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.
Overview
Northern Trust Asset Management is a global, multi‑asset investment manager supporting institutional and personal clients worldwide. The Front Office Support (FOS) team provides critical, front‑line operational and data support to Portfolio Management and Trading, enabling investment teams to focus on alpha generation, risk management, and execution.
This role partners closely with Portfolio Managers, Traders, Risk, Operations, Technology, and external service providers to ensure accurate data, timely trade processing, and smooth day‑to‑day portfolio operations across global markets.
Key Responsibilities
Coordinate legal documentation and internal approvals, including the negotiation and execution of ISDA Master Agreements, CSAs, FCAs, OTC Addendums, MSFTAs; track key terms, eligible collateral, and open items, and escalate issues that could delay trading readiness.
Coordinate fund and account readiness for new derivative instruments, including listed futures and options, cleared and bilateral OTC swaps, total return swaps, credit default swaps, CFDs, and FX forwards, covering exchange, clearing house, FCM, SEF, and platform setup.
Monitor the trade lifecycle across cash and derivatives, including matching, affirmation and confirmation through platforms such as OSTTRA Trade Manager, settlement, clearing status, resets, partial terminations, and expiries.
Investigate trade exceptions, drive fail resolution, and resolve breaks with counterparties, clearing brokers, and internal teams, escalating aged or high-risk items as needed.
Support collateral, margin, and reporting for OTC and exchange-traded derivatives, including variation and initial margin calls, portfolio reconciliations, collateral disputes, UMR requirements, and CFTC/Dodd-Frank adherences.
Develop and maintain procedures, controls, and process maps; identify opportunities to standardize, automate, and transition repeatable work across regional teams.
Skills & Qualifications
Strong analytical, problem‑solving, and communication skills, with the ability to assess documentation, investigate exceptions, identify root cause, and coordinate resolution, and to engage clearly and professionally with Investments team, Legal, Compliance, Risk, and external counterparties.
Understanding of the counterparty and account lifecycle (onboarding, AML/KYC, legal documentation, approvals, setup, periodic review, and offboarding) and working knowledge of trade execution, confirmation, settlement, fail management, claims, and related regulatory or market-practice controls.
High proficiency in Microsoft Excel and familiarity with workflow, documentation, and counterparty-management platforms; experience with Aladdin by BlackRock, FIA Tech, FXall, IHS Markit/S&P Counterparty Manager, and internal NT systems is strongly preferred .
Ability to work independently in a fast‑paced, deadline‑driven global environment, maintaining accurate trackers, evidence, procedures, and management reporting across multiple concurrent activities with strong attention to detail, ownership, and follow‑through.
Strong familiarity with derivatives preferred, with hands-on experience interfacing with executing brokers, clearing brokers/FCMs, and other…