Senior Interest Rate Flow Manager (Finance)
About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
The Senior Interest Rate Flow Manager is responsible for
- Manages the bank's exposure in various interest flow agreement portfolios.
- Communicates frequently with banking and financial management and brokers to set rates.
- Makes market quotes for interest flow agreement products, managing the interest risk associated with these products.
- Provides expertise regarding the usage of interest flow agreement and construction of off-balance-sheet hedges.
- Reviews daily status of interest rate futures, options, and swap markets to anticipate rate moves or client needs and hedges exposure when desirable.
- Develops strategies which use various interest flow agreement instruments.
- Interacts with operations, accounting, and systems to coordinate development and maintenance of appropriate systems.
- Provides pricing logic to cover market risks suggesting new product ideas.
- Develops information sources and contacts for facilitating profitable deals.
- Prepares and reports to senior management on standard and non-standard activity regarding instruments, portfolio, and specific transactions.
The role requires the following knowledge and skills:
- 7-10 years financial market experience.
- In-depth knowledge of swaps, futures, and options and the securities market, usually acquired through advanced formal training, to hedge interest rate exposure.
- In-depth knowledge of economics, usually acquired through advanced formal education, to analyze the conditions and impact on the markets.
- Knowledge of accounting regulatory requirement and system capabilities, usually acquired through advanced formal education, to develop and maintain systems.
- Strong analytical skills to anticipate rates
Salary Range:
$99,600 - 169,200 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), 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 Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
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 our HR Service Center at MyHRHelp@ntrs.com .
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
