Northern Trust

Specialist - Liquidity Regulatory Reporting

Northern Trust$137K — $233K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years of relevant work experience with a four-year degree.
  • Strong understanding of liquidity concepts and regulatory reporting.
  • Proven ability to analyze balance sheets and execute general ledger adjustments.
  • Experience with data analytics and regulatory reporting platforms preferred.
  • Excellent written and verbal communication skills for executive-level presentations.
  • Familiarity with intercompany transactions across consolidated entities.
  • Strong control mindset with focus on compliance and accuracy.

Responsibilities

  • Own and oversee the daily submission of the FR 2052a process to the Federal Reserve.
  • Collaborate with cross-functional teams including Accounting, Risk, and Treasury.
  • Maintain and ensure compliance with established procedures and standards.
  • Analyze balance sheet changes to promptly resolve discrepancies.
  • Produce daily and monthly liquidity reports for Senior Management Committees.
  • Advise senior management on regulatory implications of new transactions.
  • Engage in strategic liquidity management and regulatory change initiatives.

Benefits

  • Balanced hybrid working model for flexibility.
  • Comprehensive retirement benefits including 401k and pension plans.
  • Health and welfare benefits covering medical, dental, and vision.
  • Paid time off along with parental and caregiver leave.
  • Life and accident insurance, plus additional voluntary benefits.
  • Discretionary bonus program potentially including equity component.
Full Job Description
The Specialist - Liquidity Regulatory Reporting role is responsible for the review, approval and submission of complex liquidity regulatory reports, with a primary focus on the FR 2052a. The candidate for this role should have familiarity with FR 2052a regulatory reporting requirements and the daily submission process, including being able to provide coverage to review exceptions and process FR 2052a adjustments as part of the daily submission.

  • Responsible for owning the daily production and submission of the FR 2052a process to the Federal Reserve.
  • Requires close collaboration with cross-functional teams across the Bank, including Accounting Policy, Controllers, Risk and global Treasury partners.
  • Responsible for owning and maintaining Procedures and Standards to ensure regulatory compliance with applicable regulatory bodies and reporting requirements are met.
  • Research and analyze day over day balance sheet movements and accounts out of balance with the goal of remediating in a short timeframe.
  • Production of daily and monthly MIS liquidity reporting to broad distribution including Senior Management Committees including Corporate Asset and Liability Management Committee.
  • Advises business unit senior management on regulatory implications of proposed transactions and new product offerings.
  • Participate in strategic liquidity management initiatives and regulatory change projects, including process enhancements and automation opportunities.


Knowledge:
  • Proven ability to analyze balance sheet and perform general ledger adjustments.
  • Experience with data analytics, reporting tools, and/or regulatory reporting platforms is preferred.
  • Represent the firm in industry advocacy forums regarding liquidity reporting initiatives.
  • Ability to communicate complex regulatory and financial topics through executive-level presentations and written materials.
  • Understanding of intercompany transactions performed across consolidated entities.
  • Strong control framework and control check mindset.
  • Ability to collaborate with other groups to identify exceptions and post adjustments (mirroring general ledger entries) in a short timeframe.
  • 10+ years of work experience with related four-year degree.
  • Understanding of liquidity concepts and regulatory reporting.


WorkingModel: Hybrid (#LI-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.

Salary Range:
$137,400 - 233,600 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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