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 a flexible work culture, competitive salary, and career growth opportunities.
- Other info: Be part of a diverse team committed to community and sustainability.
- Why this job: Make an impact in finance while learning from industry experts.
- Qualifications: Knowledge of markets, analytical skills, and a passion for finance.
The predicted salary is between 50000 - 70000 € 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 Liquidity Management Trader is a Certified Person (CP) opportunity where a high level of training will be provided related to trade and risk management within a defined risk appetite and control environment.
Major responsibilities of the role will include:
- Maintaining the Bank's Liquidity reserve position and clearing balance for all 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.
- 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.
- Updating 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:
- 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 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.
Trader, Liquidity Management (CP) - Northern Trust in London employer: Northern Trust
Northern Trust is an exceptional employer that fosters a flexible and collaborative work culture, encouraging employee growth and movement within the organisation. With over 130 years of financial expertise, employees benefit from comprehensive training, access to senior leaders, and a commitment to community service, making it a rewarding place to build a meaningful career.
StudySmarter Expert Advice🤫
We think this is how you could land Trader, Liquidity Management (CP) - Northern Trust in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Northern Trust on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your market knowledge. Be ready to discuss liquidity management and how you’d handle various scenarios. Show them you’re not just a candidate, but a potential asset to their team!
✨Tip Number 3
Don’t forget to showcase your analytical skills! Bring examples of how you've used data to make decisions in past roles. This will demonstrate your ability to manage cash positions effectively.
✨Tip Number 4
Finally, apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of the Northern Trust family. Let’s get you that job!
We think you need these skills to ace Trader, Liquidity Management (CP) - Northern Trust in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Trader role. Highlight any relevant experience in liquidity management, trading, or financial analysis to catch our eye!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background makes you a great fit for Northern Trust. Keep it concise but impactful!
Showcase Your Analytical Skills:Since this role involves a lot of market analysis, be sure to mention any specific tools or methodologies you’ve used in the past. We love seeing candidates who can demonstrate their analytical prowess!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and allows us to see your enthusiasm for joining our team!
How to prepare for a job interview at Northern Trust
✨Know Your Markets
Make sure you brush up on your knowledge of market activity, especially in relation to liquidity management. Familiarise yourself with current trends in interest rates, foreign exchange, and credit markets. This will not only help you answer questions confidently but also demonstrate your genuine interest in the role.
✨Understand the Role
Dive deep into the responsibilities of a Liquidity Management Trader. Be prepared to discuss how you would manage the Bank's liquidity reserve position and execute trades. Think about specific strategies you might employ to achieve the lowest cost funds while adhering to liquidity constraints.
✨Showcase Analytical Skills
Since analytical skills are crucial for this role, come prepared with examples of how you've used data analysis in past experiences. Whether it's compiling financial reports or interpreting market behaviour, be ready to explain your thought process and the outcomes of your analyses.
✨Engage with Questions
Prepare thoughtful questions to ask your interviewers about Northern Trust’s approach to liquidity management and their expectations for the role. This shows that you're not just interested in the job, but also in how you can contribute to the company's goals and culture.
