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.
Summary
The successful candidate will join the Liquidity Services - India team within the Market Operations unit. This partner will hold a comprehensive cash management role, balancing daily cash liquidity activities with ongoing business changes to support both product and Treasury partners. The individual is expected to contribute to the development of new processes, identify solutions, and assess operational impacts. The role requires a solid understanding of all aspects of Cash Management, including cash forecasting, intraday liquidity flows, and complex transitional activities at Sub Custodians.
Additionally, the individual will be responsible for managing Central Bank activities and supporting the Cash Liquidity team. The position demands effective management of priorities, ensuring excellence in execution within a control and risk framework. The partner must be capable of working independently as well as collaboratively within the team, efficiently prioritizing tasks amidst competing deadlines.
The partner will also be required to undertake control and risk tasks for the team.
Key Responsibilities and Expectations
The partner is responsible for proactively ensuring that all relevant documents, such as DPAD and SLD, are properly maintained and periodically reviewed to ensure accuracy and compliance.
This role involves identifying and resolving complex operational and organizational challenges by leveraging resources both within and outside the department as needed.
The partner must evaluate all transition-related tasks, carefully identifying any gaps or issues that may arise during these processes.
Building and maintaining relationships with senior stakeholders is essential. The partner is expected to manage communications effectively to foster collaboration and support business objectives.
The individual should provide support for various ad hoc projects related to liquidity and cash management, contributing expertise and assistance as required.
Extensive collaboration with Treasury and Product partner teams is expected to help deliver company goals and objectives efficiently.
The partner should demonstrate a strategic approach in developing, implementing, and administering programs within their functional areas to drive operational excellence.
A working knowledge of credit and counterparty limits is necessary to support effective risk management and decision-making processes.
The partner is responsible for ensuring that control standards are always met and promptly escalating any risk issues that are identified.
Preparation of monthly reports for senior internal partners and regulators is a key responsibility, ensuring transparency and accountability in operations.
The partner provides support for cash liquidity activities, including forecasting, managing intraday liquidity, and handling credit referrals, to ensure optimal cash flow management.
It is important to identify changes in business or client behavior that can help optimize liquidity management, with a focus on opportunities to deliver cost savings to Treasury and funding functions.
The partner should generate and support new ideas and initiatives, make sound decisions, seek input from others, apply logical thinking, and find effective solutions. All exceptions and escalations received—whether through workflow, emails, or phone calls—must be addressed promptly and tracked for future process improvements.
Ensuring that Business Continuity Plans (BCP) are in place and regularly reviewed is vital. The partner must identify potential roadblocks and ensure that robust plans are developed to address them.
Analysis of the effectiveness and efficiency of current operational processes is required, with the aim of delivering measurable improvements to productivity and client service.
The partner provides risk and control briefings to senior management regarding client servicing, risk management, and strategic planning. Additionally, they review and assist in the harmonization of liquidity management processes and control frameworks across business lines.
Skills and Competencies Required
To excel in this role, candidates must possess strong expertise in Cash Management, supported by comprehensive industry and business knowledge. This foundation allows for effective oversight of cash activities and ensures strategic alignment with organizational goals.
Tactical project management skills are essential, with a particular emphasis on a detailed understanding of cash flows, sub custodian networks, and the impacts these have on both balance sheets and profit and loss statements. Such knowledge is crucial for managing projects that drive operational efficiency and financial accuracy.
A sound grasp of Global Custody or related Securities Industry Cash processing is required. This understanding enables the partner to navigate complex securities operations and contribute to seamless cash processing across the organization.
Solid analytical and research capabilities are fundamental. These skills support data-driven decision-making and facilitate thorough evaluations of operational processes and outcomes.
The ability to approach problem solving with innovation is valued, as it contributes to the development of effective solutions and the continuous improvement of business practices.
Candidates must demonstrate the capacity to set priorities and manage multiple deadlines, ensuring that tasks are completed efficiently and effectively. Strong organizational skills underpin the ability to balance competing demands and deliver results within required timeframes.
Taking ownership of actions and outcomes, and being able to work with minimal supervision, are key attributes. This autonomy supports accountability and drives proactive engagement in daily operations.
Advanced proficiency in Excel, particularly in data analysis, is required. These technical skills enable the partner to handle large data sets, generate meaningful insights, and support accurate reporting.
Knowledge of Central Bank activities—including systems such as CHAPS, Target, RITS, FED, and CREST—is necessary. Familiarity with these platforms ensures effective interaction with global banking systems and supports robust cash management processes.
Excellent oral and written communication skills are mandatory. Clear communication facilitates collaboration with internal and external stakeholders, enhances reporting, and supports the delivery of high-quality client service.
A flexible approach and adaptability to change are important qualities. These traits enable the partner to respond effectively to evolving business needs and market conditions.
A thorough understanding of Operational Risk and Control practices is required. This knowledge ensures compliance with control standards and supports the identification and escalation of potential risk issues in a timely manner.
Experience Required
Candidates should have a minimum of 24 months of experience in a Technical Coordinator or Associate Consultant role. This period of relevant experience provides the foundational expertise needed to navigate the complexities of the position and ensures familiarity with technical coordination or consulting functions.
Additionally, prior experience in Cash Management or Treasury is preferable. Such background equips candidates with practical insights into managing cash flows and treasury operations, further supporting effective performance in the role.
Shift Time - NA Shift (08:30 PM to 05:30 AM IST)
Eligibility - Internal Partners
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 [email protected].
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.
About Our Bangalore Office
The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees. In this stunning office, space, we offer fantastic amenities which include our Arrival Hub – Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.
