Internship | Custody Operations

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.

Role/ Department:

The 2022 7 month FTC Internship Programme at Northern Trust, will offer candidates the opportunity to gain practical hands – on experience working in one of the most transformational industries in the market. The placement will be offered within our Custody Operations Team.

The key responsibilities of the role include:

• Pre Matching and Failing Settlements resolution
• Investigating and amending all settlement issues
• Providing client data reconciliation and resolutions
• Liaising with clients servicing teams and internal processing teams
• Managing reports with accounting details
• Providing transaction reporting reconciliation & oversight
• Monitoring a shared email box and responding to queries
• Handling ad-hoc request for reporting
• Supporting various operational tasks, driving efficiencies, system process and improvements to support best practices
• Run daily/weekly client money and assets reconciliation, investigate and resolve any breaks, and escalate to management as and when required.
• Monitor and report all cash shortfall/excess, and coordinate with all stakeholders to resolve all issues.
• Review and keep track of all corporate actions Proxy and income events on a daily basis
• Ensure that Corporate Action, Proxy and Income tracking is up to date on daily basis
• Ensure all corporate actions, Proxy and income events are captures, recorded and settled successfully

Skills/ Qualifications:

The successful candidate will benefit from having:

• Fluency in Arabic/English Language
• University graduate with relevant degree (Finance or Business Administration is preferred)
• Demonstrated experience of listening, expressing and articulating information effectively and in a professional manner
• Knowledge of MS Outlook, PowerPoint, Word & MS Excel
• An ability to develop positive relationships and ability to interact with individuals from multiple backgrounds
• Personal commitment to quality, delivery and process improvement
• Good attention to detail and accuracy
• Good time management skills with the ability to prioritise multiple tasks
• Proven proactive approach having ownership of issues until resolution
• Analytical/problem solving through organisation and time management
• The ability to operate independently or within a team

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.