About Northern Trust: A Leading Financial Institution
Northern Trust, a Fortune 500 company, is a globally recognized and award-winning financial institution. With a rich history that dates back to 1889, it has over 130 years of experience in the financial sector. This makes it one of the oldest and most trusted financial organizations in the world. Northern Trust is known for its innovative financial services and guidance, which it offers to the world’s most successful individuals, families, and institutions. The company attributes its success to its enduring principles of service, expertise, and integrity. With over 22,000 partners, Northern Trust serves the world’s most sophisticated clients using leading technology and exceptional service. [source]
The Role and Responsibilities within Northern Trust
At Northern Trust, the associates play a crucial role in managing client portfolios and the internal administration of accounts. They are responsible for maintaining regular communication with clients, attending client meetings, and assisting Relationship Managers with business development plans and client presentations. Further, they manage a portfolio of clients and make credit presentations at the Group Credit Committee.
The associates work in coordination with the Account Managers and CSST on deposit-related transaction processing. This includes execution of daily client transaction activity, such as account opening, exception clearing, overdrafts, fees, payments, and borrowing. They also handle inquiry resolution, obtain appropriate documentation necessary for credit underwriting, and ensure system information is up-to-date.
Developing Understanding and Efficiency
One key aspect of the role involves developing a clear understanding of clients’ needs behind service requests and communicating those to service partners. The associates are also responsible for identifying service efficiency enhancements, process improvements, and service delivery using creative and proactive measures. A large part of their job involves regular communication with clients to inform them about account set-up or status, past due loans, document requests, or other information.
Knowledge and Experience Required for the Role
The associate role at Northern Trust requires a sound knowledge of banking products and services, along with credit underwriting experience. This experience can be obtained through working in the National Credit Services Center or at another financial institution. The associates also need strong analytical, problem-solving, and organizational skills. A minimum of 5+ years’ experience in financial servicing/accounting fields with a client servicing background is required for the role. Formal credit training is also necessary with at least one year of experience performing credit analysis and underwriting. [source]
Working with Northern Trust: A Journey towards Greater Achievements
Working with Northern Trust is a journey towards greater achievements. As a Northern Trust partner, you will be part of a flexible and collaborative work culture. The organization’s financial strength and stability encourage the exploration of new ideas. Northern Trust also promotes movement within the organization, ensuring that senior leaders are accessible and approachable. The company takes pride in its commitment to assisting the communities it serves, making it a workplace with a greater purpose. [source]
Northern Trust is always eager to learn more about potential employees and how their interests and experience could be a fit with one of the world’s most admired and sustainable companies. Therefore, Northern Trust encourages interested individuals to apply and discuss their flexible working requirements, thus paving the way towards achieving greater together.
Commitment to Reasonable Accommodation
As an organization, 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, Northern Trust has an HR Service Center at [email protected] to assist. This commitment reflects Northern Trust’s understanding that flexibility means different things to different people, and it values an inclusive workplace that caters to this diversity. [source]
