below marketmost similar roles pay hereabove market
This role pays more than
83%
of similar roles. Most pay
$154,950–$214,600
— the blue band above.
At the midpoint, this role pays about
$226k
versus about
$185k
for comparable roles.
Based on 240 similar postings.
Employer
About Northern Trust
Northern Trust is a leading provider of wealth management, asset servicing, asset management, and banking services to corporations, institutions, and high-net-worth individuals. Industry: Financial Services & Asset Management
Northern Trust currently has
107 open roles
on FindRole.
Listed pay typically runs
$114,500–$194,700
across 77 roles with salary data.
The Senior Principal, Trade & Settlements serves as the senior architecture leader responsible for defining and governing the technology architecture for Settlements Modernization. This role involves establishing target-state architecture, transition roadmaps, and architectural guardrails to move from a distributed settlement landscape toward an integrated, scalable global settlement ecosystem. The individual will own the strategic settlement platform, specifically utilizing TCS BaNCS GSP while managing legacy coexistence. Key responsibilities include defining domain boundaries for trade capture, sanctions checks, FX initiation, and settlement processing. The role requires expertise in distributed systems, APIs, event-driven integration, data architecture, cloud engineering, security, and observability. The work addresses the technical problem of rationalizing complex post-trade environments, ensuring resilience and scalability across global custody operating models and market infrastructures like DTCC, CREST, and ISO 20022.
Own the target-state architecture for Settlements Modernization, including current-state assessments and convergence roadmaps.
Provide end-to-end architecture leadership for the strategic settlement platform and its ecosystem.
Translate business, regulatory, and resilience requirements into architecture principles and reusable patterns.
Define domain boundaries for trade capture, sanctions checks, FX initiation, and settlement processing.
Drive simplification and rationalization of the Trade & Settlements application landscape through capability mapping.
Establish architecture governance for APIs, data models, security, cloud adoption, and technical debt.
Guide engineering teams through modernization execution and resolve cross-domain architectural issues.
Develop architecture talent and a community of practice to raise design and documentation standards.
What we're looking for
18+ years of extensive experience in enterprise, solution, or domain architecture for complex, regulated financial-services platforms.
Deep knowledge of securities post-trade processing, settlement lifecycles, exceptions, reconciliations, and global custody operating models.
Demonstrated experience leading legacy modernization and platform transformation involving phased migration and application rationalization.
Strong architecture capability across distributed systems, APIs, event-driven integration, data architecture, cloud engineering, security, and resilience.
Ability to connect architecture choices to business outcomes, operational risk, and delivery economics while communicating with both engineering and executive leadership.
Proven ability to influence across organizational boundaries and make decisions in complex environments with competing priorities.
Bachelor's degree in Computer Science, Engineering, or a related discipline, or equivalent professional experience.
Generative AI
Event-Driven Architecture
API
Platform Engineering
Distributed Systems
Resiliency Engineering
ISO 20022
Cloud-Native Architecture
Integration Platforms