Sr Consultant, Rec and Control, Integrated Portfolio Services

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Major Duties

• 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 identified through the reconciliation process.
• Coordinate break resolution between clients, internal operations teams, and custodian banks.
• Manage the handoff between India and Chicago reconciliation teams and follow up on outstanding issues.
• Partner with the Implementation team to ensure seamless onboarding and setup of new client accounts.
• Perform daily reviews of reconciliations and execute required controls.
• Support projects focused on increasing operational efficiency and strengthening the control environment.
• Operate independently with in-depth knowledge of the business, function, and related processes.
• Serve as a subject matter expert, providing in-depth technical guidance, consultation, and leadership to team members and business partners.
• Lead activities that are broad in scope, cross-functional, and technically complex.
• Balance high-level 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.

Knowledge & Skills

• Excellent written and verbal communication skills.
• In-depth functional and industry knowledge.
• Strong analytical and problem-solving skills.
• Highly flexible and adaptable to changing business priorities.
• Strong technical and systems knowledge, including experience with platforms such as PeopleSoft.
• Ability to work independently while effectively partnering across teams and functions.
• Strong attention to detail with a focus on controls, accuracy, and risk management.

Experience & Qualifications

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

What I improved

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Salary Range:

$83,100 - 141,300 USD

Salary range is a good faith estimate of base pay. 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.

Work Authorization

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).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.