N

Northern Trust

Global wealth management and asset servicing

Principal Software Engineer

Full-TimeUpdated on 10/24/2026
$137.4k - $233.6k
Expert
Chicago, IL, USA
In Person
Software EngineeringBackend Engineering
No H1B Sponsorship

About the job

Requirements
  • At least 10 years of professional software engineering experience with a strong hands-on track record.
  • Deep expertise in Java and modern application frameworks.
  • Strong experience with Azure cloud services and cloud-native application development.
  • Practical understanding of Test-Driven Development, spec-driven or contract-first development, CI/CD, and DevOps practices.
  • Working knowledge of cloud databases, data modeling, and performance tuning.
  • Ability to lead by influence rather than authority.
  • Verbal and written communication skills.
  • Problem-solving, design, and decision-making abilities.
  • Ability to operate in fast-paced, evolving environments.
Responsibilities
  • Design, develop, and review high-quality, production-ready software as a hands-on technical leader.
  • Lead development using Java, following clean code, Test-Driven Development, and spec-driven development principles.
  • Drive adoption of AI-assisted development capabilities, including Copilot-style tools and intelligent automation, to improve developer productivity and code quality.
  • Influence and review application and solution architecture for scalability, security, performance, and maintainability.
  • Partner with architects and senior engineers to define and enforce engineering standards and best practices.
  • Design, build, and deploy applications on Microsoft Azure using cloud-native services.
  • Contribute to cloud architecture decisions involving Azure compute, networking, storage, and security, as well as cloud-based SQL and NoSQL databases and performance considerations.
  • Support and continuously improve DevOps pipelines, CI/CD practices, and infrastructure automation.
  • Enable resilient, observable, and cost-efficient systems in the cloud.
  • Champion Test-Driven Development and automated testing at unit, integration, and system levels.
  • Enable and evolve test automation frameworks and practices across teams.
  • Collaborate with DevOps and Site Reliability Engineering partners to improve release reliability and deployment frequency, reduce operational risk and technical debt, and strengthen monitoring, alerting, and production readiness.
  • Mentor and groom engineers to develop technical skills, design thinking, and ownership.
  • Provide guidance through code reviews, design discussions, and technical deep dives.
  • Foster high engineering standards, accountability, and continuous improvement.
  • Act as a technical advisor to product, quality assurance, and platform teams.
  • Work with cross-functional stakeholders in Product, Architecture, Quality Assurance, and Operations.
  • Communicate technical concepts to technical and non-technical audiences.
  • Collaborate with globally distributed teams across North America, EMEA, and India, accommodating time-zone overlaps when required.
  • Identify risks and propose pragmatic solutions.
Desired Qualifications
  • Microsoft Azure Architect Certification is strongly preferred.
  • Experience integrating or enabling AI-assisted engineering tools within development workflows.
  • Exposure to large-scale modernization, cloud migration, or distributed systems.
  • Experience working in regulated or enterprise-grade environments.

About the company

N

Northern Trust

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Website

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Company Size

10,001+

Company Stage

IPO

Headquarters

Chicago, Illinois

Founded

1889

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Simplify Jobs

Simplify's Take

What believers are saying

  • Northern Trust extended BT Pension Scheme servicing on August 12, 2026, deepening UK pensions.
  • Northern Trust expanded Singapore unit-trust servicing with Perpetual, broadening Asia-Pacific distribution on September 2026.
  • Northern Trust Asset Management hired Amy Johnston on September 1, 2026 to drive institutional growth.

What critics are saying

  • Elizabeth Madden sued Northern Trust on January 28, 2026 over alleged trust theft.
  • Dave Fox retires by March 31, 2027, forcing a CFO search during execution.
  • Warwickshire’s £3.6 billion mandate barely moves a $20.0T platform, exposing commoditized pricing.

What makes Northern Trust unique

  • Northern Trust held $20.0T AUC/A and $2.0T AUM on June 30, 2026.
  • Its integrated wealth, custody, and fund-administration platform wins sticky mandates like BTPS and Warwickshire.
  • Chicago-rooted trust expertise still anchors Delaware and Nevada fiduciary services under Cynthia Brown.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Paid Vacation
  • Paid Sick Leave
  • Paid Holidays
  • Parental Leave
  • Hybrid Work Options

Growth & Insights and Company News

6 month growth

11%

1 year growth

11%

2 year growth

11%
WealthBriefingAsia
Oct 22nd, 2026
Northern Trust third quarter net income rises 40 per cent, wealth fees rise.

