Asset Servicing / Investment Operations Specialist
Chicago, IL | Hybrid / Onsite | Financial Services
We are looking to connect with professionals in the Chicago area who have experience across asset servicing, investment operations, middle office, fund administration, fund accounting, product control, valuation, derivatives operations, collateral management, investor services, or financial control.
This opportunity is ideal for someone who understands how investment activity flows after the trade: from trade capture and lifecycle events through pricing, reconciliation, NAV support, P&L review, cash/collateral movement, exception resolution, and client or stakeholder reporting.
You do not need to come from one exact title. Relevant backgrounds may include asset servicing, fund accounting, hedge fund operations, private markets operations, securities services, derivatives support, investment accounting, portfolio operations, custody, middle office, financial control, or product control.
What You May Be Working On
In this role, you may support one or more areas such as:
- Middle office operations including trade support, settlements, reconciliations, cash breaks, position breaks, and exception management
- Product control / financial control including P&L review, valuation oversight, price verification, controls, and balance sheet substantiation
- Valuation and pricing across securities, derivatives, private assets, fixed income, equities, alternatives, or hard-to-value instruments
- Derivatives operations including OTC derivatives, swaps, options, futures, FX, collateral, margin, lifecycle events, and confirmations
- Collateral management including margin calls, collateral movements, exposure monitoring, and dispute resolution
- Investor services / fund administration including fund accounting, NAV review, investor allocations, capital activity, subscriptions, redemptions, and client reporting
- Asset servicing / custody operations including corporate actions, income processing, securities lending, reconciliation, and client service support
Who This Could Be a Fit For
This may be a strong fit if you have experience in any of the following areas:
Asset servicing, securities services, investment operations, fund accounting, fund administration, middle office, back office, hedge fund operations, private equity fund accounting, real estate fund accounting, product control, financial control, valuation control, pricing, derivatives operations, OTC derivatives, collateral management, investor services, NAV, reconciliation, trade support, cash operations, corporate actions, custody, or client reporting.
You may currently work at a bank, asset manager, fund administrator, hedge fund administrator, investment manager, custodian, private markets firm, or financial services operations group.
Relevant Titles May Include
Fund Accountant, Senior Fund Accountant, Fund Accounting Analyst, Investment Operations Analyst, Middle Office Analyst, Trade Support Analyst, Product Control Analyst, Financial Control Analyst, Valuation Analyst, Pricing Analyst, Derivatives Operations Analyst, Collateral Analyst, Investor Services Analyst, Fund Administration Analyst, NAV Analyst, Reconciliation Analyst, Securities Operations Analyst, Asset Servicing Analyst, Corporate Actions Analyst, Client Service Analyst, Portfolio Operations Analyst, Operations Associate, or similar.
Why This Role May Be Worth Exploring
For the right person, this could be a chance to move beyond a narrow operations lane and gain broader exposure across investment products, controls, clients, and operational processes. If you are in a role where the work has become repetitive, the advancement path is unclear, or your current title does not reflect the complexity of what you actually do, this may be worth a conversation.
We are especially interested in professionals who can investigate issues, understand downstream impact, work across teams, and bring judgment to operational, accounting, valuation, or control-related processes.
Preferred Experience
- Experience in asset servicing, fund administration, fund accounting, investment operations, middle office, product control, valuation, derivatives, collateral, investor services, or securities operations
- Understanding of investment products such as equities, fixed income, mutual funds, hedge funds, private equity, real estate funds, OTC derivatives, swaps, futures, options, FX, or alternatives
- Strong reconciliation, analytical, Excel, problem-solving, and exception management skills
- Ability to work with internal teams, clients, auditors, portfolio managers, traders, custodians, administrators, or service providers
- Experience with systems such as Advent Geneva, Investran, Yardi, Bloomberg, Aladdin, Eagle, SimCorp, Charles River, Broadridge, Markit, Calypso, Murex, or similar platforms is helpful but not required
Location
This role is focused on talent in the Chicago area, including Chicago, Loop, West Loop, River North, Naperville, Oak Brook, Schaumburg, Evanston, Skokie, Northbrook, Deerfield, Downers Grove, and surrounding suburbs.
