At a Glance
- Tasks: Support trading teams and manage post-trade processes in a dynamic brokerage environment.
- Company: Join Northern Trust, a global leader in wealth management and financial services.
- Benefits: Flexible work culture, career growth opportunities, and commitment to community service.
- Other info: Inclusive workplace with a focus on philanthropy and community engagement.
- Why this job: Be part of a vibrant team making a real impact in the financial world.
- Qualifications: Experience in Brokerage Operations and understanding of financial instruments required.
The predicted salary is between 49500 - 60500 £ per year.
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.
Role/Department: We are looking for an Operations professional to join our Agency Brokerage business and provide Operational Trade Support to our Sales and Trading teams as well as servicing our panel of Institutional Clients. The role focuses on the Post-Trade life-cycle, from Trade Allocation to Pre-matching & Settlements across Global Markets working with a range of asset types and the reconciliations inherent to the activity.
The key responsibilities of the role include:
- Analyses practical solutions using technical experience and judgment and precedent, applying them both to day-to-day problem solving, as well as forward-looking process enhancement.
- Impacts a range of customer, operational, project or service activities within own team and other related teams.
- Works within guidelines and policies, with a risk aware & averse mindset.
- Manages the Operational setup for client and broker onboarding, ensuring the process is followed in a timely manner.
- Maintenance of Client Static data, including confirmation set up, commission rates in various markets, sub-account setup, booking preferences per market and client settlement instructions.
- Daily activities will include post-trade processing, following the lifecycle of a transaction from allocation through to settlement, as well as reconciliations.
- Processing of full post-trade lifecycle for Equities, Fixed Income, and Exchange Traded Derivatives & Options.
- Manages internal and external party queries, such as from clients, counterparties, internal stakeholders, Matching and Settlement, closely monitors both market-side and client-side trade matching and settlement, resolving issues with clients and execution brokers, fixing mismatches and ensuring that settlement rates remain as close to 100% as possible in all markets.
- Reconciliation and Position Management - ensures that as an agency broker, all of our accounts are flat of position and Profit & Loss at end of day, and that any error positions are documented and accounted for in accordance with regulations.
Skills/Qualifications: The successful candidate will benefit from having:
- Specific Brokerage Operations knowledge or expertise typically gained through education or equivalent experience.
- Expanded conceptual knowledge in own job discipline.
- Understanding of key business drivers; uses this understanding to accomplish own work.
- Ability to perform and deliver under strict deadlines.
- Understanding of regional regulatory requirements, as well as business and industry risk frameworks.
- Applies internal and industry best practices.
- Inclusive and collaborative mindset, thrives working within a vibrant team.
- Prior industry experience required, within Middle to Back-Office Operations, and with instruments such as Equities, Fixed Income, and Exchange Traded Derivatives & Options.
Work Authorization: Applicants must have the right to work in the United Kingdom at the time of application and for the duration of employment. Please note that Northern Trust is unable to provide visa sponsorship for this role.
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.
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.
Summary: Location: London, United Kingdom Type: Full time
Consultant, Brokerage Ops employer: Northern Trust
Northern Trust is an exceptional employer, offering a dynamic work environment in Greater London that fosters professional growth and development. With a strong emphasis on employee well-being, we provide comprehensive benefits and a collaborative culture that values innovation and excellence in service delivery. Join us to be part of a team that prioritises meaningful client relationships and supports your career aspirations in the financial services sector.
