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Northern Trust

Senior Consultant, Collateral Management, Middle Office

Northern Trust

. Manage the daily margin process across OTC (bilateral and centrally cleared), Repo and Futures for Middle Office clients .

Posted 4/28/2026full-timeChicago • Illinois • 🇺🇸 United StatesSenior💰 $83,100 - $141,300 per yearWebsite

About the role

Key responsibilities & impact
  • Manage the daily margin process across OTC (bilateral and centrally cleared), Repo and Futures for Middle Office clients
  • Respond quickly and accurately to requests in a high volume, time sensitive trading environment
  • Lead key client implementations to onboard Collateral clients in accordance with SLA
  • Review and setup of client collateral terms based upon ISDA, GMRA or similar docs
  • Administer process to deliver and exchange securities in accordance with client’s eligibility rules
  • Direct month-end collateral interest process from reconciliation to settlement
  • Oversee margin reconciliations and resolution of breaks through TriResolve platform

Requirements

What you’ll need
  • 4-6+ years of work experience with direct experience in Collateral Management
  • Experience in project management and client interaction
  • Understanding of basic accounting principles and procedures
  • Familiarity with Hedge Fund structures, products and financial instruments
  • Excellent written and oral communication skills

Benefits

Comp & perks
  • 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

ATS Keywords

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Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
Collateral ManagementMargin ProcessReconciliationSettlementAccounting PrinciplesProject ManagementClient ImplementationSecurities ExchangeISDAGMRA
Soft Skills
CommunicationClient InteractionLeadershipOrganizational SkillsTime Management