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa)
5-10 years96
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Job Description
Download ResumeAsset Servicing / Investment Operations Specialist
Chicago, IL | Hybrid / Onsite | Financial Services
We are looking to connect with professionals in the Chicago area who have experience across asset servicing, investment operations, middle office, fund administration, fund accounting, product control, valuation, derivatives operations, collateral management, investor services, or financial control.
This opportunity is ideal for someone who understands how investment activity flows after the trade: from trade capture and lifecycle events through pricing, reconciliation, NAV support, P&L review, cash/collateral movement, exception resolution, and client or stakeholder reporting.
You do not need to come from one exact title. Relevant backgrounds may include asset servicing, fund accounting, hedge fund operations, private markets operations, securities services, derivatives support, investment accounting, portfolio operations, custody, middle office, financial control, or product control.
What You May Be Working On
In this role, you may support one or more areas such as:
- Middle office operations including trade support, settlements, reconciliations, cash breaks, position breaks, and exception management
- Product control / financial control including P&L review, valuation oversight, price verification, controls, and balance sheet substantiation
- Valuation and pricing across securities, derivatives, private assets, fixed income, equities, alternatives, or hard-to-value instruments
- Derivatives operations including OTC derivatives, swaps, options, futures, FX, collateral, margin, lifecycle events, and confirmations
- Collateral management including margin calls, collateral movements, exposure monitoring, and dispute resolution
- Investor services / fund administration including fund accounting, NAV review, investor allocations, capital activity, subscriptions, redemptions, and client reporting
- Asset servicing / custody operations including corporate actions, income processing, securities lending, reconciliation, and client service support
Who This Could Be a Fit For
This may be a strong fit if you have experience in any of the following areas:
Asset servicing, securities services, investment operations, fund accounting, fund administration, middle office, back office, hedge fund operations, private equity fund accounting, real estate fund accounting, product control, financial control, valuation control, pricing, derivatives operations, OTC derivatives, collateral management, investor services, NAV, reconciliation, trade support, cash operations, corporate actions, custody, or client reporting.
You may currently work at a bank, asset manager, fund administrator, hedge fund administrator, investment manager, custodian, private markets firm, or financial services operations group.
Relevant Titles May Include
Fund Accountant, Senior Fund Accountant, Fund Accounting Analyst, Investment Operations Analyst, Middle Office Analyst, Trade Support Analyst, Product Control Analyst, Financial Control Analyst, Valuation Analyst, Pricing Analyst, Derivatives Operations Analyst, Collateral Analyst, Investor Services Analyst, Fund Administration Analyst, NAV Analyst, Reconciliation Analyst, Securities Operations Analyst, Asset Servicing Analyst, Corporate Actions Analyst, Client Service Analyst, Portfolio Operations Analyst, Operations Associate, or similar.
Why This Role May Be Worth Exploring
For the right person, this could be a chance to move beyond a narrow operations lane and gain broader exposure across investment products, controls, clients, and operational processes. If you are in a role where the work has become repetitive, the advancement path is unclear, or your current title does not reflect the complexity of what you actually do, this may be worth a conversation.
We are especially interested in professionals who can investigate issues, understand downstream impact, work across teams, and bring judgment to operational, accounting, valuation, or control-related processes.
Preferred Experience
- Experience in asset servicing, fund administration, fund accounting, investment operations, middle office, product control, valuation, derivatives, collateral, investor services, or securities operations
- Understanding of investment products such as equities, fixed income, mutual funds, hedge funds, private equity, real estate funds, OTC derivatives, swaps, futures, options, FX, or alternatives
- Strong reconciliation, analytical, Excel, problem-solving, and exception management skills
- Ability to work with internal teams, clients, auditors, portfolio managers, traders, custodians, administrators, or service providers
- Experience with systems such as Advent Geneva, Investran, Yardi, Bloomberg, Aladdin, Eagle, SimCorp, Charles River, Broadridge, Markit, Calypso, Murex, or similar platforms is helpful but not required
Location
This role is focused on talent in the Chicago area, including Chicago, Loop, West Loop, River North, Naperville, Oak Brook, Schaumburg, Evanston, Skokie, Northbrook, Deerfield, Downers Grove, and surrounding suburbs.
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa)