About Northern Trust
Established in 1889, Northern Trust is a globally acknowledged, award-winning financial institution that has been in operation for over 130 years. As a Fortune 500 company, Northern Trust has built its reputation by providing innovative financial services and guidance to some of the world’s most successful individuals, families, and institutions. Upholding the enduring principles of service, expertise, and integrity, Northern Trust has over 22,000 partners worldwide who utilize leading technology and offer exceptional service to serve the needs of their sophisticated clients.Here
Working at Northern Trust
At Northern Trust, employees operate under general supervision but are encouraged to work independently most of the time. Their responsibilities include handling and processing of routine transactions such as transactions processing, document processing, investor services, opening new business, and maintaining and reviewing documentation on existing accounts.
Employees at Northern Trust are technically competent, and are often the first point of reference for day-to-day queries. They also serve as a liaison to related areas. The role requires excellent analytical, consultative, communication, and judgment skills. Furthermore, they assist in the preparation of documentation required for audits and carry out complex activities that have significant financial, client, or internal business impact.
Hybrid Working Model
Northern Trust promotes a balanced hybrid working model to ensure flexibility for its employees. The successful candidate will spend their time between working in the office and working from home, allowing for a healthy work-life balance.
Major Duties at Northern Trust
Employees at Northern Trust are tasked with a variety of responsibilities. These include supporting tax documentation, withholding, and reporting activities by reviewing data, identifying discrepancies, and ensuring information is complete and accurate in accordance with established procedures. They also assist with tax-related reconciliations, reporting support, and documentation preparation, including audit and regulatory support activities.
Northern Trust employees perform operational support related to retirement and account tax maintenance, escalating issues and exceptions as appropriate. They review IRS correspondence, notices, and system discrepancies, assisting with research and resolution in partnership with internal teams. Furthermore, they support general ledger and reconciliation activities by reviewing transactions and identifying variances for follow-up.
Knowledge and Experience
Excellent oral and written communication skills are required for a role at Northern Trust, in addition to a thorough understanding of banking procedures and regulations. Analytical and problem-solving skills are also essential. An understanding of risk mitigation and management practices is preferred, along with the ability to work as part of a team with minimal supervision.
A College or University degree and proven Banking Operations work experience is preferred for a role at Northern Trust, as is a related Industry qualification such as ACCA.
Working with Northern Trust
As a Northern Trust partner, there are opportunities for greater achievements. The organization promotes a flexible and collaborative work culture, strengthened by its financial stability. Movement within the organization is encouraged, and senior leaders are accessible. Employees can take pride in working for a company committed to assisting the communities they serve. Northern Trust values an inclusive workplace and understands that flexibility means different things to different people.
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If they need a reasonable accommodation for any part of the employment process, the HR Service Center is always ready to assist.
About Northern Trust’s Tempe Office
The Northern Trust Tempe office opened in 2015 with 75 employees and has since grown to serve over 75 different business functions with more than 700 employees. Recognized as a Global Capability Center, the team delivers exceptional value, quality, expertise, and innovation through its diverse talent.
