Trade and Transaction Reporting Specialist – Vice President

Northern Trust • Chicago, IL

51d • 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. 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. As a Trade and Transaction Reporting Specialist you will shape and own the strategy to achieve accurate, complete and timely reporting. You will manage TRACE reporting and contribute in other FINRA regulations such as CAT and CAIS to drive change and ensure operational excellence.

Requirements

• Excellent knowledge of TRACE, CAT and CAIS.
• Excellent communication and ability to convey complex principles clearly and concisely.
• Excellent stakeholder management, confident facing off to senior management across Tech and Non-Tech.
• Experience in translating regulatory text into business analysis and impact on firm flows as well as fields mapping and lineage across the stack.
• Project management experience and ability to orchestrate IT system integration and reporting solutions implementation with Tech.
• Understanding of transaction reporting BAU activities such as reconciliation, exceptions, back reporting, manual uploads.
• Familiarity with FINRA portals.

Nice To Haves

• Basic knowledge of business intelligence tools and SQL is welcomed but not essential.

Responsibilities

• Be the reference person for TRACE regulation and where necessary interact with Risk, Compliance, Legal, Business and other operations teams.
• Drive internal teams to deliver change initiatives and oversight BAU daily operations.
• Follow regulatory developments across the relevant industry working groups.
• Maintain procedures, continuously improve processes, and control framework.
• Address issue remediation tactically and strategically partnering with front-to-back tech teams.
• Ensuring the adequacy and delivery of internal reporting and MI to management.
• Manage relationship with vendors.

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
• Education Level: No Education Listed
• Number of Employees: 501-1,000 employees