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Asset Servicing Intern - Chicago

Northern Trust · Chicago, IL · Full time

Posted Sep 1, 2026 · We last checked this listing on Oct 6, 2026

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Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

Tell me about a time you worked on a team project where people had different ideas. How did you help the group move forward?

What they are checking: Whether they collaborate well and can contribute without needing to be the leader.

Describe a time you had to learn something new quickly for a class, job or activity.

What they are checking: Whether they can absorb unfamiliar material quickly, which an internship in asset servicing requires.

Tell me about a time you made a mistake. What did you learn?

What they are checking: Whether they own mistakes honestly, which matters in operations work where errors affect clients.

How do you manage your time when you have schoolwork, a job and other commitments at once?

What they are checking: Whether they have real habits for organizing work and meeting deadlines.

Our values are Service, Expertise and Integrity. Tell me about a time you showed one of them.

What they are checking: Whether they can connect their own experience to the firm's stated values with a concrete example.

What do you hope to learn this summer, and what would make the internship a success for you?

What they are checking: Whether they have thought about their goals and are likely to make the most of the program.

What would you do

You're given a spreadsheet of trade data and asked to find the records that don't match another report. How would you approach it?

What they are checking: Whether they think methodically about comparing data, which is close to real reconciliation work.

Your manager gives you an assignment with unclear instructions and then goes into meetings all afternoon. What do you do?

What they are checking: Whether they make reasonable progress, write down their questions, and avoid both freezing and guessing wildly.

About the work

In your own words, what does asset servicing mean, and why would an institution use a firm like Northern Trust for it?

What they are checking: Whether they have done basic research on custody, fund administration and related services before the interview.

What Excel or data skills do you have, and how have you used them?

What they are checking: Whether they have practical tool skills that let them contribute from the first weeks.

Practice this interview out loud.

Offer builds a real interview for this exact role at Northern Trust from your resume and this job description, asks the questions one at a time, and tells you what landed. The first one is free.

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The full job description

As published by Northern Trust.

About Northern Trust As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. Please note: Each applicant has the opportunity to apply to a maximum of 3 job postings per recruitment season in North America. Please do not create multiple email addresses to apply to additional opportunities. Posting Close Date: October 9 , 202 6 , 11:59pm Central, unless the class is filled before that date. Applications will be reviewed on a rolling basis . We strongly encourage you to submit your application as early as possible as programs will close once positions are filled. WHO YOU ARE • You are pursuing a bachelor’s degree at an accredited college/university with an expected graduation date between December 2027 and Summer 2028 • You have a minimum GPA of 3.0 • You are curious about financial markets and interested in learning more about the financial services industry • You have proven analytical, data interpretation, problem-solving, critical and strategic thinking skills through coursework and/or previous internship experience • You have demonstrated leadership and teamwork through projects and extracurricular involvement WHAT YOU’LL DO As an intern at Northern Trust, you will have the opportunity to build relevant skills, work on meaningful projects, and participate in a collaborative program designed to support your early career development. You will work directly with your team on day-to-day tasks while joining internship program events to develop new skills, network with senior leaders, and connect with fellow interns in the program. Through hands-on experience, meaningful project work, and exposure to a dynamic global business, you will begin to see how your interests can grow into a long-term career at Northern Trust. A recruiter will work with you to determine the best team placement given your interests, skill set, and relevant experience. THE PROGRAM: • Ten weeks • Located in Chicago, IL WHAT YOU’LL GAIN: • Build skills related to Asset Servicing Sales, Relationship Management and Client Service, Strategy & Product Management, and/or Banking & Markets Sales & Trading • Help drive operational efficiency in servicing processes • Enhance client servicing and management reporting tools PROGRAM OPPORTUNITIES: • Professional development workshops • Lunch & Learns with Leadership • Intern Cross-Functional Project Presentation • Intern volunteer event • Social events • Ongoing learnings at enterprise-wide level • Mentorship and networking opportunities SAMPLE FUTURE CAREER PATHS/TRACKS: • Asset Servicing Analyst in one of a variety of areas, including Banking & Markets, Asset Servicing Sales , and more. Salary Range: Salary is $30.00 per hour. 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. Work Authorization 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). Working with Us As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve. Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities. Reasonable Accommodation Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com , or alternatively you can discuss your individual requirements with the recruiter you are working with.

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