Analyst, Clearing & Settlements, HFS

About Northern Trust

North Trust is a global leader in wealth management, asset servicing, asset management, and banking. With more than 135years of experience and over 24,000 partners, the firm serves sophisticated clients worldwide using advanced technology and exceptional service.

Integrated Portfolio Services at Northern Trust is a rapidly expanding global fund administrator supporting complex hedge fund clientele. The Clearing & Settlements team manages trade lifecycle functions, including trade capture, affirmation, break resolution, event processing, and settlement.

• Manage multiple customers and business lines within a fast‑paced, challenging environment.
• Liaison between clients’ trading desks and their prime brokers, exchanges, and counter parties to ensure timely settlement and efficient resolution of identified breaks.
• Perform and oversee all processes related to daily trade break resolution for equity products (stocks, ETFs, warrants), fixed‑income products (corporate, government, mortgage bonds), and exchange‑traded derivatives (options and futures).
• Monitor trade posting processes and upload trades to prime brokers.
• Monitor trade affirmation processes to ensure proper allocation/delivery from counter parties.
• Resolve failing trades with prime brokers and counter parties to facilitate delivery.
• Communicate effectively with team members to provide excellent service to clients.
• Collaborate with the Reconciliation & Control team to ensure the accuracy of internal books and records.
• Build and maintain internal and external relationships.
• Perform other related duties as required.

• Bachelor’s degree in Finance, Accounting or a related field.
• Experience with exchange‑traded securities and settlement operations (preferred, not required).
• Familiarity with DTC, SWIFT, Global and Central Trade Manager (preferred, not required).
• Proficiency in Microsoft Office, especially Excel;
  Bloomberg experience is a plus.
• Excellent attention to detail, written and oral communication skills.
• Ability to manage multiple tasks, meet deadlines in time‑sensitive conditions.
• Knowledge of basic accounting principles and familiarity with financial markets and instruments.
• Self‑accountability and a passion for high‑quality client service.

The role requires clear, thorough communication with co‑workers, clients, and vendors. The workplace is a typical office setting with frequent computer and telephone use. Reasonable accommodations are available for qualified individuals with disabilities, unless they cause undue hardship.

$48,000 – $72,000 USD (base pay). The range represents a good‑faith estimate and is not a guarantee of final compensation.

Comprehensive benefits including 401(k) with company match and pension, medical, dental, vision, health spending accounts, disability, paid time off, parental and caregiver leave, life & accident insurance, and voluntary well‑being programs.

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 any U.S. work visas for this position.

WesternU.S. – Northern Trust is an equal‑opportunity employer. We consider all employment actions fairly, without regard to race, color, religion, sex, national origin, disability, age, veteran status, gender identity or expression, sexual orientation, maritime status, or any other legally protected status.