Northern Trust

Sr. Consultant, Derivatives

Chicago, IL
29 Feb 2024
29 Mar 2024
Contract type
Full time
Experience level
Qualified accountant

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 Northern Trust Company seeks a Specialist, in Derivatives to create automation, improve operational scalability, reduce operational risk, and identify and solution potential risk situations as part of the Agile change management team. Provide support for complex over the counter (“OTC”) derivative products including settlements, trade support, and third-party derivative valuation and risk models. Gather and define requirements to meet the stated business or technical outcome, and translate complex business requirements into clearly defined, actionable tasks. Use data modeling to improve visualization of data and generate reporting. Participate in system engagement projects and oversee process improvement initiatives. Develop test cases and test packs, validate test results, and provide training and documentation for user adoption.

Major Duties:

  • Participate in system enhancement projects and oversee process improvement initiatives through to implementation
  • Ensure a culture of continuous improvement exists throughout the team, encouraging staff to identify ways to improve processing and implement best market practice
  • Serve as subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level
  • Assist staff with technical queries and provide coaching in the research and resolution of complex issues
  • Carrie out activities that are large in scope, cross-functional and technically difficult
  • Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities
  • Ensure operational risk is inherently reduced and any potential risk situations are promptly identified and escalated
  • Operate independently; has in-depth knowledge of business unit / function


  • Experience in the automation of business processes, identifying gaps or potential room for enhancements.
  • Experience in using agile project software, with the capacity to utilize tools such as Kanban boards
  • Knowledge of financial regulation governing the derivatives industry – highly preferable
  • Strong Client Service acumen – the candidate should be able to successfully navigate the line between managing expectations and delivering on objectives
  • Degree in Finance or related field and/or equivalent work experience.

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’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today.

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 you’re 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.

For further information, and to apply, please visit our website via the “Apply” button below.

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