About Northern Trust
Recognized globally and well-esteemed in the financial world, Northern Trust secures a spot on the Fortune 500 list as an award-winning financial institution. The company has an impressive history dating back to 1889, boasting more than 130 years of financial experience. With over 22,000 partners globally, Northern Trust is committed to delivering innovative financial services and guidance to its clientele. This dedicated client base includes the world’s most successful individuals, families, and institutions.
By adhering to the enduring principles of service, expertise, and integrity, Northern Trust continues to uphold its reputation for excellence. The use of leading technology and exceptional service further enhances the company’s ability to serve the world’s most sophisticated clients.
Job Opportunities at Northern Trust: Associate Specialist
At Northern Trust, an exciting opportunity has opened for an Associate Specialist in the Fixed Income & Bank Debt, Middle Office Asset Servicing, Alternative Fund Services. This role is within the rapidly expanding Northern Trust Hedge Fund Services, a global fund administrator specializing in administering assets of complex hedge funds.
The ideal candidate for this role is an ambitious self-starter who can effectively function as a strategic team member in a dynamic, fast-paced, and demanding environment. The Associate Specialist will be responsible for supporting the bank loan trade closing process, life cycle event processing, and reconciliations. Delivering excellent client service daily through operational process execution and improvement, as well as professional communication, is a key expectation for the role.
Key Duties and Responsibilities
- Supporting multiple clients within a fast-paced, challenging environment
- Liaising with clients, counterparties, and agents to facilitate the closing of syndicated bank loan trading activity on ClearPar
- Verifying, processing, and reconciling trading and lifecycle activities for syndicated and private bank loan investments
- Monitoring and maintaining bank debt positions to ensure accurate P&L for financial reporting
- Building and strengthening internal and external relationships
Knowledge / Skills
- Ability to work independently and cooperatively within a team environment
- Client-focused
- Ability to handle multiple tasks simultaneously and with accuracy
- Excellent written and oral communication skills
- Ability to meet time-sensitive deadlines with an appropriate sense of urgency
- Detail and process-oriented
- Proficient in Microsoft Excel and other MS Office applications
- Experience with ClearPar and Bank Loan Closing is strongly preferred, and familiarity with LSTA closing documents is preferred
Experience and Compensation
The ideal candidate will have a Bachelor’s degree in Finance, Accounting or related field with a GPA of 3.0 or higher. 5 to 10 years of relevant operational experience supporting syndicated, leveraged, and/or private loans is required. The salary range for this position is $95,600 – $162,400 USD.
Northern Trust provides a comprehensive benefits package, including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts, and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. There is also a discretionary bonus program that may include an equity component.
Working with Northern Trust
As a Northern Trust partner, you stand on the brink of greater achievements. The work culture promotes flexibility and collaboration, providing an environment that encourages movement within the organization. Senior leaders are accessible, and you can take pride in working for a company committed to serving the communities it operates in. Northern Trust is a company with a greater purpose, and they want to know how your interests and experience could be a fit with one of the world’s most admired and sustainable companies. Apply today and achieve something greater with Northern Trust.
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 MyHRHelp@ntrs.com.
Apply today to discuss your flexible working requirements and together, achieve something greater with Northern Trust.
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