About Northern Trust
Recognized as a Fortune 500 company, Northern Trust is an award-winning financial institution with a global presence. Founded in 1889, the company has been in continuous operation for more than 130 years, providing innovative financial services and guidance to some of the world’s most successful individuals, families, and institutions. The company prides itself on remaining true to its enduring principles of service, expertise, and integrity.
With over 22,000 partners, Northern Trust serves its sophisticated clients using cutting-edge technology and exceptional service. The company’s rich history and deep understanding of the financial sector have enabled it to carve a niche in the industry and become a trusted partner to its clients.
Major Duties at Northern Trust
Northern Trust’s robust operations are driven by a team of dedicated professionals who work tirelessly to generate new banking relationships, loans, deposits, and fees. The company’s leadership team also oversees a group of scorecard bankers, responsible for growing and retaining the company’s banking business.
As a banking relationship advisor, a professional at Northern Trust would manage a book of banking and lending clients, source and develop new business opportunities, and coordinate strategies for enhancing client relationships. The company also emphasizes the importance of performance management, training and development, and setting performance standards for the unit.
Leaders at Northern Trust also work closely with Banking Practice Leaders to determine staffing needs, make hiring and termination decisions, handle salary administration, and ensure that resources are available to accomplish the company’s goals and priorities.
Knowledge and Experience at Northern Trust
Northern Trust seeks individuals with outstanding business development skills and deep knowledge of the banking industry. The company values formal education and practical experience in all credit and banking solutions. Understanding of investment, trust, and personal financial consulting concepts is crucial for identifying cross-selling opportunities.
Leadership and organizational skills are required to determine team goals, resources needed, and to assess and develop the skills of the banking team. A successful candidate will have a good grasp of key business drivers and the factors that maximize department performance.
Experience-wise, Northern Trust requires a college degree and at least 10 years of related experience. The company also emphasizes the importance of managing multiple teams, setting departmental priorities, and allocating resources to align with business objectives and the annual plan.
Salary and Benefits at Northern Trust
The salary range at Northern Trust is between $236,555 and $414,115 USD. This is a good faith estimate of base pay and comes with a comprehensive benefits package that includes retirement benefits such as 401k and pension, health and welfare benefits, 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.
Working with Northern Trust
As a Northern Trust partner, you are set for greater achievements. The company promotes a flexible and collaborative work culture, where financial strength and stability inspire new ideas. The company encourages movement within the organization, ensures senior leaders are accessible, and takes pride in its commitment to assisting the communities it serves.
At Northern Trust, you can build a career in a workplace with a greater purpose. The company is always interested in learning more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies.
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 the company’s HR Service Center at [email protected].
The company understands that flexibility means different things to different people and encourages prospective partners to discuss their flexible working requirements during the application process.
For more information, check out their job post Here.
