Northern Trust

Trader, Brokerage

Northern Trust$116K — $197K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent experience.
  • Minimum 3 years in institutional equity trading or related experience.
  • CFA, MBA, or other advanced credentials preferred.
  • FINRA Series 7, 57, and 63 licenses required.
  • Strong understanding of equity market structure and liquidity dynamics.
  • Demonstrated ability to manage order flow in fast-paced markets.
  • Proven commitment to best execution and risk management.

Responsibilities

  • Execute institutional equity orders across varying market conditions based on client instructions.
  • Determine execution strategies and broker selections based on market conditions.
  • Collaborate with portfolio managers and trading teams for seamless trade flow.
  • Monitor execution quality, identify market risks, and escalate issues appropriately.
  • Operate within trading limits and maintain regulatory compliance.
  • Support audit and compliance processes through accurate trade documentation.
  • Leverage transaction cost analysis to inform trading decisions and improve execution.

Benefits

  • Comprehensive retirement benefits including 401k and pension.
  • Health and welfare benefits such as medical, dental, and vision.
  • Paid time off, including parental and caregiver leave.
  • Life and accident insurance provisions.
  • Participation in a discretionary bonus program.
Full Job Description

Trader, Brokerage

Job Summary

The Trader is responsible for executing and overseeing institutional equity trading activity across the Americas.

The role requires sound execution judgment, a strong understanding of market structure, and the ability to operate effectively within established best execution, risk, and control frameworks.

The Trader works closely with portfolio managers, trading colleagues, and sales traders to deliver high-quality execution outcomes while maintaining a disciplined focus on risk management, operational excellence, and regulatory compliance.

Major Duties

  • Execute institutional equity orders across market conditions while adhering to client instructions and best execution standards.

  • Determine appropriate execution strategies, broker selection, and algorithm usage based on liquidity, market conditions, and trading objectives.

  • Partner with portfolio managers, investment teams, and regional trading desks to ensure seamless trade flow and clear communication throughout the trading lifecycle.

  • Monitor execution quality, identify risks, market developments, and operational issues, and escalate concerns as appropriate.

  • Operate within established trading limits, entitlements, and control frameworks while maintaining compliance with firm policies and regulatory requirements.

  • Support audit, compliance, and regulatory reviews through accurate documentation of trading decisions, execution rationale, and outcomes.

  • Utilize pre trade and post-trade transaction cost analysis, along with other execution analytics, to inform trading decisions and evaluate execution performance.

  • Improve trading workflows, controls, processes, and technology that support execution quality and operational effectiveness.

  • Maintain productive relationships with brokers, counterparties, and internal stakeholders to support execution and market intelligence gathering.

  • Communicate execution strategies, market insights, and trading outcomes to internal and external stakeholders.

Knowledge, Skills, and Experience

  • Bachelor's degree or equivalent experience.

  • Minimum 3 years of institutional equity trading, sales trading, or related buy side or sell side market experience.

  • CFA, MBA, or other advanced credentials are preferred. Experience with trading data, analytics, and execution technology is also preferred.

  • FINRA Series 7, 57, and 63 licenses required.

  • Strong understanding of equity market structure, liquidity dynamics, execution venues, and algorithmic trading strategies.

  • Demonstrated ability to manage order flow and make sound execution decisions in fast changing markets.

  • Proven commitment to best execution, risk management, and operational discipline.

  • Strong communication and relationship management skills, with the ability to interact effectively with institutional clients and internal stakeholders.

  • Experience utilizing execution analytics and transaction cost analysis to evaluate trading outcomes and support decision making.

#LI-MG1

#Hybrid

Salary Range:

$116,100 - 197,300 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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