Northern Trust third quarter net income rises 40 per cent, wealth fees rise. Editorial Staff 22 October 2026 The Chicago-based bank's wealth management fees rose 9 per cent to $611.5 million, led by a 16 per cent rise in Global Family Office fees, as AuM reached $1.963 trillion. Northern Trust has reported third-quarter 2026 net income of $642.9 million, up 40 per cent from $457.6 million a year earlier. Diluted earnings per share were $3.40, against $2.29 in the prior-year quarter. Total revenues, which include trust, investment and other servicing fees and net interest income, rose 13 per cent year-on-year to $2.302 billion. Profit was down from the second quarter, when net income was $792.2 million and diluted earnings per share were $4.23, it said in a statement yesterday. Wealth management trust, investment and other servicing fees rose 9 per cent to $611.5 million. Global Family Office fees grew 16 per cent to $117.2 million, while private wealth fees rose 8 per cent to $494.3 million. The quarter included $48.7 million of pre-tax gains, or $36.8 million after tax, recognised in other operating income. Of that, $34 million came from the sale of the guardianship services business. The remaining $14.7 million related to Northern Trust's participation in Visa's second exchange offer. AuM rose 11 per cent from the end of September 2025 to $1.963 trillion. Assets under custody rose 9 per cent to $15.8 trillion. The bank's Common Equity Tier 1 ratio was 12.4 per cent on a standardised basis, unchanged from a year earlier. Shares in the bank have risen about 19.5 per cent since the start of the year. Northern Trust's custody rivals reported last week. At BNY, net income applicable to common shareholders rose 20 per cent year-on-year to $1.608 billion, with total fee revenue up 12 per cent. BNY's assets under custody and administration rose 10 per cent to $63.4 trillion, while AuM grew 2 per cent to $2.2 trillion. Its CET1 ratio fell to 10.9 per cent from 11.7 per cent a year earlier.

Yahoo Finance
Oct 21st, 2026
Northern Trust unveils $3.5B buyback as CFO to retire and operating leverage hits 600 basis points

Northern Trust expects 500 basis points or more of operating leverage for full-year 2026, after posting 600 basis points of positive operating leverage in the third quarter. Management said the gains are sustainable and stem from a multi-year reorganisation around a capability-based operating model. Chief financial officer Dave Fox will retire after the first quarter of 2027. The company announced a new $3.5 billion share repurchase authorisation. Results included a $34 million pre-tax gain from selling its guardianship services business and a $14.7 million gain from the second Visa exchange offer. It also built a $5 million reserve after a commercial real estate charge-off. In the first quarter of 2027, Northern Trust plans to convert six Northern Funds, holding about $33 billion in assets, into ETFs.

Family Wealth Report
Oct 21st, 2026
Northern Trust Q3 net income rises 40 per cent, wealth fees climb.

Northern Trust Q3 net income rises 40 per cent, wealth fees climb. Editorial Staff October 21, 2026 The Chicago-based bank's wealth management fees rose 9 per cent to $611.5 million, led by a 16 per cent rise in Global Family Office fees, as AuM reached $1.963 trillion. Northern Trust has reported third-quarter 2026 net income of $642.9 million, up 40 per cent from $457.6 million a year earlier. Diluted earnings per share were $3.40, against $2.29 in the prior-year quarter. Total revenues, which include trust, investment and other servicing fees and net interest income, rose 13 per cent year-on-year to $2.302 billion. Profit was down from the second quarter, when net income was $792.2 million and diluted earnings per share were $4.23, it said in a statement today. Wealth management trust, investment and other servicing fees rose 9 per cent to $611.5 million. Global Family Office fees grew 16 per cent to $117.2 million, while private wealth fees rose 8 per cent to $494.3 million. The quarter included $48.7 million of pre-tax gains, or $36.8 million after tax, recognized in other operating income. Of that, $34 million came from the sale of the guardianship services business. The remaining $14.7 million related to Northern Trust's participation in Visa's second exchange offer. AuM rose 11 per cent from the end of September 2025 to $1.963 trillion. Assets under custody rose 9 per cent to $15.8 trillion. The bank's Common Equity Tier 1 ratio was 12.4 per cent on a standardized basis, unchanged from a year earlier. Northern Trust shares have risen about 19.5 per cent since the start of 2026. Northern Trust's custody rivals reported last week. At BNY, net income applicable to common shareholders rose 20 per cent year-on-year to $1.608 billion, with total fee revenue up 12 per cent. BNY's assets under custody and administration rose 10 per cent to $63.4 trillion, while AuM grew 2 per cent to $2.2 trillion. Its CET1 ratio fell to 10.9 per cent from 11.7 per cent a year earlier.

