ZipRecruiter

Log In

1

Banking Operations Associate Jobs in Evanston, IL

Northern Trust

Sr Associate, Brokerage Operations

Chicago, IL · On-site

$67K - $111K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful ... Summary Responsible for Operations support and client service for the global brokerage business.

Northern Trust

Sr Associate, Brokerage Operations

Chicago, IL · On-site

$67K - $111K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful ... Summary Responsible for Operations support and client service for the global brokerage business.

Northern Trust

Sr Associate, Brokerage Operations

Chicago, IL · Hybrid

$67K - $111K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful ... Summary Responsible for Operations support and client service for the global brokerage business.

Northern Trust

Sr Associate, Brokerage Operations

Chicago, IL · On-site

$67K - $111K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful ... Summary Responsible for Operations support and client service for the global brokerage business.

previous pagenext page

Showing results 21-40

All JobsBanking Operations Associate JobsBanking Operations Associate Jobs in Evanston, IL

Banking Operations Associate information

See Evanston, IL salary details

$10

$25

$51

How much do banking operations associate jobs pay per hour?

As of Aug 13, 2026, the average hourly pay for banking operations associate in Evanston, IL is $25.19, according to ZipRecruiter salary data. Most workers in this role earn between $17.07 and $29.09 per hour, depending on experience, location, and employer.

What are some common challenges faced by banking operations associates, and how can they be effectively managed?

Banking Operations Associates often encounter challenges such as managing high transaction volumes, adhering to strict regulatory requirements, and coordinating across multiple departments to resolve discrepancies. Effective time management, attention to detail, and strong communication skills are essential to navigate these challenges. Additionally, staying updated on compliance policies and leveraging internal resources for support can help associates maintain accuracy and efficiency in a fast-paced environment.

What does a banking operations associate do at a bank?

A banking operations associate is responsible for processing transactions, maintaining account records, and ensuring compliance with banking policies. They often use banking software and may handle tasks such as account reconciliations, fraud detection, and customer support to ensure smooth daily operations. Strong attention to detail and knowledge of banking procedures are essential for this role.

What is a banking operations associate?

Banking Operations Associates are professionals who support the daily functions of a bank by processing transactions, ensuring regulatory compliance, and maintaining accurate records. They handle tasks such as account management, reconciliations, data entry, and assisting with audits. Their role is crucial in ensuring efficient and secure banking operations, as they work closely with other departments to resolve issues and improve processes. Banking Operations Associates play a key part in maintaining the integrity and reliability of financial services.

Is banking operations a stressful job?

Banking operations associates often work in fast-paced environments that require attention to detail and adherence to strict regulations, which can lead to stress, especially during high-volume periods or when resolving complex issues. The role involves handling sensitive financial data and meeting deadlines, making organizational skills and stress management important. However, workload and stress levels can vary depending on the employer and specific responsibilities.

What are the key skills and qualifications needed to thrive as a banking operations associate?

A Banking Operations Associate needs strong analytical abilities, attention to detail, and a solid understanding of banking procedures, often supported by a degree in finance, business, or a related field. Familiarity with banking software, transaction processing systems, and compliance tools is typically required, along with knowledge of industry regulations. Excellent organizational skills, problem-solving abilities, and effective communication set top performers apart in this role. These competencies ensure accurate transaction management, regulatory compliance, and efficient support of daily banking operations.
What cities near Evanston, IL are hiring for Banking Operations Associate jobs? Cities near Evanston, IL with the most Banking Operations Associate job openings:
Banking Operations Associate jobs near you
Infographic showing various Banking Operations Associate job openings in Evanston, IL as of August 2026, with employment types broken down into 85% Full Time, 12% Part Time, 1% Temporary, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $52,386 per year, or $25.2 per hour.

Associate, Trade Operations

Oaktree Capital Management, L.P.

