Northern Trust
Consultant, Brokerage Ops
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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.
Role/Department
We are looking for an Operations professional to join our Agency Brokerage business and provide Operational Trade Support to our Sales and Trading teams as well as servicing our panel of Institutional Clients.
The role focuses on the Post-Trade life-cycle, from Trade Allocation to Pre-matching & Settlements across Global Markets working with a range of asset types and the reconciliations inherent to the activity.
The ideal candidate has specific knowledge and expertise typically gained through experience. They are expected to continue to build knowledge of the company, processes and clients and performs a range of assignments related to job discipline.
To make use of prescribed guidelines and policies when analysing situations and receive a moderate level of guidance and direction.
You would be joining an inclusive, dynamic, and multi-faceted client-facing team, set within our Global Capital Markets division, with the role situated on the Trading floor.
The key responsibilities of the role include:
- Analyses practical solutions using technical experience and judgment and precedent, applying them both to day-to-day problem solving, as well as forward-looking process enhancement
- Impacts a range of customer, operational, project or service activities within own team and other related teams
- Works within guidelines and policies, with a risk aware & averse mindset
- Manages the Operational setup for client and broker onboarding, ensuring the process is followed in a timely manner.
- Maintenance of Client Static data, including confirmation set up, commission rates in various markets, sub-account setup, booking preferences per market and client settlement instructions.
- Daily activities will include post-trade processing, following the lifecycle of a transaction from allocation through to settlement, as well as reconciliations
- Processing of full post-trade lifecycle for Equities, Fixed Income, and Exchange Traded Derivatives & Options.
- Manages internal and external party queries, such as from clients, counterparties, internal stakeholders,
- Matching and Settlement, closely monitors both market-side and client-side trade matching and settlement, resolving issues with clients and execution brokers, fixing mismatches and ensuring that settlement rates remain as close to 100% as possible in all markets. Commercial awareness of positions likely to incur debit interest is key to management of settlement risk, as well as an awareness of sensitive clients or high-value trades.
- Reconciliation and Position Management - ensures that as an agency broker, all of our accounts are flat of position and Profit & Loss at end of day, and that any error positions are documented and accounted for in accordance with regulations. This is a key risk management tool for the firm.
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Skills/ Qualifications:
The successful candidate will benefit from having:
- Has specific Brokerage Operations knowledge or expertise typically gained through education or equivalent experience.
- Requires expanded conceptual knowledge in own job discipline
- Understands key business drivers; uses this understanding to accomplish own work
- Ability to perform and deliver under strict deadlines
- Has an understanding of regional regulatory requirements, as well as business and industry risk frameworks,
- Applies internal and industry best practices
- Inclusive and collaborative mindset, thrives working within a vibrant team
- Prior industry experience required, within Middle to Back-Office Operations, and with instruments such as Equities, Fixed Income, and Exchange Traded Derivatives & Options.
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Work Authorization
Applicants must have the right to work in the United Kingdom at the time of application and for the duration of employment.
Please note that Northern Trust is unable to provide visa sponsorship for this role. This includes Skilled Worker visas, Global Business Mobility routes, Graduate visas, Youth Mobility Scheme, High Potential Individual visas, Scale-up Worker visas, Temporary Worker visas, and other employer-sponsored visa categories.
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 MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.
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