Senior Trader

Northern Trust
Chicago, Illinois
Workplace: HybridFull timeUSD 160,100 - 272,300 annuallyFunction: Capital Markets, Trading & QuantExperience: 7+ yearsEducation: bachelorsSkills: ["Execution judgment","Risk management","Communication","Relationship management","Autonomy"]

Oversee and execute institutional equity trading across the Americas, including single-stock, portfolio, block, and index-related strategies. Apply advanced execution judgment to select broker, algorithm, and venue approaches based on liquidity and risk, while monitoring outcomes and escalating issues as needed. Serve as a subject matter expert on equity market structure and best execution, supporting clients and internal partners with trading workflows and transaction cost analysis (TCA).

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FursaFursa
Northern Trust
Northern Trust
1 day ago

Senior Trader

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Source: Company careers pageValidated by: Fursa AI
Last checked: 14 hours agoStatus: Live

Job Summary

Oversee and execute institutional equity trading across the Americas, including single-stock, portfolio, block, and index-related strategies. Apply advanced execution judgment to select broker, algorithm, and venue approaches based on liquidity and risk, while monitoring outcomes and escalating issues as needed. Serve as a subject matter expert on equity market structure and best execution, supporting clients and internal partners with trading workflows and transaction cost analysis (TCA).
Location: Chicago, Illinois
Workplace: Hybrid
Employment Type: Full time
Job Function: Capital Markets, Trading & Quant
Seniority: Mid level

Key Responsibilities

  • •Execute institutional equity orders across single-stock, portfolio, block, and index-related strategies while meeting client instructions and best execution standards.
  • •Determine execution approach, broker strategy, algorithm selection, and venue strategy based on market conditions, liquidity, and risk.
  • •Partner with external and internal stakeholders to ensure seamless trade flow, accurate communication, and efficient execution.
  • •Monitor execution quality and outcomes, proactively identify risks or operational issues, and escalate with urgency and judgment.
  • •Use pre-trade and post-trade transaction cost analysis (TCA) to inform execution strategy and evaluate broker/venue performance.

Pay and Benefits

Salary: USD 160,100 - 272,300 annually
Perks:401kPensionHealth InsuranceDentalVisionPaid LeaveParental LeaveCaregiver LeaveLife InsuranceDisability

Key Requirements

  • •College degree or equivalent experience.
  • •7+ years of institutional equity trading experience executing large, complex orders across varying market conditions.
  • •Strong understanding of equity market structure, liquidity dynamics, execution venues, algorithmic strategies, and best execution requirements.
  • •Ability to manage significant trading activity while balancing client objectives, execution quality, risk management, and operational discipline.
  • •Experience analyzing and interpreting transaction cost analysis (TCA), execution metrics, and performance data.
Experience:7+ yearsInstitutional equity tradingAlgorithmic trading
Education:Bachelor's
Skills:Execution judgmentRisk managementCommunicationRelationship managementAutonomy
Certifications:CFAMBA
Tech Stack:Transaction cost analysis (TCA)Algorithmic tradingExecution venuesMarket structure

Eligibility

Visa:H-1BL-1TNO-1E-3H-1B1F-1J-1OPTCPT
Work Authorization:Authorization required. Sponsorship not provided.

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
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