At a Glance
- Tasks: Manage liquidity reserves and execute trades in a dynamic financial environment.
- Company: Join Northern Trust, a Fortune 500 leader in innovative financial services.
- Benefits: Enjoy flexible work culture, competitive salary, and opportunities for career growth.
- Other info: Be part of a collaborative team committed to community service and sustainability.
- Why this job: Make a real impact in global finance while working with top-tier professionals.
- 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 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 Senior Liquidity Management Trader is a Certified Person (CP) that will be responsible for maintaining the Bank’s Liquidity reserve position and clearing balance for all managed currencies.
For all actively managed currencies:
- 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 any incoming/outgoing deposit flows to ensure the balance sheet is managed prudently.
- Assisting in the management of the longer dated HQLA securities portfolio managed within the International Treasury team. Asset classes include Supranational, Sovereign and Agency securities along with covered bonds and ABS.
- Working with Global Counterparty Credit to ensure the investable universe is diverse and maximises investment opportunities.
- Assisting in determining the interest rates the Bank will pay on deposits via market trading knowledge and investment options.
- Employing funding strategies to achieve the lowest cost funds, within established liquidity constraints, for the Bank.
- Monitoring market conditions via Bloomberg, news sources, communications and analysis from brokers/dealers and counterparties. Update spread levels for input into the Investment portfolio strategy.
- Managing the 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 the execution of direct transactions (discount window borrowings, investments, etc.), collateral management, and other issues.
- Compiling data from financial management to understand and communicate drivers of balance sheet changes.
The skills and capabilities needed for the selected candidate include:
- Proven experience in market operations trading.
- Expanded conceptual knowledge of markets and market activity.
- An understanding of key business drivers; using this understanding to accomplish own work.
- An 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, usually acquired through experience, to understand and project balances and positions.
- Knowledge of Bloomberg beneficial though not essential.
- Analytical skills are needed to resolve exceptions.
- An ability to use various software packages to compile data for reports and to purchase and sell funds.
- An 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 the financial markets or in bank operations.
Working with Us: 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.
Reasonable accommodation: 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.
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.
Senior Trader, Liquidity Management (CP) in London employer: Northern Trust Corp
Northern Trust is an exceptional employer that fosters a flexible and collaborative work culture, encouraging movement within the organization and providing access to senior leaders. With over 130 years of financial expertise, employees benefit from a commitment to community service, innovative financial solutions, and opportunities for personal and professional growth in a stable and admired global institution.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Trader, Liquidity Management (CP) in London
✨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.
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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.
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Don’t shy away from reaching out directly to firms like Northern Trust Corp. 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) in London
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 Northern Trust Corp.
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 Northern Trust Corp'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 Northern Trust Corp
✨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 Northern Trust Corp.
✨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 Northern Trust Corp 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 Northern Trust Corp 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.
