Associate Specialist, Cash & Collateral Svc, HFS

Northern Trust Treasury Position

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.

The successful candidate is a mature self-starter with an entrepreneurial spirit and team focus and is able to function independently work in a fast-paced, dynamic and demanding environment. He/she adds value by working on a number of simultaneous tasks/projects with minimal supervision while paying strong attention to detail. A familiarity with Treasury functions and strong communication skills is extremely beneficial.

The key responsibilities of the role include:

• Support Client SLA's; which may include daily collateral margining and Cash-flow processing, daily reconciliations of bank and custody account activity, margin reporting across prime broker accounts, and timely interaction with shared service teams.
• Works with clients to resolve cash breaks and issues related to wire payments.
• Serve as a liaison to other shared service teams and ensure all daily processing from a Cash and Collateral perspective are completed daily
• Assist in further development of a scalable, controlled and transparent application across NT's Treasury platform
• Effectively communicate with IT to test and implement system enhancements
• Help Identify potential Treasury service offerings that would complement our HFA offering. Perform the appropriate analysis and present findings to the team and management.
• Participates/assists in business requirements for IT projects and enhancements for the cash and collateral management team.

The successful candidate will benefit from having:

• An entrepreneurial spirit, someone who is willing to build something from the ground up.
• Experience working with system development testing/verifying accuracy of reports.
• Awareness of system work-flows; and related application dependencies
• Excellent communication skills; both written and verbal
• Experience with excel modeling; if/then statements, V-lookups etc.
• 3-5 years of experience; working within a Treasury related functions is a plus.

Salary Range: $114,700 - 194,900 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.

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at View email address on click.appcast.io.

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.