OTC/FX Associate Specialist, Integrated Portfolio Services

Northern Trust

. Drive, implement, and execute project initiatives .

Posted 11/2/2026full-timeRemote • Illinois • United StatesMid-Level💰 $95,600 - $162,400 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in managing OTC and FX product operations, including trade settlement, transaction discrepancies, and regulatory compliance. Proficient in utilizing trade management systems and analytical tools to drive operational excellence in a fast-paced trading environment.

Highest-signal resume keywords

OTC Product Subject Matter ExpertFX Structured Products OperationsTradeServ ProficiencyISDA Guidelines UnderstandingRegulatory Knowledge (Dodd-Frank, EMIR, ASIC, MAS)

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

OTC Trade SettlementDerivatives Products OperationsTransaction Discrepancy ResolutionTrade Activity ProcessingAnalytical SkillsMicrosoft Excel (Macros, Copilot, Power Automate)Trade Management System DevelopmentDocumentation ReviewCash Flow SettlementCorporate Actions Booking

Soft Skills

Excellent Written CommunicationExcellent Oral CommunicationStrong Organization SkillsAttention to DetailConflict Resolution

Tools & Technologies

TradeServMarkitWireMarkitTradeManagerEConfirmMicrosoft Word

Industry Keywords

OTCFXStructured ProductsDerivativesDodd-FrankEMIRASICMASISDAHedge Funds

About the role

Key responsibilities & impact

Drive, implement, and execute project initiatives
Translate strategy into actionable plans and drive execution across teams
Coordinate dependencies, manage trade-offs, monitor progress, surface risks or constraints, and reinforce priorities
Serve as an escalation point for team members and clients
Act as an OTC/FX product subject matter expert
Manage team projects and initiatives
Manage multiple clients, hedge funds, and business lines in a fast-paced environment
Affirm and confirm OTC and FX trades on electronic platforms or paper
Settle swap cash flows, including unwinds, fees, resets, and premiums
Ensure proper operational reflection of OTC and FX trades
Book corporate actions and dividends/coupons for accurate position and P&L attribution
Identify and resolve transaction discrepancies between clients and swap counterparties
Liaise with trading desks, control groups, and counterparties to resolve economic discrepancies
Process periodic resets for vanilla and exotic IRS, CDS, and Equity OTC products
Ensure timely receipt of OTC and FX confirmations
Ensure accuracy of transaction agreements and modifications
Prioritize and action trade breaks by end of day
Process trade activity according to established policies and procedures and minimize risk from trade mismatches
Work with IT on development and enhancement of the trade management system
Interact with coworkers and clients in a fast-paced trading environment
Train staff globally
Provide independent, high-level operational execution and strategic direction
Provide comprehensive consulting and technical leadership as a subject matter expert
Develop, implement, and administer programs within functional areas
Perform other related duties as required

Requirements

What you’ll need

Bachelor’s degree strongly preferred
Five plus years of experience in FX or OTC structured and derivatives products operations
Experience with settlement of OTC structured and derivatives products
Experience reviewing documentation for OTC structured and derivatives products
Proficiency with TradeServ, MarkitWire/MarkitTradeManager, and eConfirm platforms preferred
Proficiency in Microsoft Word, Excel, including ability to create macros, Copilot, and Power Automate
Excellent math and analytical skills
Excellent written and oral communication skills
Strong organization skills and meticulous attention to detail
Ability to handle multiple tasks under extremely time-sensitive conditions
Understanding of transaction types within each asset class beyond vanilla trades preferred
Understanding of ISDA guidelines and documents helpful
OTC regulatory knowledge across Dodd-Frank, EMIR, ASIC, and MAS
Ability to function independently in a fast-paced, dynamic, and demanding environment
Ability to resolve conflict within a short period of time
Ability to work on simultaneous tasks with minimal supervision and exemplary follow-through
Must be authorized to work in the U.S. without employment-based visa sponsorship now or in the future

Benefits

Comp & perks

Retirement benefits (401k and pension)
Health and welfare benefits, including medical, dental, vision, spending accounts and disability
Paid time off
Parental and caregiver leave
Life and accident insurance
Other voluntary and well-being benefits
Discretionary bonus program, which may include an equity component
Flexible and collaborative work culture
Movement within the organization is encouraged
Reasonable accommodations for individuals with health conditions and disabilities
Philanthropic and community involvement opportunities