflow tools to rebalance portfolios within portfolio manager and client guidelines. This includes completing client requests, ensuring timely execution of portfolio manager directed model changes, and daily tracking of account activity compared to model subscription. They would uphold meticulous daily trade operations in several respects: Portfolio servicing and onboarding, portfolio drift analysis, compliance, accounting and reconciliation, data integrity, internal and external model managers, technology, and support. Additional responsibilities include partnering with other departments to resolve exceptions and build operational scale. The candidate should also have a strong understanding of investment products, trade life cycle, and investment operations.

Primary Duties and Responsibilities

• Daily rebalancing of portfolios to account for model updates, cash flows and investment objective changes

• Process portfolio onboarding and terminations

• Implement portfolio model changes and block trades

• Daily portfolio drift analysis and trade executions

• Work with model mangers to resolve target allocation discrepancies and communicate trade executions

• Model portfolio delivery operations

• Paper portfolio trade executions

• Drive to mitigate risks of trade errors and market exposure

• Review and adapt operational processes to increase scale and efficiency

• Occasional onboarding external overlay and model platforms

• Participate in system testing to ensure application and workflow enhancements are successfully implemented

• Maintain appropriate procedural documentation

Necessary Knowledge and Skills:

• Highly thorough when carrying out complex activities with significant financial, client, and/or internal business impact

• Ability to efficiently prioritized time sensitive tasks and escalate as necessary

• Composed demeanor in high stress situations

• Ability to clearly and effectively communicate challenges and opportunities to senior management

• Goal orientated with the drive to follow improvements through to resolution.

• Technical skills and systems knowledge with an aptitude to quickly learn new trading applications

• Ability to partner with the technology and operational support teams to make improvements

• In-depth industry knowledge

• Highly flexible and adaptable to change

Necessary Experience and Education:

• A College or University degree and/or relevant investment management work experience is preferred.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at .

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.