Jr Sec Lending Trader

Northern Trust • Chicago, IL

12d

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. This role supports Northern Trust’s Securities Lending Trading team by helping optimize portfolio revenue through effective trade execution, borrower engagement, and risk management. The position partners closely with global trading desks, operations, and support teams to price transactions, monitor the trading book, and ensure compliance with client, bank, and regulatory requirements. The ideal candidate brings strong analytical skills, confidence in data‑driven decision making, and the ability to thrive in a fast‑paced trading environment while building strong internal and external relationships Major Duties and Responsibilities Uses existing procedures to solve standard problems; analyzes information and standard practices to make judgments Works within standardized procedures and practices to achieve objectives and meet deadlines

Requirements

• Requires conceptual knowledge of theories, practices and procedures within a job discipline
• Applies general knowledge of business developed through education or past experience
• Exchanges straightforward information, asks questions and checks for understanding
• A confident communicator, capable of influencing discussions, managing negotiations and developing borrower relationships
• The ability to quickly become proficient with new concepts and use relevant skills to enhance and improve processes
• An ability to work diligently under pressure, multi-tasking in a fast-paced environment
• Comfortable mining, analyzing and interpreting data in order to make, support and articulate trading decisions
• Knowledge of securities lending markets and processes
• 1–5 years of working experience within the financial services industry or relevant internship experience

Responsibilities

• Interface with borrowers and Northern Trust’s global securities lending trading desks to optimize revenue by effectively lending client securities in accordance with client, bank, and regulatory guidelines
• Negotiate with borrowers to price transactions based on market supply and demand factors with the ability to make prompt decisions and react to daily market changes
• Establish and maintain strong relationships with borrowers and Northern Trust partners including global trading desks, trade support, product and client servicing teams
• Monitor the trading book closely and ensure effective risk management to avoid any exposure to both Northern Trust and clients, particularly around corporate actions and liquidity management in those markets with punitive settlement regimes
• Work closely with operations teams to minimize all risk situations
• Liaise with trade support, collateral and corporate actions teams to promote efficiencies throughout the trading process
• Provide analytical support to senior traders to help maximize return from Northern Trust’s lending portfolio
• Analyze and interpret data, in order to make, support, and articulate trading decisions
• Assist the trading team in the review, integration and deployment of new and existing technology tools to further automate trading processes
• Evaluate client portfolios for the purposes of performance reviews and future revenue estimates

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: Entry Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees