About Northern Trust
Founded in 1889, Northern Trust has grown to become a Fortune 500 company and a globally recognized financial institution. The company has a history of over 130 years, providing innovative financial services and guidance to the world’s most successful individuals, families, and institutions. With more than 22,000 partners worldwide, Northern Trust prides itself on delivering leading technology and exceptional service while staying true to its enduring principles of service, expertise, and integrity. Source
Summary
Northern Trust Hedge Fund Services is a rapidly growing global fund administrator specializing in managing complex hedge funds. The role of the Consultant is crucial to the company, supporting operational execution and process improvement, particularly for bank loan trade closing, lifecycle event processing, and reconciliations. This position requires a professional with solid experience in bank debt operations, ready to take on more complex responsibilities and client-facing tasks.
Key Duties and Responsibilities
- Support multiple clients in a fast-paced, challenging environment, demonstrating increasing autonomy and initiative.
- Liaise with clients, counterparties, and agents to facilitate the closing of syndicated bank loan trading activity on ClearPar.
- Independently 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.
- Assist in resolving complex operational issues and escalate when necessary.
- Contribute to process improvements and operational efficiency initiatives.
- Build and strengthen internal and external relationships.
- Provide guidance and training to junior team members as needed.
Knowledge / Skills
- Ability to work independently and cooperatively within a team environment.
- Strong client focus and professional communication skills.
- Ability to handle multiple tasks simultaneously and with accuracy.
- Excellent written and oral communication skills.
- Ability to meet time-sensitive deadlines with appropriate sense of urgency.
- Detail and process oriented, with a proactive approach to problem-solving.
- Proficient in Microsoft Excel and other MS Office applications.
- Experience with ClearPar and Bank Loan Closing preferred; familiarity with LSTA closing documents is a plus.
Experience
- Bachelor’s degree in Finance, Accounting, or related field with 3.0 GPA or higher.
- 2-5 years of relevant operational experience supporting syndicated, leveraged, and/or private loans.
Working with Northern Trust
As a Northern Trust partner, you will be part of a flexible and collaborative work culture. The organization encourages movement within the company, making senior leaders accessible and fostering pride in a company committed to assisting the communities it serves. Northern Trust offers 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. Additionally, Northern Trust also provides a discretionary bonus program that may include an equity component.
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].
Apply today and talk to us about your flexible working requirements. At Northern Trust, we value an inclusive workplace and understand that flexibility means different things to different people. Together, we can achieve greater.
