- 115,000.00 - 145,000.00
- Jersey City, New Jersey
115,000.00 - 145,000.00
Jersey City, New Jersey
115,000.00 - 145,000.00 USD
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.
Major Duties
management of subcustodians, account operators, central depositories, payment banks and securities markets within our global network to support Northern Trust's asset servicing business. The key elements of the network manager role include risk management, commercial and relationship management, technical expertise, influencing market change and to develop market models in support of our clients and the bank. Network Management is part of the Digital Assets and Financial Markets group the open
The network manager is responsible for the
position sits within the Western Hemisphere regional Network Management team.
Responsibilities
- Managing and developing relationships with all agent banks and third party network providers e.g. subcustodians, account operators, central depositories, tri-party agents, payment banks.
- For all third party providers, manage service levels and perform
- due diligence risk assessments.
- maintain core risk management, relationship and expertise benefits, expand relationship generation, strengthen expertise on how markets operate, and support market advocacy.
- Perform onsite visits (travel required) to
- Ensuring assets are protected and held through correct account structures.
- Managing local market environment relating to the operational, legal, regulatory and infrastructure environment, and
- preparing/communicating
- Provision of consulting services to internal/external partners seeking information and guidance to navigate through operational, regulatory and infrastructure conditions associated with investing in global markets.
- Contribute to lobbying efforts to influence market change and developments.
- Support negotiation of legal documentation and lead fee reviews/negotiation.
- Where applicable, perform market provider RFPs and also new market reviews to support expansion of Northern's network coverage.
- Market evolution and digital assets to support (i) market evolution and industry change initiatives covering both traditional and digital assets, (ii) foster education in relation to market and digital asset evolution, and (iii) opportunity identification with agent banks, market infrastructures and other market entities.
- Strategically and operationally support Northern Trust business units.
Knowledge/Skills
- Proven knowledge and demonstrated expertise across global custody / securities services.
- Seasoned professional expert with extensive technical/business knowledge and functional expertise.
- Ability to manage external relationships.
- Comfortable presenting in front of subcustodians, clients and internal
- stakeholders/management.
- Demonstrate strong risk management competency level.
- Exceptional interpersonal and communication skills (written and oral).
- Demonstrate leadership/ownership skills.
- Organisation and time management proficiency.
- Successful project manager.
- Self-motivated and team player with a flexible attitude and adaptive approach.
Salary Range
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Salary range is an estimate of base pay. Northern Trust provides a comprehensive benefits package, including retirement and pension plan contributions, health and welfare benefits, paid time off, parental and caregiver leave, life insurance, and other wellbeing benefits
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 andapply
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
Apply today and talk to us about your flexible working requirements and together we can achieve greater.