For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.
We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.
As of March 31, 2017, Northern Trust Corporation had:
•$121 billion in banking assets
•$7.1 trillion in assets under custody
•$8.9 trillion in assets under custody/administration
•$1.0 trillion in assets under management
The key responsibilities of the role include:
Syndicated Bank Loans Technical Coordinator is responsible for overseeing trade and reconciliation workflow. The technical coordinator must review and approve wires and transactions processed by analysts. The role requires regular interaction with investment managers and all levels of staff to resolve inquiries and communicate problem resolution.
Technical coordinator assists management with process improvements, metrics, presentations and team engagement. The role also includes researching and resolving complex inquiries and exceptions.
Accurately process and approve transactions for corporate, institutional and wealth management clients.
Communicating with a diverse set of internal and external clients including: Investment Managers, Clients, IMLG, HFS, Account Managers, Relationship Managers and other external parties.
Use of cash movement systems to produce and receive wires to/from investment managers on a daily basis.
Respond to internal and external inquiries and questions from partners, providing guidance and solutions.
Use analytical skills to resolve exceptions associated with related processing, identify errors affecting accounts, and making necessary corrections.
Participate in department and team efforts to identify and implement process improvements.
Work efficiently and effectively under time-sensitive constraints, in a team-oriented environment
Manage trade and reconciliation workflow
Create and maintain metrics to assist in identifying areas of improvement.
The successful candidate will benefit from having:
College degree required with an emphasis in Finance & Accounting preferred. Prior industry and leadership experience preferred.
Excellent communication skills
Working knowledge of MS Office
Analytical and problem solving skills
Knowledge of capital markets with exposure to hedge funds, private equity, comingled funds, valuation reporting, reconciliation principles, and finance or accounting preferred.
Work schedule is congruent to our Chicago office hours (start time will 6:30am/7:30am depending on Daylight Savings)
Position may require mandatory overtime during peak periods