Analyst, Securities Lending

  • Location: Limerick, Munster, Ireland
  • Salary: Competitive
  • Job Type: Full time

Analyst, Securities Lending


This role is based in the Securities Lending Trade Support team in Limerick, reporting to the Team Leader.
The team provides equity and fixed income trade support services for Northern Trust's Securities Lending program. The team's main areas of responsibilities involve:
- settlement of EMEA Equity and Fixed Income lending activity
- reallocation and recall of loans related to client sales or account restructures.
The Analyst role involves daily liaison with our SL Trading and Collateral Management desks, counterparts at our borrowers (typically global prime brokers) and the local sub-custodians / central securities depositories.
The role requires an individual with the ability to work in a fast paced, deadline driven environment. There is a strong emphasis on risk identification and reduction.
Qualities required include a strong attention to detail, a logical mind, and strong communication skills.

 Through effective liaison with the relevant internal partners (e.g. trading and collateral desks) and external counterparts (e.g. borrowers and sub-custodians) ensure Securities Lending trades settle on a timely basis.
 Manage failing settlements through close liaison with the Trading Desk, Trade Support and other relevant operational areas.
 Monitor client sales and breach levels and act to ensure timely loan reallocation / recall.
 Look to provide assistance where possible to team colleagues in times of high volumes.
 Demonstrate flexibility through cross training / support production activity with the SL Collateral team
 Ensure daily KPIs are met.
 Through your daily responsibilities, demonstrate accountability and attention to detail..
 Provide appropriate, accurate input to management reporting.
 Help to foster a positive team spirit and environment. Actively participate in team meetings.
 Experience in a banking / custody operations environment is beneficial but not essential
 A basic understanding of Settlements / Securities Lending would be beneficial.
 Experience in Securities Finance / Securities Lending Operations advantageous.
 Ability to work under pressure with minimal supervision.
 Able to work to set deadlines, escalating issues where necessary.
 Ability to grasp new concepts quickly.
 Good written and verbal communication skills are essential. This role requires the ability to deal confidently and articulately with external counterparties.
 Ability to grasp new concepts quickly.
 An eye for accuracy with strong attention to detail.
 Good questioning skills to determine nature of a problem and assess implications.
 Able to work in a changing environment, recognise opportunities for improvement and make constructive suggestions.
 Good PC skills, in particular, Excel.
 Minimum educational requirement of 5 A-C grades at GCSE, including Maths and English.

About Northern Trust
For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world's most-sophisticated clients - from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

As of December 31, 2018, Northern Trust Corporation had:

$10.1 trillion in assets under custody/administration
$7.6 trillion in assets under custody
$1.1 trillion in assets under management
$132 billion in banking assets