Northern Trust · 1 month ago
Consultant, Fixed Income and Bank Debt, Middle Office, Hedge Funds Services
Chicago, IL
Full-time
Onsite
Entry, Mid Level
$74K/yr - $126K/yr
2+ years expNorthern Trust is a globally recognized financial institution that has been in operation since 1889. The Consultant will support operational execution and process improvement for bank loan trade closing, lifecycle event processing, and reconciliations, serving as a key team member in a rapidly expanding global fund administrator.
BankingFinanceFinancial ServicesWealth Management
Responsibilities
Support multiple clients in a fast-paced, challenging environment, demonstrating increasing autonomy and initiative
Liaise with clients, counterparties, and agents to facilitate the closing of syndicated bank loan trading activity on ClearPar
Independently verify, process, and reconcile trading and lifecycle activities for syndicated and private bank loan investments
Monitor and maintain bank debt positions to ensure accurate P&L for financial reporting
Assist in resolving complex operational issues and escalate when necessary
Contribute to process improvements and operational efficiency initiatives
Build and strengthen internal and external relationships
Provide guidance and training to junior team members as needed
Qualification
Required
Bachelor's degree in Finance, Accounting, or related field with 3.0 GPA or higher
2–5 years of relevant operational experience supporting syndicated, leveraged, and/or private loans
Ability to work independently and cooperatively within a team environment
Strong client focus and professional communication skills
Ability to handle multiple tasks simultaneously and with accuracy
Excellent written and oral communication skills
Ability to meet time-sensitive deadlines with appropriate sense of urgency
Detail and process oriented, with a proactive approach to problem-solving
Proficient in Microsoft Excel and other MS Office applications
Preferred
Experience with ClearPar and Bank Loan Closing preferred; familiarity with LSTA closing documents is a plus
Benefits
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
Other voluntary and well-being benefits
Discretionary bonus program that may include an equity component
Company
Northern Trust
Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, fiduciary and banking.
10001+ employees
H1B Sponsorship
Northern Trust has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (180)
2024 (203)
2023 (102)
2022 (74)
2021 (298)
2020 (83)
Funding
Current Stage
Public CompanyTotal Funding
$1.25B2025-11-20Post Ipo Debt· $1.25B
1978-01-13IPO
Leadership Team
Michael O'Grady
President, Chief Executive Officer & Director
Peter Cherecwich
Chief Operating Officer
Recent News
Business Wire
2025-12-18
2025-12-11
Company data provided by crunchbase