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About the Role

Maintain the Bank’s Liquidity reserve position and clearing balance for all managed currencies.

Responsibilities

• Manage balance sheet liquidity by executing trades with external counterparties using money market instruments including fixed term deposits, repurchase agreements, short term Government Bills, and Foreign Exchange Swaps.
• React to incoming/outgoing deposit flows to ensure prudent balance sheet management.
• Assist in managing the longer-dated HQLA securities portfolio within the International Treasury team, including asset classes like Supranational, Sovereign, Agency securities, covered bonds, and ABS.
• Collaborate with Global Counterparty Credit to diversify the investable universe and maximize investment opportunities.
• Assist in determining Bank deposit interest rates based on market trading knowledge and investment options.
• Employ funding strategies to achieve the lowest cost funds within established liquidity constraints.
• Monitor market conditions via Bloomberg, news sources, communications, and analysis from brokers/dealers and counterparties.
• Update spread levels for input into the Investment portfolio strategy.
• Manage the utilization of the Bank’s securities and loan collateral to support borrowings, regulatory requirements, and participation in Financial Market Utilities.
• Act as a liaison to Central Banks regarding direct transactions, collateral management, and other issues.
• Compile financial management data to understand and communicate balance sheet change drivers.

Requirements

• Certified Person (CP) status.
• Proven experience in market operations trading.
• Thorough business knowledge, preferably in financial markets or bank operations.

Skills

• Expanded conceptual knowledge of markets and market activity.
• Understanding of key business drivers to accomplish work.
• Ability to explain complex information clearly.
• Knowledge of Central Bank monetary policy and practices, interest rates, foreign exchange, and credit markets and theory to monitor and manage cash positions in various currencies.
• Knowledge of banking operations to understand and project balances and positions.
• Knowledge of Bloomberg (beneficial).
• Analytical skills to resolve exceptions.
• Ability to use various software packages to compile data for reports and to purchase and sell funds.
• Ability to apply a wide variety of financial analysis and economic methodologies to understand and interpret market behavior and make financial decisions.

Experience Level

• Senior level.

Benefits

• Flexible and collaborative work culture.
• Encouraged internal movement within the organization.
• Accessible senior leaders.
• Pride in working for a company committed to assisting communities.
• Focus on work-life balance.
• Career mobility.
• Unique opportunities.

About the Company

• Northern Trust is a Fortune 500, globally recognized, award-winning financial institution operating continuously since 1889.
• Provides innovative financial services and guidance to the world’s most successful individuals, families, and institutions.
• Committed to enduring principles of service, expertise, and integrity.
• Over 130 years of financial experience and more than 22,000 partners.
• Serves sophisticated clients using leading technology and exceptional service.
• A global financial leader with over 22,000 employees in 23 locations worldwide.
• Empowers employees to achieve more than just business goals.
• Named one of the world’s most admired and sustainable companies.

Equal Opportunity

• Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities.
• If a reasonable accommodation is needed for any part of the employment process, contact the HR Service Center via email or phone.
• Values an inclusive workplace and understands flexibility.
• APAC/INDIA EEO: Provides equal employment opportunities to all employees and applicants without discrimination based on race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age.
• Canada EEO: An Equal Opportunity Employer; hiring and other employment decisions are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.
• EMEA EEO: Provides equal employment opportunities to all employees and applicants without discrimination based on race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age.
• USA EEO: Affords equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status.