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.
Updated Job Description
Derivatives Associate Consultant
The Opportunity
As an Associate Consultant in the Derivatives Practice, you will have broad, in-depth knowledge of the business, be technically competent to act as a first point of reference for day-to-day queries and serve as a liaison to related areas. You will carry out relatively complex, extensive, high-profile activities and direct interaction with clients, partners and senior management. You will demonstrate excellent analytical, consultative, communication and judgment skills. You may manage a function, lead projects and/or train lower-level staff. In this role, you will operate until general supervision, but independently most of the time.
The Impac
t
- Provides dedicated, specialized reconciliation break identification and resolution activity
- Be a single point of contact to understand operational health and support for client
- Performs timely exception resolution and narration on open break items
- Consistently works to reduce break resolution turnaround time
- Identifies recurring items and themes and works to mitigate issues and implement preventative measures
- Works effectively both as a team member and an independent, self-motivated individual
- Serves as a Subject Matter Expert and mentors junior level employees
- Identifies opportunities for improvement within existing technology applications and acts as a liaison with Partner areas to drive resolution
- Focuses on maintenance and implementation of policies and procedures in the function, building towards becoming an area expert
- Independently builds relationships with internal and client contacts
- Acts as escalation point of contact for client issues or inquiries
- Understands current Service Level Agreements (SLAs) that are directly related to job function(s)
The Minimum Qualifications
- High School Diploma
- Excellent oral and written communication skills
- Proven ability to prioritize and multi-task
- Analytical with excellent problem-solving skills
- Knowledge of financial services, asset management and/or investment operations
- Detail oriented
- Works with a sense of urgency
- Functional / Industry Knowledge is required
The Ideal Qualifications
- Associate or bachelor's degree
- 5+ years of relevant work experience
- Previous Financial Industry Operations, Asset Management and/or Investment Operations experience
- Proven ability to build strong relationships with partners on site/ across business lines/ juniors and seniors
- A proactive approach to problem solving, taking ownership of issues and having the determination to follow through. Escalate issues as appropriate
- General knowledge of Derivatives
- Exposure to business process and/or technology enhancement initiatives
- Competencies in one or more of the following is preferred Bloomberg, GMI, , Summit, OCC
- Experience with exception resolution
- Exposure and understanding of Risk, Audit and Compliance factors
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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.