• Chicago, Illinois

Chicago, Illinois

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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.

This position is responsible for the documentation and preparation of complex liquidity regulatory reports specifically the FR 2052a. Prepares required reporting for applicable regulatory bodies, and regulatory information for inclusion in board reports, news releases, and public financial reporting. Advises business unit Senior Management on regulatory implications of proposed transactions. Works closely with a number of teams across the Bank Finance, Accounting, Controllers as well as global Treasury partners.

Major Duties

  • Responsible for owning the daily production of the FR 2052a submission to the Federal Reserve. Requires close coordination with Controllers, Technology and Global Accounting teams. Responsible for owning and maintaining Procedures and Standards to ensure regulatory compliance with applicable regulatory bodies and reporting requirements are met.
  • Research and analyses day over day balance sheet movements and accounts out of balance with the goal of remediating in a short timeframe.
  • Production of daily and monthly MIS liquidity reporting to broad distribution including Senior Management Committees including Corporate Asset and Liability Management Committee
  • Advises business unit senior management on regulatory implications of proposed transactions and new product offerings.

Knowledge

  • Proven ability to analyze balance sheet and perform general ledger adjustments.
  • Strong control framework and control check mindset.
  • Ability to identify and mirror general ledger entries into regulatory liquidity processes.
  • Thorough business knowledge, previous corporate accounting or controllers experience, 4-5 years' work experience with related four-year degree.
  • Prefer understanding of liquidity concepts.

#LI-Hybrid

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

MyHRHelp@ntrs.com

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.