Corporate Actions Analyst

About Northern Trust:

Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

As a Northern Trust employee (Partner), you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve.

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you would benefit from adjustments for any part of the employment process, please inform the recruiter to discuss your individual requirements.

We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018.

The Role

This role is within our Corporate Action Team which is part of our overall Luxembourg Fund Administration team, within our asset servicing business. The team is responsible for Corporate Action events management on behalf of our clients.

The role would suit an ambitious, energetic individual with strong organisational & planning skills. Individuals with previous experience in fund administration, Corporate action management or accounting are of particular interest for the role. The team is going through a period of change, therefore solution orientated candidates with experience of process improvement, with an adaptable approach and willingness to learn would be very well suited to this role.

This role will also be of interest to candidates who wish to progress their career in a dynamic, ‘best in class operation’.

We believe our most valuable asset is our engaged, empowered & diverse workforce. As a global institution, Northern Trust is committed to building upon this diverse talent through encouraging innovative thinking and personal courage in an inclusive environment. Northern Trust’s commitment to diversity & inclusion is evident in our internal initiatives for which we have won several globally recognised awards.

Job Description:

Working in the Fund Administration Trade Processing team in Luxembourg, you will be part of a team that is central to the success of our fund administration activities, with responsibility for the validation of trades & capture of security linked corporate actions for Funds administered in Luxembourg. The team are in close contact with internal and external Custody.

• Process end to end workflow; deal with the daily notifications, transactions from the providers and ensure the correct booking in the Portfolio.
• Ensure that the securities and cash related to an event in the market are properly traded and accounted in the Portfolio
• Perform activities related to set up of voluntary and mandatory Corporate action events (equities, bonds).
• Ensure the accuracy of the booking of the dividends payment into the fund and perform the reconciliation between the Custodian depository and the Funds.
• Review Withholding Tax Accruals linked to fund held assets
• Required Interpersonal Skills:
• Seeks to deliver high quality service to customers by accurate, timely completion of all assigned tasks and requests for information
• Close attention to detail is necessary
• Seek to learn quickly and continually improve service offered
• Assist other colleagues. Act as effective team member within the unit and with other units by imparting knowledge and offering assistance as appropriate
• Demonstrates initiative in process improvement, which may have an impact on efficiency and client satisfaction.
• Ability to work in a structured pattern, setting priorities and meeting deadlines.
• Excellent interpersonal skills, as this role requires interaction at all levels of the organisation and externally.

Skills / Experience:

• Entry level experience: Degree in accounting, finance, economics or equivalent. (BAC+2 or 3 in accounting, finance, economics or similar)
• Some experience in Corporate action event management and / or a keen interest of the Fund Investment Industry, fund accounting, accounts payable, financial and regulatory reporting background an advantage.
• Strong communication skills, fluent English necessary.
• Excellent desktop, IT and systems skills. Experience of GP3 advantageous. Working knowledge of Microsoft Excel essential. Good Knowledge of Excel Functions (VBA is an asset)
• Very good Knowledge of different types of instruments: Futures, Options, Swaps, CFD’s, Bonds, Equities
• Understanding of fund business workflows and its various actors (Custody, TA, Portfolio Managers,…)

Working with Us:

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 ethical companies. In return, we will support you with your personal and career goals in a number of ways:

Financial – Life Assurance, Disability Plan, Pension/ Gratuity, Annual Pay Review

Work Life Balance – Flexible Work Options, Incremental Annual Leave, Community Volunteer Days

Health & Wellbeing – Active Sports & Social clubs (lunchtime and after-work groups), Employee Assistance Program

Professional Development – Clear Career Path, Education Assistance, Recognition Programme, NT University (wide range of online, virtual & in-house training options) and employee-led Business Resource Councils dedicated to diversity and inclusion initiatives.

And Finally

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.

For further information, and to apply, please visit our website via the “Apply” button below.