Sr Consultant, Liquidity Services

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 worlds 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 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.

The Liquidity Services team is critical to Northern Trusts mission to deliver world class customer service to our clients. Our team is responsible for managing and projecting the Corporations daily liquidity position of North and South American currencies at agent banks and cash settlement systems such as the Federal Reserve and DTCC. This role will focus on Northern Trusts intraday liquidity management at the Federal Reserve but also provide exposure and career development opportunities in other areas.

This role operates under general supervision but works on their own most of the time. Technically competent to act as first point of reference for day-to-day queries and serves as a liaison to related areas. Has both broad and in-depth knowledge in intraday liquidity management plus strong knowledge of related areas. Carries out relatively complex extensive high profile activities e.g. direct interaction with stakeholders governance committees and senior management. Demonstrates excellent analytical consultative communication and judgment skills. Focuses on maintenance and implementation of policies procedures and productivity in the function building towards becoming a subject matter expert.

Working Model: Hybrid

We have a balanced hybrid working model to ensure you get the flexibility you need and the successful candidate will spend their time between working in the office and working from home.

Major Duties:

Project based

• Subject matter expert on Liquidity for the North and South American markets
• Working closely with Capabilities Treasury and Risk on strategic initiatives to help improve client experience while protecting the banks liquidity
• Represent Cash analysis at various internal liquidity governance forums
• Lead strategic initiatives around liquidity for the practice
• Collaborate with our team across the globe in establishing consistent processes across self-clearing markets
• Drive idea generation across the team and drive process improvements

Day to Day

• Monitor/manage NTs Federal Reserve balance intraday to ensure adequate liquidity is available for funding needs and reserve requirements
• Act as the point of contact for all liquidity escalations
• Collaborate with operations teams client facing partners and Treasury on projected large cash movements that will impact our liquidity position and decision-making
• Focus on maintaining/strengthening business resiliency for liquidity
• Support liquidity monitoring at our agent banks in Canada and various South American markets as needed

Knowledge/Skills:

• Proficient technical and analytical skills (Excel) and collaboration skills (Microsoft Teams)
• Strong project management skills- ability to drive strategic initiatives for the practice to completion
• Ability to proactively identify areas of risk and work closely with stakeholders to establish controls
• Ability to identify process inefficiencies and develop procedural improvements
• Possess the ability to build strong working relationships with various partner areas of the bank
• Possess working knowledge of the firm the custody industry and technology
• Self-driven with a sense of accountability for accuracy and quality of work produced
• An understanding of liquidity management is preferred
• An understanding of the Global markets and swift is beneficial
• #LI-Hybrid
• #LI-GG1

Experience Required

• 8-10 or more years of related business experience. Cash Management experience is strongly preferred.
• Experience with Liquidity Management Engine (LME) and Money Transfer System (MTS) a plus
• Knowledge of the US market (DTC and FED)
• Background in treasury a plus

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension) health and welfare benefits (medical dental vision spending accounts and disability) paid time off parental and caregiver leave life & accident insurance and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

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.

Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply today.#MadeForGreater

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 at .

We hope youre excited about the role and the opportunity to work with us. 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.