Sr Consultant, OTC/FX, Middle Office, Integrated Portfolio Services

Northern Trust • Chicago, IL

3d • $83,100 - $141,300

About The Position

Northern Trust is hiring a Senior Consultant for its OTC/FX Middle Office, Integrated Portfolio Services function. The role performs and reviews daily securities, cash, and position reconciliations; investigates and resolves differences; coordinates break resolution with clients, internal operations teams, and custodian banks; and manages handoffs between India and Chicago reconciliation teams. The position also partners with Implementation to onboard and set up new client accounts and supports projects that improve operational efficiency and strengthen controls.

The role operates independently with in-depth knowledge of the business, function, and processes. It serves as a subject matter expert, providing technical guidance, consultation, and leadership to team members and business partners. The position leads broad, cross-functional, technically complex activities while balancing operational execution with strategic priorities and supporting the development, implementation, and administration of functional programs and initiatives.

Applicants must be authorized to work in the U.S. without current or future employment-based visa sponsorship. Northern Trust offers a comprehensive benefits package and a discretionary bonus program that may include an equity component.

Requirements

• Excellent written and verbal communication skills.
• In-depth functional and industry knowledge.
• Strong analytical and problem-solving skills.
• Flexibility and adaptability to changing business priorities.
• Strong technical and systems knowledge, including experience with platforms such as PeopleSoft.
• Ability to work independently and partner effectively across teams and functions.
• Strong attention to detail, with a focus on controls, accuracy, and risk management.
• Applicants must be authorized to work in the U.S. without employment-based visa sponsorship now or in the future.

Nice To Haves

• College or university degree and/or relevant professional experience.
• Relevant industry qualification, such as ACCA.
• Experience with securities reconciliation, cash and position breaks, and operational controls.
• Experience working across multiple teams, locations, and business functions.

Responsibilities

• Perform daily reconciliation of transactions and positions across equities, corporate bonds, CMOs, TBAs, pools, bank loans, and private securities.
• Analyze and resolve security and cash position differences found through reconciliation.
• Coordinate resolution of breaks among clients, internal operations teams, and custodian banks.
• Manage handoffs between India and Chicago reconciliation teams and follow up on outstanding issues.
• Partner with the Implementation team to support seamless onboarding and setup of new client accounts.
• Review reconciliations daily and execute required controls.
• Support projects that increase operational efficiency and strengthen the control environment.
• Operate independently using in-depth knowledge of the business, function, and related processes.
• Provide subject-matter expertise, technical guidance, consultation, and leadership to team members and business partners.
• Lead broad, cross-functional, technically complex activities.
• Balance operational execution with the development and execution of strategic business priorities.
• Support the development, implementation, and administration of programs and initiatives within the functional area.

Benefits

• Retirement benefits, including 401(k) and pension.
• Health and welfare benefits, including medical, dental, vision, spending accounts, and disability coverage.
• Paid time off.
• Parental and caregiver leave.
• Life and 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: Senior
• Education Level: No Education Listed