Northern Trust

Sr Associate, Brokerage Ops

Northern Trust • $67K — $111K *
Chicago, IL 60629In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in brokerage operations or a related field
  • Strong understanding of trade execution, reconciliation, and settlement processes
  • Proficiency in handling client static data and ensuring compliance with regulatory standards
  • Analytical skills to solve complex issues with attention to detail
  • Experience collaborating cross-functionally within diverse teams
  • Familiarity with Central Trade Manager or similar trade confirmation systems

Responsibilities

  • Provide end-to-end support for brokerage operations, from trade execution to settlement
  • Manage account opening processes with key internal teams for accuracy
  • Maintain comprehensive client static data for various trading functions
  • Ensure documentation accuracy and compliance with regulatory procedures
  • Allocate transactions across client accounts and manage confirmations
  • Monitor trade matching and settlement, resolving discrepancies as needed
  • Support daily reconciliation and position management to ensure compliance
  • Drive process improvements and operational efficiencies across brokerage teams

Benefits

  • Comprehensive health benefits including medical, dental, and vision
  • 401k and pension retirement plans
  • Generous paid time off policies and parental leave
  • Life and accident insurance coverage
  • Voluntary and well-being benefits, including spending accounts
  • Discretionary bonus program with potential equity component
Full Job Description
Key Responsibilities

Major Duties
  • Provide end-to-end brokerage operations support from trade execution and book-out through allocation, confirmation, settlement, and reconciliation.
  • Manage the account opening process in partnership with Client Integration, Compliance, Sales Trading, and Operations teams to ensure timely and accurate completion of required steps.
  • Maintain client static data, including confirmation setup, commission rates across markets, sub-account configuration, booking preferences, and client settlement instructions.
  • Review documentation and account activity for accuracy, completeness, and compliance with internal procedures and applicable regulatory expectations.
  • Book out and allocate equity, fixed income and option transactions to the appropriate client accounts, ensuring timely confirmation through Central Trade Manager or manual confirmation workflows.
  • Monitor market-side and client-side trade matching and settlement, identify exceptions, resolve mismatches, and work with clients, execution brokers, and internal teams to support high settlement performance.
  • Apply commercial awareness to settlement risk, including high-value trades, sensitive clients, debit-interest exposure, and time-critical market requirements.
  • Support daily reconciliation and position management to ensure agency brokerage accounts are flat of position and profit/loss at end of day, with any error positions documented and handled in accordance with regulatory and internal control requirements.
  • Analyze complex issues using multiple sources of information, identify practical solutions, and escalate matters appropriately when risk, client impact, or business impact is identified.
  • Contribute to process improvement, operational efficiency, and control enhancements across the team, including support for large, complex, or cross-functional projects.
  • Partner with colleagues across related teams to support service delivery, strengthen team dynamics, and promote consistent execution of brokerage operations standards.


Salary Range:
$67,500 - 111,500 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.

Work Authorization

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).

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
Finance & Insurance
Net Income
$1.2 billion
Founded
1889
5 Year Trend
+4.9%
Revenue
$6.1 billion
NASDAQ
NTRS
* Ladders Estimates

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