About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role
This person will be a part of a client service team focusing on the middle office loan administration function. As the primary client contact for Private Debt,the person will oversee Loan trade capture, trade affirmation to Loan lenders, life-cycle event processing and asset servicing on the FIS VPM Platform
The successful candidate will be a self-starter who has demonstrated the ability to function in a fast-paced, dynamic and demanding environment. Thisperson needs to be able to resolve conflict within a short period of time and add value by working on a number of simultaneous tasks with minimalsupervision, exemplary follow-through while paying special attention to detail. A familiarity with middle office Loan trading support and debt securityproducts is an advantage but not required.

Principal Responsibilities

Support the daily processing for Loan securities including Private Debt loans, Direct Lending loans, Club loans, Broadly syndicated loans (BSLs).E.g. Term Loans, Revolvers, Delayed Draw Term LoanProactively and accurately identify incoming agent notices; process all life cycle events for portfolios containing multiple asset types.Collaborate with Loan Administrators to interpret, problem-solve and to help better understand loan related information to resolve exceptionsCommunicate clearly and efficiently with agent banks to confirm and obtain loan notices.Effectively communicate with internal and external parties including Loan Agents, Fund Accountants, Recon, Custody, Auditors, Vendors, Client,tailoring information to audience as required.Support the daily processing for securities including Bonds, Equities and FX Forwards.Liaison between clients, loan agents and internal teams to resolve breaks and open reconciling items to ensure timely settlement.Process trade corrections and manage pre-settlement confirmation process for all types of private loan securities, including debt, equities, and bonds,traded in international markets.Manage all daily activities by providing clients with portfolio positions, posting transactions, and delivering information to Fund Accounting teams.Effective investigation and reconciliation of breaks and established escalation processMonitor trade capture process and upload trades to the FIS VPM Platform.Create and maintain process flows and control tools to accommodate new business needs.Build and maintain internal and external relationships.Proactively taking on additional responsibilities and administrational tasks as required by your managers or clients

Skills / Experience

Loan administration and private debt financial security instruments experienceExperience of the Private Debt trade flowExperience of FIS VPM vended application an advantage.Ability to work under pressure and maintain high standards when dealing with tight deadlines, high volumes and demanding trading desks andclientsProficiency in Microsoft Excel, Teams, Outlook, PowerPoint,.Excellent written and oral communication skillsProven team player, taking ownership for own role while contributing to wider team effortsKnowledge of custody, securities lending, prime brokerage, market trading practices and position processing treatment

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

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.