Company Profile
Northern Trust Company
Company Overview
Northern Trust Corporation, whose business began in 1889, is a multi-bank holding company with it headquarters in Chicago, with a growing network of offices in 12 states, international offices in five countries and over 9,400 employees worldwide.
We provide trust, custody, investment management, and banking services to individual and institutional clients throughout the world.
As of 30 September 2007, we have US$63 billion in banking assets, US$4.1 trillion in assets under custody and US$761 billion in assets under management.
Our 9,600 employees are located strategically around the globe, operating from offices in 12 international locations.
Northern Trust has earned distinction as a leading provider of personal fuduciary, asset management, personal and private banking and master trust/custody, global custody and treasury management services.
A one hundred and eleven year tradition of combining high-touch service and expertise with industry leading technology distinguishes Northern Trust in it's two primary businesses, Personal Financial Services and Corporate and Institutional Services. These two businesses are effectivley supported by our investment unit, Northern Trust Global Investments and our Worldwide Operations and Technology.
Northern People - a diversified portfolio
The quality of all Northern Trust partners, performing as individuals and working together as teams, clearly distinguishes us from our competition. A diversified workforce is one of our strongest assets to best serve our clients, investors, public and company.
We demonstrate our resolve for diversity through:
Practices and Principles of Commitment
Northern Trust has an absolute commitment to capitalizing on the strengths of individual differences across its diverse workforce
Employer of Choice
We aim for excellence in our efforts to recruit, develop and deploy the highest caliber workforce. Our commitment to diverse work groups enables us to attract the best talent.
Excellence through Training and Development
Northern Trust gives special attention to career development and retention of our diverse workforce.
Shared Values of Community
We conscientiously support the interests of clients and the diverse communities we serve.
Northern employees are a critical factor in the company's success. The most recent employee survey showed that employee's positively viewed the company as being committed to hiring, valuing and accepting diverse people. We remain dedicated to maintaining and improving the workplace to ensure that Northern Trust continues to be an employer of choice. Our success in this area was recently recognized in several ways.
The company's efforts to provide employees with a work environment that appreciates the needs to balance work/life issues was recognized by WORKING MOTHER magazine. It was a reflection of steady commitment to the advancement of women in the organization and a commitment t helping all employees balance work and personal lives.
CHICAGO magazine ranked Northern Trust as one of the best 25 places to work in the Chicago area. We were the only bank/trust company included in the list. Companies were ranked on how they compared in terms of human resources practices and employee satisfaction.
Workplace Awards
Our workplace programs and policies have distinguished us as an employer of choice with awards such as:
WorkforceChicago 2.0 designated Northern as an area company that demonstrates exemplary employee development practices.
InformationWeek magazine ranked Northern Trust as No. 34 in its newly released listing of the top 500 IT organizations nationwide. This 2001 listing of largest and most innovative users of information technology is based on four categories: technology strategy, e-business strategy, business practices and customer knowledge
Fortune magazine's list of the "top 100 companies to work for"
The Forbes Platinum 400 - list includes Northern for the fourth time as one of the The Best Big Companies in America and one of the top 23 banks
Computerworld magazine's list of " the top 100 companies to work for in Information Technology"
The Catalyst award with Northern identified as "one of three U.S. corporations to receive its annual award for efforts to strengthen and support the role of women in the workplace
Ten years cited by Working Mother magazine as "one of the top 100 corporations to work for in the United States"
Receipt of the Family Friendly Corporate Award for two years
From accountants to investment and technology professionals,
Northern Trust actively seeks the most talented people to join our team. We invite you to explore the many career opportunities available at Northern Trust. We look forward to hearing from you.
Northern Trust is an equal opportunity employer m/f/d/v.
Packages to make your career at Northern Trust work for you.
Benefits
Northern Trust offers one of the most generous, comprehensive benefits package in the financial services industry including extensive Work/Life and Family Services.
Eligibility requirement: Regular employment and 20-40 scheduled hours per week. Less than 20 hours/week hires are eligible for (*) benefits.
Medical Plans - Traditional PPO and HMO options. Coverage starts 1st of the month after hire date. Includes spouse/same or opposite sex domestic-partner or extended household member, and dependent coverage options.
Dental Plans - Traditional PPO and DMO options. Start date and dependent coverage options are the same as under the Medical Plans above.
Vision Plan - Start date and dependent coverage options are the same as under the Medical Plans above.
Income Protection Plans (Sick Days, Short-term and Long-term Disability) - Starts 1st day of employment.
Pension - A percentage of your pay will accrue for each year of service. Annual accruals increase with years of service. The benefit you will receive is expressed as a lump sum, which is the sum of all of your annual accruals times the average of your highest consecutive five years of pay. You are vested after completing 5 years of service. A Broad-Based Stock Option plan will be introduced in May, 2002.
Life Insurance - Free coverage equal to covered pay up to $50,000. Starts the 1st of the month after hire date. Optional contributory coverage is available up to 5x covered pay.
Dependent Life Insurance - Contributory coverage up to $50,000 for spouse or domestic partner and/or dependent children for $10,000 each.
Business Travel Accidental Death & Dismemberment Insurance - Free coverage starts 1st day of employment. Optional 24 hour contributory coverage equal to 5x covered pay is available for employee and family.
Flexible Spending Accounts - Health and Day Care Account pre-tax deductions can begin the 1st of the month after hire date. The calendar year maximum for each plan is $5,000.
Commuter Transportation Management Account - Pay for your commute to work on a pretax basis. Both mass transit and parking expenses are eligible.
Paid Time Off - Northern offers a highly competitive Paid Time Off package including Vacation, 10 Legal Holidays and 2 Floating Holidays.
Educational Assistance - Full time employees with six months of service and satisfactory performance are eligible to request assistance with job related course work/degrees. Approved Undergraduate courses are reimbursed at 100% and Graduate courses at 80%.
Special Facilities at Canal Center:
Fitness Center with certified personal trainers.
Licensed Child Care Center accredited by the National
Association for the Education of Young Children (NAEYC).
Parking
Additional Work/Life and Family Service:
Adoption Assistance
Family Assistance Program
Alternative Work Options
Family Care Leave
Banking Services
Family Sick Days
Bereavement Time
In-house Cafeteria Services
Child Care Resource and Referral Lactation Program
Discount Program Loans for Education
Educational Resources
Shuttle Service/Loop Locations
Elder Care Consultation and Referral
Emergency Time
50 South LaSalle Street
Chicago, IL 60675