At a Glance
- Tasks: Manage liquidity reserves and execute trades in money market instruments.
- Company: Join Northern Trust, a Fortune 500 financial institution with over 130 years of experience.
- Benefits: Competitive salary, inclusive workplace, and opportunities for professional growth.
- Other info: Flexible work environment with a commitment to inclusivity and support for individuals with disabilities.
- Why this job: Make an impact in global finance while working with sophisticated clients and innovative strategies.
- Qualifications: Experience in market operations trading and strong analytical skills required.
The predicted salary is between 60000 - 80000 £ per year.
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 its 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 Senior Liquidity Management Trader, a Certified Person (CP), is responsible for maintaining the Bank's liquidity reserve position and clear balances for all managed currencies. The role involves executing trades with external counterparties via money market instruments, including fixed‑term deposits, repurchase agreements, short‑term government bills, and foreign exchange swaps; reacting to deposit flows; and managing HQLA securities portfolios in partnership with the International Treasury team. The Trader works closely with Global Counterparty Credit and Central Banks, monitors market conditions, and applies funding strategies to achieve the lowest cost funds within liquidity constraints.
Responsibilities
- Managing the balance sheet liquidity by executing trades with external counterparties via money market instruments, including fixed‑term deposits, repurchase agreements, short‑term government bills, and foreign exchange swaps.
- Reacting to incoming/outgoing deposit flows to ensure the balance sheet is managed prudently.
- Assisting in the management of longer‑dated HQLA securities portfolio within the International Treasury team, covering supranational, sovereign and agency securities, covered bonds and ABS.
- Working with Global Counterparty Credit to ensure the investable universe is diverse and maximizes investment opportunities.
- Assisting in determining the interest rates the Bank will pay on deposits through market trading knowledge and investment options.
- Employing funding strategies to achieve the lowest cost funds within established liquidity constraints.
- Monitoring market conditions via Bloomberg, news sources, and analysis from brokers, dealers, and counterparties; updating spread levels for input into the investment portfolio strategy.
- Managing utilization of the Bank's securities and loan collateral to support borrowings, regulatory requirements, and participation in various financial market utilities.
- Acting as a liaison to the various Central Banks regarding direct transaction execution (discount window borrowings, investments), collateral management, and related issues.
- Compiling data from financial management to understand and communicate drivers of balance sheet changes.
Required Skills
- Proven experience in market operations trading.
- Expanded conceptual knowledge of markets and market activity.
- Understanding of key business drivers, using this knowledge to accomplish work.
- Ability to explain complex information to others in a straightforward manner.
- Knowledge of Central Bank monetary policy and practices; interest rates, foreign exchange, and credit markets and theory to monitor and manage cash positions in various currencies.
- Knowledge of banking operations, typically acquired through experience, to understand and project balances and positions.
- Knowledge of Bloomberg beneficial though not essential.
- Analytical skills to resolve exceptions.
- Ability to use various software packages to compile data for reports and to purchase and sell funds.
- Ability to apply a wide variety of financial analysis and economic methodologies to understand and interpret market behaviour and make financial decisions.
- Thorough business knowledge, acquired through work experience preferably in financial markets or bank operations.
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. We value an inclusive workplace and understand flexibility means different things to different people.
Senior Trader, Liquidity Management (CP) employer: Job Search Place Limited
Northern Trust is an exceptional employer, offering a dynamic work environment that fosters innovation and collaboration among its 22,000 partners. With a strong commitment to employee growth, the company provides extensive training and development opportunities, ensuring that team members can thrive in their careers while contributing to the success of a globally recognised financial institution. Located in a vibrant financial hub, Northern Trust promotes a culture of integrity and service, making it an ideal place for professionals seeking meaningful and rewarding employment in the finance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Trader, Liquidity Management (CP)
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Job Search Place Limited. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Trader, Liquidity Management (CP)
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Job Search Place Limited.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Job Search Place Limited's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Job Search Place Limited
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Job Search Place Limited.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Job Search Place Limited will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Job Search Place Limited employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
