Trader, Brokerage

Northern Trust
Chicago, New York
Workplace: HybridFull timeUSD 116,100 - 197,300 annuallyFunction: Capital Markets, Trading & QuantExperience: 3-7 yearsEducation: bachelorsSkills: ["Execution judgment","Risk management","Operational discipline","Communication","Relationship management"]

Execute and oversee institutional equity trading activity across the Americas, making sound execution decisions within best execution, risk, and control frameworks. Develop execution strategies, broker and algorithm selections, and coordinate closely with portfolio managers, trading colleagues, and sales traders to ensure clear trade flow. Monitor execution quality, manage trading limits, and support audit/compliance through accurate documentation and execution analytics, while improving trading workflows and controls.

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FursaFursa
Northern Trust
Northern Trust
2 days ago

Trader, Brokerage

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Last checked: 10 hours agoStatus: Live

Job Summary

Execute and oversee institutional equity trading activity across the Americas, making sound execution decisions within best execution, risk, and control frameworks. Develop execution strategies, broker and algorithm selections, and coordinate closely with portfolio managers, trading colleagues, and sales traders to ensure clear trade flow. Monitor execution quality, manage trading limits, and support audit/compliance through accurate documentation and execution analytics, while improving trading workflows and controls.
Location: Chicago, New York
Workplace: Hybrid
Employment Type: Full time
Job Function: Capital Markets, Trading & Quant
Seniority: Mid level

Key Responsibilities

  • •Execute institutional equity orders across market conditions while adhering to client instructions and best execution standards.
  • •Select execution strategies, brokers, and algorithms based on liquidity, market conditions, and trading objectives.
  • •Partner with portfolio managers, investment teams, and regional trading desks to ensure seamless trade flow and communication.
  • •Monitor execution quality, identify risks and operational issues, and escalate concerns as appropriate.
  • •Use pre- and post-trade transaction cost analysis and execution analytics to inform decisions and support execution performance.

Pay and Benefits

Salary: USD 116,100 - 197,300 annually
Equity and Bonus:Equity
Perks:401kPensionHealth InsuranceDentalVisionPaid LeaveParental LeaveLife InsuranceDisability

Key Requirements

  • •Bachelor’s degree or equivalent experience.
  • •Approximately 3 to 7 years of institutional equity trading, sales trading, or related buy side or sell side market experience.
  • •FINRA Series 7, 57, and 63 licenses required.
  • •Strong understanding of equity market structure, liquidity dynamics, execution venues, and algorithmic trading strategies.
  • •Proven commitment to best execution, risk management, and operational discipline.
Experience:3-7 yearsInstitutional equity trading
Education:Bachelor's
Skills:Execution judgmentRisk managementOperational disciplineCommunicationRelationship management
Licenses:FINRA Series 7FINRA Series 57FINRA Series 63
Certifications:CFA
Tech Stack:Execution analyticsTransaction cost analysisAlgorithmic trading strategiesPre-trade analysisPost-trade analysis

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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Glassdoor: 3.9
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