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.
The Senior Liquidity Management Trader is a Certified Person (CP) that will be responsible for maintaining the Bank’s Liquidity reserve position and clearing balance for all managed currencies.
For all actively managed currencies:
- Managing the balance sheet liquidity by executing trades with external counterparties via money market instrument including fixed term deposits, repurchase agreements, short term Government Bills and Foreign Exchange Swaps.
- Reacting to any incoming/outgoing deposit flows to ensure the balance sheet is managed prudently.
- Assisting in the management of the longer dated HQLA securities portfolio managed within the International Treasury team. Asset classes include Supranational, Sovereign and Agency securities along with covered bonds and ABS.
- Working with Global Counterparty Credit to ensure the investable universe is diverse and maximises investment opportunities.
- Assisting in determining the interest rates the Bank will pay on deposits via market trading knowledge and investment options.
- Employing funding strategies to achieve the lowest cost funds, within established liquidity constraints, for the Bank.
- Monitoring market conditions via Bloomberg, news sources, communications and analysis from brokers/dealers and counterparties. Update spread levels for input into the Investment portfolio strategy.
- Managing the utilization of the Bank’s securities and loan collateral to support borrowings, regulatory requirements and participation in various Financial Market Utilities.
- Acting as a liaison to the various Central Banks regarding the execution of direct transactions (discount window borrowings, investments, etc.), collateral management, and other issues.
- Compiling data from financial management to understand and communicate drivers of balance sheet changes.
The skills and capabilities needed for the selected candidate include:
- Proven experience in market operations trading
- Expanded conceptual knowledge of markets and market activity
- An understanding of key business drivers; using this understanding to accomplish own work
- An ability to explain complex information to others in straightforward manner
- Knowledge of Central Bank monetary policy and practices, interest rates, foreign exchange and credit markets and theory to monitor and manage cash positions in various currencies
- Knowledge of banking operations, usually acquired through experience, to understand and project balances and positions.
- Knowledge of Bloomberg beneficial though not essential
- Analytical skills are needed to resolve exceptions.
- An ability to use various software packages to compile data for reports and to purchase and sell funds.
- An ability to apply a wide variety of financial analysis and economic methodologies to understand and interpret market behaviour and make financial decisions.
- Thorough business knowledge, acquired through work experience preferably in the financial markets or in bank operations.
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.
Skills Required
- Certified Person (CP) designation
- Proven experience in market operations trading
- Experience executing money market instruments (fixed term deposits, repos, government bills, FX swaps)
- Knowledge of Central Bank monetary policy, interest rates, FX and credit markets
- Knowledge of banking operations to project balances and positions
- Ability to monitor market conditions and update spread levels using Bloomberg and other sources
- Analytical skills to resolve exceptions and interpret market behaviour
- Ability to use various software packages to compile reports and execute trades
- Ability to explain complex information clearly to stakeholders
- Experience managing collateral, borrowings, and participation in Financial Market Utilities
- Thorough business knowledge preferably gained in financial markets or bank operations
- Knowledge of Bloomberg (beneficial)
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 — Retirement offerings are positioned as a standout, with a 401(k) plus an additional employer-funded pension described as a differentiator. This combination is repeatedly framed as a meaningful offset within total rewards, especially for long-term financial security.
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Leave & Time Off Breadth — Time-off benefits are depicted as generous, spanning paid time off, holidays, and dedicated paid volunteer time. The breadth of leave options is highlighted as a consistent strength that supports work-life balance.
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Healthcare Strength — Health coverage is characterized as comprehensive, typically including medical, dental, vision, and mental-health support through an assistance program. The offering is portrayed as robust and family-supportive, with multiple plan options in some descriptions.
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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