Principal Software Engineer

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.

The Principal Software Engineer in NTAM (Northern Trust Asset Management) Investments Technology is a senior technical leader with 10+ years’ experience in financial services responsible for architecting and delivering scalable software and data platforms with a strong emphasis on Python-based services, data engineering, and Cloud enablement . Senior Subject Matter Expert (SME) Technical supporting front-office Fixed Income investment platforms. Acts as a strategic liaison between Portfolio Managers, Traders, and Technology teams to drive delivery of scalable, high-performing solutions across portfolio construction, trading, analytics, and risk.

Leads complex initiatives, shapes business requirements, and ensures alignment with investment strategy, regulatory standards, and platform modernization goals.

Key Responsibilities

Technical Leadership & Architecture

• Serve as SME across Fixed Income products (rates, credit, municipals, derivatives) and investment workflows
• Partner with PMs, Traders, Risk, and Compliance to translate business needs into scalable technology solutions
• Drive domain consistency across portfolio construction, trading, analytics, and reporting platforms
• End-to-end requirements lifecycle (discovery, documentation, validation & delivery)
• Create high-quality artifacts: BRDs, functional specs, user stories, process flows, and data mappings
• Collaborate with SMEs, data and engineering teams to evaluate solution options and define target-state architecture
• Ensure alignment with platform modernization (cloud, APIs, data platforms)
• Define data requirements across positions, pricing, risk factors, cash flows, and analytics
• Validate data quality, reconciliation, and reporting outputs (including FX and performance impact)
• Communicate complex technical concepts clearly to non‑technical stakeholders and influence architectural decisions.
• Troubleshoot and resolve critical production issues, ensuring high availability and performance of applications.

• Define user stories and acceptance criteria, support backlog prioritization & deliver sprint demos and stakeholder updates
• Coordinate UAT across business, vendors, and technology teams, ensure smooth release implementation and adoption.

Domain Knowledge (Required)

• Experience with solutioning and integrating with InvestorTools Perform , Risk models and developing Optimization constraints for Fixed Income portfolio construction.
• Understanding of Asset Management Investments asset classes (equities, fixed income, alternatives), portfolio theory, and investment constraints.
• Experience with Aladdin Enterprise/Charles River (CRD), Bloomberg AIM or other Portfolio and Order Management, integrating Aladdin SaaS to develop Investment tools and processes.
• Experience with financial data providers (e.g., Bloomberg, FactSet, MSCI) and APIs.

Salary Range:

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.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected].

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.