About Northern Trust
Founded in 1889, Northern Trust is a Fortune 500 company that has been in continuous operation for over 130 years. As a globally recognized, award-winning financial institution, it has gained an eminent reputation for providing innovative financial services and guidance.
Northern Trust takes pride in serving the world’s most successful individuals, families, and institutions, staying committed to its enduring principles of service, expertise, and integrity. With over 22,000 partners, the company is able to serve the world’s most sophisticated clients using leading technology and exceptional service.
Job Description: Associate Specialist
The company’s branch, Northern Trust Hedge Fund Services, is a rapidly expanding global fund administrator specializing in administering assets of complex hedge funds. They are currently seeking an ambitious self-starter for the role of Associate Specialist in Fixed Income & Bank Debt, Middle Office Asset Servicing, Alternative Fund Services.
The successful candidate will have the ability to function effectively as a strategic team member in a dynamic, fast-paced, and demanding environment. They will be responsible for supporting the bank loan trade closing process as well as life cycle event processing and reconciliations. This role demands excellent client service daily by way of operational process execution, improvement, and professional communication.
Key Duties and Responsibilities
- Support multiple clients within a fast-paced, challenging environment.
- Liaise with clients, counterparties, and agents to facilitate the closing of syndicated bank loan trading activity on ClearPar.
- Verify, process, and reconcile trading and lifecycle activities for syndicated and private bank loan investments.
- Monitor and maintain bank debt positions to ensure accurate P&L for financial reporting.
- Build and strengthen internal and external relationships.
Knowledge / Skills
- Ability to work independently and cooperatively within a team environment.
- Client-focused mindset.
- 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 orientation.
- Proficiency 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 a plus.
Experience
- Bachelor’s degree in Finance, Accounting, or a related field with a 3.0 GPA or higher.
- 5 to 10 years of relevant operational experience supporting syndicated, leveraged, and/or private loans.
The salary range for this role is $114,700 – 194,900 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. Northern Trust also provides a discretionary bonus program that may include an equity component.
Working with Northern Trust
As a Northern Trust partner, you will be part of a flexible and collaborative work culture. The company’s financial strength and stability embolden it to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and there is a strong commitment to assisting the communities they serve. This creates a workplace with a greater purpose.
Northern Trust is excited to learn more about potential candidates and how their interests and experience could be a fit with one of the world’s most admired and sustainable companies. With opportunities for career growth and a workplace that values inclusivity and flexibility, Northern Trust encourages you to apply today.
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.
Application is open to all interested individuals. Candidates are encouraged to talk about their flexible working requirements during the application process so that together, greater achievements can be made.
For more information about this role, click here.
