Senior PT Trader Brokerage
Chicago, IL - USA
Job Summary
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.
Senior PT Trader Brokerage
Role Summary
The Senior Program Trading (PT) Trader is responsible for the execution and oversight of institutional equity program trading activity including portfolio trades index rebalances and basket executions across the Americas.
The role requires advanced execution judgment deep marketstructure expertise and the ability to operate autonomously within established bestexecution risk and control frameworks.
The Senior PT Trader serves as a subjectmatter expert for program trading workflows and execution practices.
Key Responsibilities
Execute complex institutional program trades portfolio baskets and index rebalances across the Americas while meeting client instructions and best execution standards.
Choose the right execution approach broker strategy and algorithm selection based on market conditions liquidity and risk.
Partner closely with PT Sales Traders Hybrid Traders and regional equity desks to ensure seamless trade flow accurate handoffs and timely execution.
Monitor execution quality and trading outcomes identify risks or breaks early and escalate issues with urgency and sound judgment.
Operate within trading limits entitlements and control frameworks while maintaining compliance with firm policies and regulatory requirements.
Support audit compliance and regulatory reviews by clearly documenting execution decisions trade rationale and outcomes.
Use pre trade and post trade transaction cost analysis to shape execution strategy evaluate results and assess broker performance.
Help improve program trading workflows controls and platform enhancements to strengthen execution quality and operational discipline.
Serve as a trusted subject matter expert for clients and internal partners by explaining execution strategy outcomes and controls with clarity and confidence.
Qualifications & Experience
College degree or equivalent experience.
10 years of institutional equity trading experience with a focus on program trading portfolio trading or similar complex execution strategies.
Strong understanding of equity market structure liquidity execution venues and algorithmic trading strategies.
Proven ability to manage large and complex trade flow with sound judgment in fast changing market conditions.
Track record of delivering best execution while maintaining strong risk awareness and operational discipline.
Ability to communicate clearly with institutional clients and internal stakeholders on execution strategy outcomes and trading considerations.
Established institutional client relationships are preferred.
CFA MBA or similar advanced credentials are a plus along with comfort using data and analytics to support execution decisions and transaction cost analysis.
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B L-1 TN O-1 E-3 H-1B1 F-1 J-1 OPT CPT or any other employment-based visa)
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Salary Range:
$160100 - 272300 USDSalary 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.
Required Experience:
Senior IC
About Company
Discover Northern Trust’s trusted financial services for individuals, families, and institutions. Guided by service, expertise, and integrity since 1889, we offer wealth management, asset servicing, and investment solutions tailored to your goals.