Northern Trust

Associate Specialist, Cash & Collateral Svc, HFS

Northern Trust$114K — $194K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3-5 years of experience in Treasury-related functions preferred.
  • Strong communication skills, both written and verbal.
  • Proficiency in Excel modeling, including if/then statements and V-lookups.
  • Familiarity with system workflows and application dependencies.
  • Ability to work independently with minimal supervision.
  • An entrepreneurial mindset to contribute in building new solutions.

Responsibilities

  • Support daily client SLAs, including cash-flow processing and margin reporting.
  • Resolve cash breaks and issues related to wire payments with clients.
  • Liaise with shared service teams for daily cash and collateral processing.
  • Assist in the development of scalable, controlled applications within Treasury services.
  • Communicate effectively with IT to test and implement enhancements to systems.
  • Identify and analyze new Treasury service offerings to complement existing products.
  • Participate in business requirements for IT projects related to cash and collateral management.

Benefits

  • 401k and pension retirement benefits.
  • Comprehensive health benefits including medical, dental, and vision.
  • Paid time off and parental/caregiver leave.
  • Life and accident insurance and disability benefits.
  • Discretionary bonus program with potential equity component.
Full Job Description
HFS Overview:

Northern trust hedge fund services offers world-class, scalable technology and dedicated expertise to serve hedge funds and large institutional investors with complex portfolios and product types. The business provides comprehensive middle office and administration services, including trade processing, asset servicing, valuation and profit and loss reporting, cash and collateral management, reconciliations, accounting and NAV calculations and investor servicing and reporting.

Position Overview:

The successful candidate is a mature self-starter with an entrepreneurial spirit and team focus and is able to function independently work in a fast-paced, dynamic and demanding environment. He/she adds value by working on a number of simultaneous tasks/projects with minimal supervision while paying strong attention to detail. A familiarity with Treasury functions and strong communication skills is extremely beneficial.

The key responsibilities of the role include:
  • Support Client SLA's; which may include daily collateral margining and Cash-flow processing, daily reconciliations of bank and custody account activity, margin reporting across prime broker accounts, and timely interaction with shared service teams.
  • Works with clients to resolve cash breaks and issues related to wire payments.
  • Serve as a liaison to other shared service teams and ensure all daily processing from a Cash and Collateral perspective are completed daily
  • Assist in further development of a scalable, controlled and transparent application across NT's Treasury platform
  • Effectively communicate with IT to test and implement system enhancements
  • Help Identify potential Treasury service offerings that would complement our HFA offering. Perform the appropriate analysis and present findings to the team and management.
  • Participates/assists in business requirements for IT projects and enhancements for the cash and collateral management team.


The successful candidate will benefit from having:

Qualifications (Desired)
  • An entrepreneurial spirit, someone who is willing to build something from the ground up.
  • Experience working with system development testing/verifying accuracy of reports.
  • Awareness of system work-flows; and related application dependencies
  • Excellent communication skills; both written and verbal
  • Experience with excel modeling; if/then statements, V-lookups etc.
  • 3-5 years of experience; working within a Treasury related functions is a plus.


Salary Range:
$114,700 - 194,900 USD

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.

About Northern Trust

Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, and fiduciary and banking solutions to corporations, institutions, and affluent individuals. They have evolved with the changing needs of their clients and their world.

Northern Trust Careers

Joining Northern Trust means becoming part of a global financial services institution that is dedicated to providing expert guidance and innovative solutions to its clients. At Northern Trust, we pride ourselves on fostering a culture of leadership, diversity, and innovation, which makes us a premier destination for career growth in the financial industry.

Work You’ll Do

At Northern Trust, you will collaborate with some of the most talented professionals in the financial sector. Our team is committed to excellence and equipped with a diverse range of skills that contribute to our dynamic environment. Here, you will have the opportunity to lead projects that transform our services and drive significant value for our clients across the globe.

Explore Job Opportunities and Internships

Whether you are starting your career or looking to make a significant impact in the financial industry, Northern Trust offers a variety of job opportunities and internships that will help you achieve your professional goals. From entry-level positions to leadership roles, our company is actively hiring individuals who are passionate, curious, and driven to excel.

Innovative Work

Northern Trust is at the forefront of financial innovation. Our employees are encouraged to think creatively and leverage cutting-edge technologies to solve complex problems. By joining our team, you will work on pioneering solutions that redefine the standards of financial services.

Be Part of a Great Team

Our team at Northern Trust is more than just a group of employees – we are a community. We value collaboration, and our culture is built on mutual respect and a commitment to diversity and inclusion. Working with us, you will experience a supportive network that is passionate about sharing knowledge and ideas.

Future-Proof Your Career

Northern Trust is dedicated to your professional development. We offer comprehensive benefits, diversity training, and numerous resources to help you grow your career. With our support, you can expand your skills, gain valuable experience, and achieve professional certifications that will enhance your career trajectory.

Stay Connected

Join Our Team

Discover the perfect role for you at Northern Trust by exploring our current job openings that match your skills and interests. We are looking for professionals who are solution-driven and eager to contribute to our legacy of financial excellence.

Keep Up to Date

Stay informed with the latest career tips, industry insights, and professional growth opportunities—all available through our careers blog. At Northern Trust, we ensure that our team members are always ahead in the industry.

Job Alert Emails

Customize your experience by subscribing to job alerts and insider tips tailored to your preferences. At Northern Trust, exciting and rewarding opportunities are always on the horizon, and we are eager to see where your talents can take us. Join Northern Trust today and be part of a company that values innovation, leadership, and a diverse and inclusive workplace. Here, every position is a chance to contribute to something bigger and to turn your job into a meaningful career.
Learn more about Northern Trust
Size
21,100 employees
Market Cap
$18.1 billion
Industry
Net Income
$1.2 billion
Founded
1889
5 Year Trend
+4.9%
Revenue
$6.1 billion
NASDAQ

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