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.
General Position Description:
Overall knowledge & Competencies Required:
Comprehensive understanding of the Trade Lifecycle/MFS Income & Re-reg/Daily Valuation operations
Knowledge on Financial Instruments such as Equity, Bonds, Mutual Funds, 401K funds etc…
Good understanding of Custody and Sub Custodian banking network
Knowledge of the Asset Servicing Practice would be considered as an advantage
Must have an eye for detail and should be able to carry out Quality Checks and report the same
Good verbal & written communication skills is a must
Must possess and demonstrate qualities of a team player
Should be able to multitask and handle pressure situations
Should understand the concept of Driving Performance
Good understanding and demonstrate A-Approach
QUALIFICATION
Major Duties:
Contribute towards implementing controls & procedures to mitigate risks, derived by performing an error analysis, measured through resultant improvements
Track & document process improvements including benefits, time saved & capacity utilization on a monthly basis
Implement initiatives or redesign existing process structure for process betterment / operational efficiency
Develop and maintain specific subject expertise, Good understanding of Swifts instructions, swift tags and provide inputs as required
Maintain risk management and control activities for their assigned group
Perform an internal risk audit or FMEA analysis on a quarterly basis for team
Aggressively investigate exceptions upon notification to ensure timely resolution to avoid aged exceptions and loss due to errors
Building effective working relationship with off-shore partners and other relevant partner areas
Pro-active & able to perform multi-task, provides hands on training for new staff and cross training for experienced staff
Ensures response/resolution is completed within the established deadlines/SLAs and appropriate priority levels are applied to key client deliverables
Provide inputs towards continuous improvement of procedures to maintain highest possible efficiency and risk mitigation
Assists client, partners and staff with complex problem resolution. Maintains technical knowledge of Custody workflow, Trade & Settlements,MFS,DV-OP`s and how the function relates to other operating areas
Maintains data for collation and provision of MIS
Participates /drives project(s) at Division or Practice level as assigned
This position supports the Trade and Settlements Division and reports to the Team Leader.
Minimum Requirements:
A Graduate from any discipline (Commerce background is preferred)
Minimum 24 months of experience in the Financial Services Industry (Please mention if previous work ex involved, relevant to Financial Services Industry )
Must be flexible to work in shifts and/or on a rotational basis
Shift Timing: Night Shift (6:30 PM IST to 3:30 AM IST).
Location - Pune and Bangalore
Eligibility
12 months as an Analyst II
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 [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.
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
- Comprehensive understanding of the Trade Lifecycle, MFS Income & Re-reg, and Daily Valuation operations
- Knowledge of financial instruments (Equity, Bonds, Mutual Funds, 401K funds)
- Good understanding of custody and sub-custodian banking network
- Good understanding of SWIFT instructions and SWIFT tags
- Experience maintaining risk management and control activities, performing internal risk audits/FMEA
- Ability to perform quality checks, error analysis, and investigate exceptions to resolution
- Strong verbal and written communication skills
- Ability to train new staff and cross-train experienced staff; team player
- Graduate degree (any discipline; commerce preferred)
- Minimum 24 months experience in the Financial Services Industry
- Flexible to work night shifts/rotational shifts (6:30 PM IST to 3:30 AM IST)
- Prior experience in Asset Servicing practice
- Eligibility: 12 months as an Analyst II
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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