Chicago, IL • On-site

Full-time

Posted 17 days ago

Job description

Our Company
Oaktree is a leader among global investment managers specializing in alternative investments, with more than $220 billion in assets under management. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,400 employees and offices in more than 25 cities worldwide.
We are committed to cultivating an environment that is collaborative, curious, inclusive and honors diversity of thought. Providing training and career development opportunities and emphasizing strong support for our local communities through philanthropic initiatives are essential to our culture.
For additional information please visit our website at www.oaktreecapital.com.
Responsibilities
The Associate position within Trade Operations serves as a critical operational partner to both the Oaktree and Brookfield PSG investment teams, providing comprehensive end-to-end trade processing support across both business lines. The candidate will be responsible for ensuring all trade activity is entered, allocated, confirmed, communicated, and settled with accuracy and timeliness in accordance with established standards. In addition to day-to-day operational execution, this role carries strategic responsibility for leading initiatives to enhance straight-through processing (STP) capabilities, streamline operational workflows, and evaluate technology-driven solutions that support the ongoing integration of Oaktree and Brookfield PSG operations. The position will collaborate cross-functionally and partner closely with the technology team to design, develop specifications, test, and deliver new system functionality and enhancements.
  • Serve as the primary trade operations point of contact for multiple Oaktree credit strategies, encompassing the staging, booking, and allocation of fixed income, equity, and bank debt transactions across a diverse portfolio of accounts, funds, and special purpose vehicles, in strict adherence to allocation guidelines established by the respective Portfolio Management and Trading teams;
  • Deliver dedicated operational support across Brookfield PSG trade processing workflows, while actively contributing to strategic integration initiatives aimed at harmonizing trade operations processes and systems across the Oaktree and Brookfield PSG business lines;
  • Facilitate proactive communication and issue resolution across traders, accounting, reconciliation teams, and other key stakeholder groups to address and remediate trade processing discrepancies in a timely and effective manner;
  • Monitor trade lifecycle activity to ensure timely communication of trade details to external counterparties, custodians, and downstream systems, maintaining full compliance with applicable deadlines and settlement obligations;
  • Manage the end-to-end processing of bespoke and privately negotiated settlement transactions, coordinating with all relevant parties to ensure accurate and timely completion;
  • Lead the resolution of escalated settlement failures and exceptions through direct engagement with custodians, counterparties, and internal teams
  • Champion and drive continuous improvement initiatives to increase straight-through processing (STP) rates across both Oaktree and Brookfield PSG, identifying operational inefficiencies and implementing scalable solutions that support the combined organization's growth objectives;
  • Adhere to and reinforce established escalation protocols to ensure operational risks and exceptions are surfaced, communicated, and resolved in accordance with firm policies and risk management standards;
  • Provide cross-coverage and operational support for team members as required, ensuring continuity of trade processing functions across both Oaktree and Brookfield PSG business lines without disruption to service levels;
  • Partner with the technology team to define business requirements, design functional specifications, and participate in the development, testing, and deployment of new system capabilities and platform enhancements that support trade operations across both business lines;
  • Author and maintain comprehensive operational procedures and workflow documentation, and provide structured training and knowledge transfer to team members as processes evolve or new responsibilities are onboarded;
  • Cultivate and maintain effective working relationships with a broad network of internal and external stakeholders, including investment teams, technology, finance, compliance, custodians, and counterparties, fostering a collaborative environment that supports operational excellence across the firm.

Experience Required:
  • 5-7 years of relevant investment operations experience, with demonstrated expertise across derivative instruments, collateral management, regulatory reporting, and multi-asset trade settlement processes;
  • Proven experience working with industry-standard trade utilities, matching platforms, and communication protocols, including CTM, ALERT, SWIFT, FIX, and VCON, as well as familiarity with relevant market agreements and regulatory frameworks;
  • Strong quantitative and analytical capabilities, with the ability to assess complex operational data, identify trends and root causes, and recommend and implement data-driven process improvements.

Personal Attributes:
  • Exceptional interpersonal, verbal, and written communication skills, with the ability to convey complex operational concepts clearly and effectively to both technical and non-technical audiences;
  • Highly motivated self-starter with a strong sense of initiative and a demonstrated track record of operating independently, exercising sound judgment, and delivering results with minimal oversight;
  • Demonstrated ability to manage and prioritize multiple concurrent responsibilities in a fast-paced, time-sensitive environment, maintaining accuracy and composure under pressure;
  • Adaptable and collaborative team player who leads with integrity and professionalism, and thrives in a dynamic, cross-functional environment spanning multiple business lines and organizational teams.

Education:
A bachelor's degree is required.
Base Salary
$115,000 - $140,000
In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives, a comprehensive benefits package and a flexible work arrangement. The base salary offered will be commensurate with experience and/or qualifications, industry knowledge and expertise, as well as prior training and education.
Equal Opportunity Employment Policy
Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances. This policy applies to hiring, placement, internal promotions, training, opportunities for advancement, recruitment advertising, transfers, demotions, layoffs, terminations, recruitment advertising, rates of pay and other forms of compensation and all other terms, conditions and privileges of employment. This policy applies to all Oaktree applicants, employees, clients, and contractors. Staff members wishing to report violations or suspected violations of this policy should contact the head of their department or Human Resources.
For positions based in Los Angeles
For those applying for a position in the city of Los Angeles, the firm will consider for employment qualified applicants with a criminal history in a manner consistent with applicable federal, state and local law.

Apply