Consultant, Fixed Income and Bank Debt, Middle Office, Hedge Funds Services

Northern Trust • Chicago, IL

16d

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 Northern Trust Hedge Fund Services is a rapidly expanding global fund administrator specializing in complex hedge funds. The Consultant will serve as a key team member, supporting both operational execution and process improvement for bank loan trade closing, lifecycle event processing, and reconciliations. This role is ideal for a professional with solid experience in bank debt operations, ready to take on more complex responsibilities and client-facing tasks.

Requirements

• 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.
• 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.

Nice To Haves

• Experience with ClearPar and Bank Loan Closing preferred; familiarity with LSTA closing documents is a plus.

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.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees