Jobs › Northern Trust

Consultant, Capital Market Operations

Northern Trust · Chicago, IL · $67,500–$111,500 a year · Full time

Posted Jul 29, 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 found and resolved a reconciliation break.

What they are checking: Whether they have hands-on experience resolving breaks rather than just reporting them.

Tell me about a time you followed a procedure even though there was pressure to skip a step.

What they are checking: Whether they follow prescribed guidelines under pressure, as the posting expects.

How do you stay organized when trade volumes spike?

What they are checking: Whether they can keep accuracy and deadlines during high-volume days.

What would you do

A trade fails to settle on the expected date. What do you do?

What they are checking: Whether they can find the cause, work with the counterparty, and limit cost and risk to the client.

A client calls asking why their trade confirmation shows a different price than they expected. How do you handle it?

What they are checking: Whether they can investigate the trade and explain clearly to the client.

You notice a pattern of errors coming from the same source. What do you do?

What they are checking: Whether they look for root causes and raise process improvements.

About the work

Walk me through a trade from book-out and allocation through settlement and reconciliation.

What they are checking: Whether they understand the full post-trade lifecycle that this role handles daily.

How would settlement differ for trades in different global markets?

What they are checking: Whether they know settlement cycles, cutoffs and local practices vary by market.

What is an allocation in brokerage operations, and what can go wrong with it?

What they are checking: Whether they understand how block trades are split among accounts and why mistakes are costly.

How does the move to T+1 settlement in the US affect brokerage operations?

What they are checking: Whether they understand the tighter timelines and how operations had to adapt.

Practice this interview out loud.

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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. Summary Responsible for Operations support and client service for the global brokerage business. Has specific knowledge or expertise typically gained through formal education or equivalent experience. Focuses on the day-to-day processing of trades from the point of book-out and allocation, through to settlement and reconciliation of accounts, and all other brokerage operations functions. Continues to build knowledge of the company, processes and clients. Performs a range of assignments related to job discipline. Uses prescribed guidelines or policies in analyzing situations. Receives a moderate level of guidance and direction. Carries out activities with moderate financial, client and/or internal business impact. Major Duties: 1. Solves problems in straightforward situations 2. Analyzes possible solutions using technical experience and judgment and precedents 3. Impacts a range of customer, operational, project or service activities within own team 4. Works within guidelines and policies 5. Writes and maintains high quality procedure documentation 6. Assists in training new starters within the team 7. Asks questions, challenges existing processes, offers ideas Working Model: Hybrid We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home. Knowledge : • Requires expanded conceptual knowledge in own job discipline • Understands key business drivers; uses this understanding to accomplish own work • Explains complex information to others in straightforward situations • Has specific brokerage operations knowledge or expertise typically gained through formal education or equivalent experience. • Has an understanding of regional regulatory requirements. • Applies best practices and how own area integrates with others • Provides informal guidance to new team members • FINRA licenses required (US): 99; 7 and 63 are preferred, or the ability to obtain within 90 days • #LI-Hybrid • #LI-GG1 Experience : • A College or University degree and/or relevant work experience is required. • Prior industry experience, preferably in a financial operations role is preferred Salary Range: $67,500 - 111,500 USD 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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