cash.ch
Oct 6th, 2026
UBS transfers former CS fund administration businesses to Northern Trust.

UBS transfers former CS fund administration businesses to Northern Trust. The major bank UBS is transferring Credit Suisse's former fund administration businesses in Switzerland and Luxembourg to Northern Trust. It is thereby expanding its collaboration with the US financial services provider. 06.10.2026 03:05 The Swiss and Luxembourg UBS Management Companies would also expand their existing fund administration agreement with Northern Trust to investment funds for which UBS currently still provides this service, UBS announced on Thursday. UBS itself would withdraw from the fund administration business. The transaction is expected to close in the second quarter of 2027. According to the information, the migration of fund administration services to Northern Trust is to be implemented over a period of two years. UBS had already sold its Swiss and Luxembourg fund administration business for traditional investments to Northern Trust in 2017 and at the same time entered into a long-term service agreement. The CS fund administration business was integrated into UBS in the course of the CS takeover in 2023. Simplification of the Luxembourg company. At the same time, UBS wants to simplify the operating model of its Luxembourg Management Company, the statement continues. It wants to focus there primarily on the servicing of in-house funds. Universal Investment has been selected as the preferred external fund company. UBS thereby wants to ensure a long-term solution for its white-labelling clients in Luxembourg.

MarketScreener
Oct 5th, 2026
Northern Trust Wealth Management continues Northeast Region expansion with two Senior appointments.

Northern Trust Wealth Management continues Northeast Region expansion with two Senior appointments. Published on 10/05/2026 at 08:06 am EDT Business Wire Northern Trust Wealth Management has appointed Beth Emswiler and Andrew Borner as Senior Managing Directors in the Northeast Region. Emswiler is based in New York, while Borner is based in Greenwich, Connecticut, strengthening the firm's investment capabilities and client leadership in both markets. The appointments build on Northern Trust's recent hiring momentum, following the expansion of its Family Office Solutions team in New York and the addition of Senior Relationship Managers Gloria Fieldcamp and James Le Rose. "Clients expect us to understand both the complexity of substantial wealth and the personal goals it supports," Northeast Region President Katie Nixon said. "Beth brings considerable investment experience, while Andrew has spent his career earning the trust of families. Together, they will help us bring the full breadth of Northern Trust to more clients." Emswiler joins Northern Trust from Citi Private Bank, where she served as head of investments for Metro New York and led investment solutions for ultra-high-net-worth clients and family offices. Her more than three-decade career includes leadership roles across private banking, equities, sales and trading, capital markets and investment advisory. Borner brings more than 30 years of experience and most recently served as BNY's market president for Connecticut and Long Island. He was responsible for new business development and worked directly with individuals, families, trusts and foundations to develop and implement comprehensive investment and wealth plans. Northern Trust Wealth Management is a premier private bank serving affluent individuals and families, family offices, foundations and endowments, and privately held businesses. Northern Trust Wealth Management, which combines deep expertise with innovative technology and service excellence, had US$534 billion in assets under management as of June 30, 2026. The Northern Trust Company is an Equal Housing Lender. Member FDIC. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2026, Northern Trust had assets under custody/administration of US$20.0 trillion, and assets under management of US$2.0 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. View source version on businesswire.com: https://www.businesswire.com/news/home/20261005894356/en/ (C) Business Wire - 2026