Northern Trust

Payment Operations Manager

Northern Trust$154K — $269K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • University degree in a relevant field
  • Experience in the financial services industry specializing in Payment Operations
  • Operations management experience in a complex global setting
  • Demonstrated leadership across multiple jurisdictions
  • Experience with risk, compliance, and resiliency frameworks
  • Ability to manage multiple priorities for high-quality outcomes
  • Strong analytical, problem-solving, and communication skills

Responsibilities

  • Lead the vision and roadmap for the Payment Operations sub-capability
  • Drive modernization efforts to enhance processes and productivity
  • Oversee daily operations ensuring global consistency
  • Maintain oversight of operational processes for timely service delivery
  • Ensure compliance with risk management and regulatory requirements
  • Provide transparency on service delivery and resolve performance issues
  • Build and inspire a diverse, high-performing team

Benefits

  • Comprehensive retirement benefits including 401k and pension
  • Health and welfare benefits including medical, dental, and vision
  • Paid time off, parental and caregiver leave
  • Life and accident insurance
  • Discretionary bonus program potentially including equity component
  • Flexible and collaborative work culture
  • Opportunities for internal movement and career development
Full Job Description
The Payment Operations Manager is accountable for delivering operational excellence, modernization, and continuous improvement of the Payment Operations (sub-Capability) group which forms part of the Payment Services capability.

Reporting to the Global Payment Services Capability Owner, the Payment Operations Manager leads a global team responsible for the timely and accurate processing of payment transactions across Northern Trust direct and indirect clearing channels to include payment lifecycle management and control. The role ensures processes, technology, and people are aligned to deliver high-quality and timely outcomes in a controlled environment.

The Payment Operations manager is the single global point of responsibility for performance, collaborating across functions and geographies to achieve enterprise objectives, and is responsible for identifying and supporting modernization efforts, stewarding data and the technology that underpins resilient service delivery.

Key Responsibilities:

Leadership & Modernization
  • Provide leadership to define and communicate the vision and roadmap for the sub-capability, ensuring alignment with enterprise strategy and client needs.
  • Champion modernization and innovation, identifying opportunities to enhance processes and drive productivity.
  • Partner across functions supporting the sub-capability, ensuring systems are robust, scalable, and future-ready.


Operational Excellence
  • Responsible for delivery of daily operations, ensuring a resilient and globally consistent operating model
  • Maintain operational processes, controls and oversight to ensure timely and accurate service delivery.


Risk Management & Compliance
  • Maintain a robust control environment aligned to enterprise risk & compliance frameworks.
  • Ensure compliance with relevant regulations and internal policies.


Stakeholder & Client Management
  • Comply with service level agreements, providing transparency on service delivery through performance metrics and issue resolution.
  • Provide incident response and crisis management for issues impacting the sub-capability
  • Pursue process improvements that enhance client experience and reduce risk.


Talent & Culture
  • Structure, build, lead and inspire a diverse & high-performing team.
  • Align workforce planning to Capability objectives
  • Foster a culture of accountability, continuous improvement, and service excellence.
  • Manage change effectively, ensuring teams are engaged and resilient.


Data Stewardship & Performance Accountability
  • Maintain responsibility for the quality, completeness, timeliness, and accuracy of all data and outputs aligned with the sub-capability, regardless of where the data sits or which systems produce it.
  • Adherence to data governance standards, regulatory requirements, and risk management practices.


The ideal candidate should have a fair amount of the following skills & experience
  • University degree in a relevant field.
  • Proven experience in the financial services industry with domain expertise in Payment Operations.
  • Proven experience in operations management within a complex, global organization.
  • Proven leadership guiding teams across different jurisdictions.
  • Proven experience operating within risk, compliance, and resiliency frameworks.
  • Operations specialist, with ability to manage multiple priorities and high-quality outcomes
  • Excellent analytical and problem-solving skills.
  • Strong written and verbal communication skills.
  • Demonstrated ability to influence, persuade and deliver concise messaging across a broad, diverse stakeholder group.


Salary Range:
$154,300 - 269,900 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.

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. #MadeForGreater

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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