Senior Analyst, Trade Settlements (Pune & Bangalore) - Multiple position

About Northern Trust: Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. Job Description for Senior Analyst, IOO_Market Operations Role Overview: The Senior Analyst in Investment Operations Outsourcing (IOO), Market Operations, is responsible for independently executing and overseeing trade lifecycle activities, ensuring timely and accurate settlements, and proactively mitigating operational risks. The role requires strong product and process knowledge across Trade, FX, Cash, and Settlements, with the ability to resolve complex exceptions and support governance and control requirements. Key Responsibilities Independently support prematching, confirmation, settlement, and post‑settlement activities across equities, fixed income, FX, and related asset classes. Own end‑to‑end processing from confirmation through settlement, ensuring accuracy, timeliness, and adherence to market cut‑offs. Validate and match trade details with brokers, custodians, clearing houses, and internal systems. Investigate and resolve trade breaks, settlement fails, cash breaks, and discrepancies, coordinating with counterparties and internal teams. Identify and mitigate settlement risk, counterparty risk, and currency risk, escalating material or aged issues appropriately. Act as the first point of escalation for Analysts, providing guidance and resolution support before further escalation to Technical Coordinators or Team Leaders. Provide clear status updates and recommended actions when escalating unresolved or high‑risk items. Execute processes in line with approved SOPs and DPAD documentation, ensuring control discipline and audit readiness. Ensure operational adherence to applicable regulations and market standards. Support internal controls and best practices designed to minimize operational, financial, and client risk. Perform and oversee ledger postings to books of accounts, identify cash and stock breaks, and ensure timely investigation and resolution. Identify recurring issues, manual touchpoints, and control gaps; propose process improvements and efficiency enhancements. Support automation and change initiatives by providing functional insights, test support, and BAU validation. Provide training, coaching, and day‑to‑day guidance to Analysts, supporting skill development and consistent execution of best practices. Act as an operational contact for brokers, custodians, investment managers, and internal stakeholders for issue resolution and clarifications.