Sr Associate, Brokerage Operations

Northern Trust • Chicago, IL

4d • $67,500 - $111,500 • Hybrid

About The Position

Responsible for Operations support and client service for the global brokerage business. Has specific knowledge or expertise typically gained through formal education or equivalent experience. Focuses on the day-to-day processing of trades from the point of book-out and allocation, through to settlement and reconciliation of accounts, and all other brokerage operations functions.
Continues to build knowledge of the company, processes and clients. Performs a range of assignments related to job discipline. Uses prescribed guidelines or policies in analyzing situations. Receives a moderate level of guidance and direction. Carries out activities with moderate financial, client and/or internal business impact.

Requirements

• Requires expanded conceptual knowledge in own job discipline
• Understands key business drivers; uses this understanding to accomplish own work
• Explains complex information to others in straightforward situations
• Has specific brokerage operations knowledge or expertise typically gained through formal education or equivalent experience.
• Has an understanding of regional regulatory requirements.
• Applies best practices and how own area integrates with others
• Provides informal guidance to new team members
• FINRA licenses required (US): 99; 7 and 63 are preferred, or the ability to obtain within 90 days
• A College or University degree and/or relevant work experience is required.
• Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Nice To Haves

• Prior industry experience, preferably in a financial operations role is preferred

Responsibilities

• Solves problems in straightforward situations
• Analyzes possible solutions using technical experience and judgment and precedents
• Impacts a range of customer, operational, project or service activities within own team
• Works within guidelines and policies
• Writes and maintains high quality procedure documentation
• Assists in training new starters within the team
• Asks questions, challenges existing processes, offers ideas

Benefits

• 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
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree