Consultant, Banking Operations

Northern Trust • Tempe, AZ

4d • Hybrid

About The Position

About Northern Trust: Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. Summary Under general supervision (but works independently most of the time) responsible for 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. Technically competent to act as first point of reference for day-to-day queries, and serves as a liaison to related areas. Demonstrates excellent analytical, consultative, communication and judgment skills. Assists in preparation of documentation required for audits. Carries out complex activities with significant financial, client, and/or internal business impact Working Model: Hybrid We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Requirements

• Excellent oral and written communication skills are required
• Thorough understanding of Banking procedures and regulations is required
• Analytical and problem-solving skills are required
• Be able to work as part of a team with minimal supervision
• A College or University degree and proven Banking Operations work experience is preferred.

Nice To Haves

• Understanding of risk mitigation and management practices is preferred
• Related Industry qualification (e.g. ACCA) is preferred.

Responsibilities

• Supports tax documentation, withholding, and reporting activities by reviewing data, identifying discrepancies, and ensuring information is complete and accurate in accordance with established procedures.
• Assists with tax-related reconciliations, reporting support, and documentation preparation, including audit and regulatory support activities.
• Performs operational support related to retirement and account tax maintenance, escalating issues and exceptions as appropriate.
• Reviews IRS correspondence, notices, and system discrepancies, assisting with research and resolution in partnership with internal teams.
• Supports general ledger and reconciliation activities by reviewing transactions and identifying variances for follow ‑ up.
• Responsible for transactions to be carried out within pre-defined procedures and guidelines in an accurate and timely manner
• Developing into subject matter expert in preparation of documentation required for audits within the Banking Ops team
• May lead projects and/or train lower-level staff.
• Carries out complex activities with significant financial, client, and/or internal business impact
• Able to serve as a key subject matter expert and mentor to other more junior level employees
• More technically sound in area of expertise and has broader knowledge of other areas
• Delivers a work product that requires less revision
• Able to facilitate discussions and reach decisions
• Works on various software systems and projects within a group

Benefits

• As a Northern Trust partner, greater achievements await.
• You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
• Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve!
• Join a workplace with a greater purpose.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level