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.
Job Description for Senior Analyst, IOO_Market OperationsRole Overview:The Senior Analyst in Investment Operations Outsourcing (IOO), Market Operations, is responsible for independently executing and overseeing trade lifecycle activities, ensuring timely and accurate settlements, and proactively mitigating operational risks. The role requires strong product and process knowledge across Trade, FX, Cash, and Settlements, with the ability to resolve complex exceptions and support governance and control requirements.
Key Responsibilities- Independently support prematching, confirmation, settlement, and post‑settlement activities across equities, fixed income, FX, and related asset classes.
- Own end‑to‑end processing from confirmation through settlement, ensuring accuracy, timeliness, and adherence to market cut‑offs.
- Validate and match trade details with brokers, custodians, clearing houses, and internal systems.
- Investigate and resolve trade breaks, settlement fails, cash breaks, and discrepancies, coordinating with counterparties and internal teams.
- Identify and mitigate settlement risk, counterparty risk, and currency risk, escalating material or aged issues appropriately.
- Act as the first point of escalation for Analysts, providing guidance and resolution support before further escalation to Technical Coordinators or Team Leaders.
- Provide clear status updates and recommended actions when escalating unresolved or high‑risk items.
- Execute processes in line with approved SOPs and DPAD documentation, ensuring control discipline and audit readiness.
- Ensure operational adherence to applicable regulations and market standards.
- Support internal controls and best practices designed to minimize operational, financial, and client risk.
- Perform and oversee ledger postings to books of accounts, identify cash and stock breaks, and ensure timely investigation and resolution.
- Identify recurring issues, manual touchpoints, and control gaps; propose process improvements and efficiency enhancements.
- Support automation and change initiatives by providing functional insights, test support, and BAU validation.
- Provide training, coaching, and day‑to‑day guidance to Analysts, supporting skill development and consistent execution of best practices.
- Act as an operational contact for brokers, custodians, investment managers, and internal stakeholders for issue resolution and clarifications.
- Collaborate effectively with Front Office, Risk, Compliance, and internal Operations teams to resolve market operations queries.
- Demonstrate resilience and sound judgement while operating in a high‑volume, time‑critical environment.
- Bachelor’s degree or equivalent relevant work experience in Finance, Economics, Business, or a related field.
- 3+ years of experience in banking or investment operations, with exposure to Trade, Cash, FX, or Settlements.
- Strong working knowledge of trade and forex lifecycle processes, settlement cycles, and cash flows.
- Familiarity with settlement and market infrastructure platforms such as SWIFT, CLS, DTCC, Euroclear, CREST, or equivalent.
- Strong analytical and problem‑solving skills with the ability to manage multiple priorities.
- Flexibility to support North America shifts (7:30 PM or 10:30 PM IST).
- For internal, minimum 2+years in the current role as Analyst or lateral role with 1+years of experience.
- Analytical & Problem‑Solving: Ability to assess complex discrepancies and drive effective resolution.
- Attention to Detail: High accuracy in trade processing, cash handling, and risk assessment.
- Communication: Clear and professional verbal and written communication with internal and external stakeholders.
- Time Management: Ability to manage multiple priorities under tight deadlines.
- Process Improvement Mindset: Proactive approach to identifying efficiency and control enhancements.
- Client Awareness: Strong understanding of client impact, SLAs, and service expectations.
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 [email protected].
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.
About Our Bangalore Office
The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees. In this stunning office, space, we offer fantastic amenities which include our Arrival Hub – Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.
Skills Required
- Bachelor's degree or equivalent in Finance, Economics, Business, or related field
- 3+ years of experience in banking or investment operations with exposure to Trade, Cash, FX, or Settlements
- Strong working knowledge of trade and forex lifecycle processes, settlement cycles, and cash flows
- Familiarity with settlement and market infrastructure platforms such as SWIFT, CLS, DTCC, Euroclear, CREST
- Flexibility to support North America shifts (7:30 PM or 10:30 PM IST)
- Strong analytical and problem-solving skills and ability to manage multiple priorities
- High attention to detail in trade processing, cash handling, and risk assessment
- Clear and professional verbal and written communication with internal and external stakeholders
- Experience with ledger postings, identifying cash and stock breaks, and timely investigation and resolution
- Ability to provide training, coaching, and day-to-day guidance to Analysts
- For internal candidates: minimum 2+ years in current role as Analyst or lateral role with 1+ years experience
Northern Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northern Trust and has not been reviewed or approved by Northern Trust.
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Retirement Support — A 401(k) with company match alongside an employer‑funded defined‑benefit pension is highlighted in employer‑verified materials and filings, setting the retirement package apart from many private employers.
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Leave & Time Off Breadth — PTO is portrayed as solid overall, and two paid volunteer days per year are clearly documented across corporate materials.
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Parental & Family Support — Company sources and postings reference paid parental and caregiver leave and recent enhancements to parental benefits, indicating meaningful family support within the package.
Northern Trust Insights
What We Do
As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence. Since our roots as a trust bank, we’ve grown to a global presence with more than 24,000 employees in more than 20 countries and across six core business units: Wealth Management Asset Management Asset Servicing Technology Corporate Functions Enterprise Operations Join a Team That’s Achieving Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done. Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you. Delivering value and adhering to our enduring principles What are enduring principles? Since our founding, they have guided our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity . What does this mean? Service Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results. Expertise Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions. Integrity Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.
Why Work With Us
At Northern Trust, we go further because we go together. We embrace flexibility, encourage balance, and prioritize inclusion at all levels, working together to keep you connected. We are committed to our employees—all 24,000 of them. Whether this is a first step or a bold new leap in your career, we’re here to help you move forward.
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