Senior Analyst, IOO_Market Operations

Job title: Senior Analyst, IOO_Market Operations

About the Role The Senior Analyst, IOO Market Operations will independently execute and oversee trade lifecycle activities to ensure timely and accurate settlements while mitigating operational risk. The role spans Trade, FX, Cash, and Settlements, requiring strong product and process knowledge and the ability to resolve complex exceptions and support governance and controls.

What You'll Do

• Independently support prematching, confirmation, settlement, and post-settlement activities across equities, fixed income, FX, and related asset classes.
• Own end-to-end processing from confirmation through settlement, ensuring accuracy, timeliness, and adherence to market cut-offs.
• Validate and match trade details with brokers, custodians, clearing houses, and internal systems.
• Investigate and resolve trade breaks, settlement fails, cash breaks, and discrepancies, coordinating with counterparties and internal teams.
• Identify and mitigate settlement risk, counterparty risk, and currency risk, escalating material or aged issues appropriately.
• Act as the first point of escalation for Analysts, providing guidance and resolution support before further escalation to Technical Coordinators or Team Leaders.
• Provide clear status updates and recommended actions when escalating unresolved or high-risk items.
• Execute processes in line with SOPs and DPAD documentation, ensuring control discipline and audit readiness.
• Ensure operational adherence to applicable regulations and market standards.
• Support internal controls and best practices designed to minimize operational, financial, and client risk.
• Perform and oversee ledger postings to books of accounts, identify cash and stock breaks, and ensure timely investigation and resolution.
• Identify recurring issues, manual touchpoints, and control gaps; propose process improvements and efficiency enhancements.
• Support automation and change initiatives by providing functional insights, test support, and BAU validation.
• Provide training, coaching, and day-to-day guidance to Analysts, supporting skill development and consistent execution of best practices.
• Act as an operational contact for brokers, custodians, investment managers, and internal stakeholders for issue resolution and clarifications.
• Collaborate effectively with Front Office, Risk, Compliance, and internal Operations teams to resolve market operations queries.
• Demonstrate resilience and sound judgement while operating in a high-volume, time-critical environment.

What We're Looking For

• Bachelor’s degree or equivalent relevant work experience in Finance, Economics, Business, or a related field.
• 3+ years of experience in banking or investment operations, with exposure to Trade, Cash, FX, or Settlements.
• Strong working knowledge of trade and forex lifecycle processes, settlement cycles, and cash flows.
• Familiarity with settlement and market infrastructure platforms such as SWIFT, CLS, DTCC, Euroclear, CREST, or equivalent.
• Strong analytical and problem-solving skills with the ability to manage multiple priorities.
• Flexibility to support North America shifts.
• For internal, minimum 2+ years in the current role as Analyst or lateral role with 1+ years of experience.

Nice to Have

• Experience supporting automation and change initiatives; testing support and BAU validation.
• Ability to train, coach, and mentor Analysts.

Compensation & Benefits

• Salary not disclosed in this posting.
• Northern Trust offers a flexible and collaborative work culture with opportunities for growth and community involvement.