Northern Trust

3 months ago

Trading Research/Transaction Cost Analyst

✓ Verified Job

Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI

Last checked: 13 hours agoStatus: Live

Job Summary

Analyze and optimize transaction costs and routing across asset classes (Equity, Fixed Income, Derivatives, FX) to improve trading efficiency. Support day-to-day reporting with risk/compliance teams and help evolve the trading research analytics platform, leveraging data across large datasets and multiple tools. Strong data visualization, SQL/ETL skills, and collaboration with trading desks are essential.

Location: Chicago

Workplace: Onsite

Employment Type: Full time

Job Function: Research & Scientific (R&D)

Key Responsibilities

•Perform transaction cost analysis across multiple asset classes (primarily Equity, Fixed Income, Derivatives, and FX).
•Analyze and optimize routing, venue, platform decisions and dealer selection in coordination with the trading teams
•Evaluate dealer panels and dealer participation
•Maintain and evolve the dealer benchmarking process.
•Plays key role in supporting day-to-day business reporting, working closely with risk, compliance, and client reporting teams.
•Works to evolve our trading research and analytics platform.

Pay and Benefits

Salary: USD 116,100 - 197,300 annually

Perks:401kPensionHealth InsuranceLife InsuranceEquity

Key Requirements

•5+ years of experience in the trading process with cost analysis.
•Undergraduate degree from an accredited university; CFA or MBA program preferred.
•Highly experienced with database structures, data modeling, ETL processes and large data sets (SQL, Azure, Snowflake, Excel).
•Experience with data visualization software (Power BI or Tableau).
•Experience with trading order management systems (OMSs), back-end trading architecture, and API data access.

Experience:5+ yearsFinancial servicesTradingCapital markets

Education:Bachelor's

Skills:CommunicationProblem-solvingPresentationOrganizationTeamwork

Certifications:CFAMBA

Tech Stack:SQLMicrosoft AzureSnowflakeMicrosoft ExcelPower BITableauOMSAPIs

Company Brief

Northern Trust

Global financial services firm providing wealth management, asset servicing, asset management, and banking solutions to institutions, corporations, and affluent individuals, with a focus on custody, investment management, and technology-driven services.

Industry: Asset Management

Company Size: Enterprise (1,001+ employees)

Revenue: USD 1B+

Growth: Public Company

Valuation: Public Company (Market Cap in USD)

Funding: IPO / Publicly Listed

Headquarters: Chicago, United States

Founded: 1889

Glassdoor: 3.9

Website LinkedIn

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Northern Trust

3 months ago

Trading Research/Transaction Cost Analyst

✓ Verified Job

Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI

Last checked: 13 hours agoStatus: Live

Job Summary

Location: Chicago

Workplace: Onsite

Employment Type: Full time

Job Function: Research & Scientific (R&D)

Key Responsibilities

•Perform transaction cost analysis across multiple asset classes (primarily Equity, Fixed Income, Derivatives, and FX).
•Analyze and optimize routing, venue, platform decisions and dealer selection in coordination with the trading teams
•Evaluate dealer panels and dealer participation
•Maintain and evolve the dealer benchmarking process.
•Plays key role in supporting day-to-day business reporting, working closely with risk, compliance, and client reporting teams.
•Works to evolve our trading research and analytics platform.

Pay and Benefits

Salary: USD 116,100 - 197,300 annually

Perks:401kPensionHealth InsuranceLife InsuranceEquity

Key Requirements

•5+ years of experience in the trading process with cost analysis.
•Undergraduate degree from an accredited university; CFA or MBA program preferred.
•Highly experienced with database structures, data modeling, ETL processes and large data sets (SQL, Azure, Snowflake, Excel).
•Experience with data visualization software (Power BI or Tableau).
•Experience with trading order management systems (OMSs), back-end trading architecture, and API data access.

Experience:5+ yearsFinancial servicesTradingCapital markets

Education:Bachelor's

Skills:CommunicationProblem-solvingPresentationOrganizationTeamwork

Certifications:CFAMBA

Tech Stack:SQLMicrosoft AzureSnowflakeMicrosoft ExcelPower BITableauOMSAPIs

Company Brief

Northern Trust

Industry: Asset Management

Company Size: Enterprise (1,001+ employees)

Revenue: USD 1B+

Growth: Public Company

Valuation: Public Company (Market Cap in USD)

Funding: IPO / Publicly Listed

Headquarters: Chicago, United States

Founded: 1889

Glassdoor: 3.9

Website LinkedIn