Specialist – Liquidity Regulatory Reporting

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

The Specialist – Liquidity Regulatory Reporting role is responsible for the review, approval and submission of complex liquidity regulatory reports, with a primary focus on the FR 2052a. The candidate for this role should have familiarity with FR 2052a regulatory reporting requirements and the daily submission process, including being able to provide coverage to review exceptions and process FR 2052a adjustments as part of the daily submission.

• Responsible for owning the daily production and submission of the FR 2052a process to the Federal Reserve.
• Requires close collaboration with cross-functional teams across the Bank, including Accounting Policy, Controllers, Risk and global Treasury partners.
• Responsible for owning and maintaining Procedures and Standards to ensure regulatory compliance with applicable regulatory bodies and reporting requirements are met.
• Research and analyze day over day balance sheet movements and accounts out of balance with the goal of remediating in a short timeframe.
• Production of daily and monthly MIS liquidity reporting to broad distribution including Senior Management Committees including Corporate Asset and Liability Management Committee.
• Advises business unit senior management on regulatory implications of proposed transactions and new product offerings.
• Participate in strategic liquidity management initiatives and regulatory change projects, including process enhancements and automation opportunities.

Knowledge:

• Proven ability to analyze balance sheet and perform general ledger adjustments.
• Experience with data analytics, reporting tools, and/or regulatory reporting platforms is preferred.
• Represent the firm in industry advocacy forums regarding liquidity reporting initiatives.
• Ability to communicate complex regulatory and financial topics through executive-level presentations and written materials.
• Understanding of intercompany transactions performed across consolidated entities.
• Strong control framework and control check mindset.
• Ability to collaborate with other groups to identify exceptions and post adjustments (mirroring general ledger entries) in a short timeframe.
• 10+ years of work experience with related four-year degree.
• Understanding of liquidity concepts and regulatory reporting.

Working Model: Hybrid (#LI-Hybrid)

We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa)

Salary Range:

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.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

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 committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.