Summary:

Under general supervision (but works independently most of the time) responsible for handling and processing transactions for the Securities Lending group. Demonstrates a clear understanding of the securities lending product and the process flow followed. You will be working in the Securities Lending Canadian Collateral team and responsible for daily collateralization of Canadian borrowers. This role will follow the Canadian Holiday market schedule. The Securities Operations practice is dedicated to the highest quality service in a controlled environment and in an efficient manner.

Major Responsibilities:

• Maintain collateralization levels across borrowers.
• Speak with external counterparties as well as trading desk to coordinate the collateralization of daily Securities Lending activity.
• Facilitate the settlement of new loan and return activity.
• Monitor daily exceptions and be knowledgeable on how to resolve those exceptions.
• Understand market rules and cutoff times.
• Carries out complex activities with significant financial, client, and / or internal business impact.
• Able to serve as a key subject matter expert and mentor to other more junior level employees.
• May manage daily operational activities and supervise day-to-day work of junior level employees (but not a formal management role).
• More technically sound in area of expertise and has broader knowledge of other areas.
• Delivers a work product that requires less revision.
• Able to facilitate discussions and reach decisions.

Knowledge / Skills

• Excellent oral and written communication skills are required

• In-depth Securities Operations / Industry Knowledge is required

• Highly flexible and adaptable to change

• Works well in team setting and can multi-task

• Time management skills are required as this role is highly sensitive to daily cutoffs

EXPERIENCE REQUIRED:

A College or University degree and / or relevant Securities Operations work experience is required.

About Northern Trust:

Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With over 130 years of financial experience and nearly 20,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Working with Us:

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!

We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why we are honored to receive the following awards in 2021:

• Gender Equality Index Member, Bloomberg
• Top Financial & Banking Company, Black EOE Journal, Hispanic Network Magazine, Professional WOMAN'S Magazine

We'd love to learn more about how your interests and experience could be a fit with one of America's best banks and most sustainable companies! Build your career with us and apply today.