Trade and Transaction Reporting Specialist – Vice President at Northern Trust

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Excellent knowledge of TRACE, CAT and CAIS
Excellent communication and ability to convey complex principles clearly and concisely
Excellent stakeholder management, confident facing off to senior management across Tech and Non-Tech
Experience in translating regulatory text into business analysis and impact on firm flows as well as fields mapping and lineage across the stack
Project management experience and ability to orchestrate IT system integration and reporting solutions implementation with Tech
Understanding of transaction reporting BAU activities such as reconciliation, exceptions, back reporting, manual uploads
Familiarity with FINRA portals
Basic knowledge of business intelligence tools and SQL is welcomed but not essential

Responsibilities

Be the reference person for TRACE regulation and where necessary interact with Risk, Compliance, Legal, Business and other operations teams
Drive internal teams to deliver change initiatives and oversight BAU daily operations
Follow regulatory developments across the relevant industry working groups
Maintain procedures, continuously improve processes, and control framework
Address issue remediation tactically and strategically partnering with front-to-back tech teams
Ensuring the adequacy and delivery of internal reporting and MI to management
Manage relationship with vendors
Shape and own the strategy to achieve accurate, complete and timely reporting
Manage TRACE reporting and contribute in other FINRA regulations such as CAT and CAIS to drive change and ensure operational excellence

Skills

Key technologies and capabilities for this role

TRACECATCAISFINRA regulationsstakeholder managementprocess improvementvendor managementregulatory compliancecommunication

Questions & Answers

Common questions about this position

What is the salary range for this Trade and Transaction Reporting Specialist role?

The salary range is $95,600 - 162,400 USD, which is a good faith estimate of base pay.

Is this position remote or hybrid, and what does that mean?

This is a hybrid working model, where the successful candidate will spend time between working in the office and working from home.

What key skills are required for this role?

Required skills include excellent knowledge of TRACE, CAT, and CAIS; excellent communication and stakeholder management; experience translating regulatory text into business analysis; project management; and understanding of transaction reporting BAU activities.

What benefits does Northern Trust offer?

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, other voluntary and well-being benefits, and a discretionary bonus program that may include an equity component.

What makes a strong candidate for this position?

A strong candidate will have excellent knowledge of TRACE, CAT, and CAIS regulations, strong communication and stakeholder management skills especially with senior management, project management experience in regulatory implementations, and familiarity with transaction reporting operations.