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 impactful decisions in the financial markets.
- Qualifications: Experience in brokerage operations and understanding of financial instruments required.
The predicted salary is between 45000 - 55000 £ 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.
Consultant, Brokerage Ops in London 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.
StudySmarter Expert Advice🤫
We think this is how you could land Consultant, Brokerage Ops 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.
✨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 Northern Trust. 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 Consultant, Brokerage Ops 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.
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'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
✨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.
✨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 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 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.
