Trader, Liquidity Management (CP) at Northern Trust

London, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

16 Jul, 26

Salary

0.0

Posted On

17 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Liquidity management, Trade execution, Risk management, Money market instruments, Fixed term deposits, Repurchase agreements, Foreign exchange swaps, HQLA securities portfolio, Counterparty credit, Interest rate analysis, Bloomberg, Collateral management, Financial analysis, Economic methodology, Banking operations, Central bank policy

Industry

Investment Management

Description

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. The Liquidity Management Trader is a Certified Person (CP) opportunity where a high level of training will be provided related to trade and risk management within a defined risk appetite and control environment. Major responsibilities of the role will include: Maintaining the Bank’s Liquidity reserve position and clearing balance for all managed currencies. For all actively managed currencies: Managing the balance sheet liquidity by executing trades with external counterparties via money market instrument including fixed term deposits, repurchase agreements, short term Government Bills and Foreign Exchange Swaps. Reacting to any incoming/outgoing deposit flows to ensure the balance sheet is managed prudently. Assisting in the management of the longer dated HQLA securities portfolio managed within the International Treasury team. Asset classes include Supranational, Sovereign and Agency securities along with covered bonds and ABS. Working with Global Counterparty Credit to ensure the investable universe is diverse and maximises investment opportunities. Assisting in determining the interest rates the Bank will pay on deposits via market trading knowledge and investment options. Employing funding strategies to achieve the lowest cost funds, within established liquidity constraints, for the Bank. Monitoring market conditions via Bloomberg, news sources, communications and analysis from brokers/dealers and counterparties. Update spread levels for input into the Investment portfolio strategy. Managing the utilization of the Bank’s securities and loan collateral to support borrowings, regulatory requirements and participation in various Financial Market Utilities. Acting as a liaison to the various Central Banks regarding the execution of direct transactions (discount window borrowings, investments, etc.), collateral management, and other issues. Compiling data from financial management to understand and communicate drivers of balance sheet changes. The skills and capabilities needed for the selected candidate include: Expanded conceptual knowledge of markets and market activity An understanding of key business drivers; using this understanding to accomplish own work An ability to explain complex information to others in straightforward manner 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, usually acquired through experience, to understand and project balances and positions. Knowledge of Bloomberg beneficial though not essential Analytical skills are needed to resolve exceptions. An ability to use various software packages to compile data for reports and to purchase and sell funds. An ability to apply a wide variety of financial analysis and economic methodologies to understand and interpret market behaviour and make financial decisions. Thorough business knowledge, acquired through work experience preferably in the financial markets or in bank operations. 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.

Responsibilities

The trader is responsible for maintaining the bank's liquidity reserve position and clearing balances across managed currencies. They will execute trades with external counterparties and manage balance sheet liquidity to ensure prudent financial operations.