Senior Consultant - Global Fee Management

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.   

This role is responsible for performing a variety of complex accounting, and analytical duties in support of the Global Governance team within the Global Fee Management (GFM) Team. This role serves as one of the primary contacts for all fee revenue related analysis and inquiries from our business partners. The Senior Consultant will investigate revenue related issues as they arise and drive them to resolution to ensure accurate and timely revenue booking. Additionally, the individual is responsible for assisting in the oversight and application of key controls and operating procedures across the team. The Senior Consultant will adhere to the compliance guidelines and internal auditing requirements of the Bank and assist the Fees Leadership Team with ensuring best practices are followed. Candidate will work to understand and optimize processes in conformity to rigorous standards for accuracy and timeliness required by Northern Trust and other external bodies. The Senior Consultant will accurately and efficiently complete all assigned fee revenue related tasks and responsibilities, demonstrate a firm understanding of our processes, the risk associated with them, and their impact to the Bank’s financial statements.

MAJOR DUTIES:

• Collaborate with GFM teams and Management across multiple locations to identify, design, and implement process improvements and policies for greater efficiency as well as striving towards Global consistency
• Proactively participate in establishing a robust control environment, including understanding and adherence to all regulations, policies, controls and audit points related to GFM
• Oversight of SOX, internal and external audits, including planning and liaising with Internal and External Audit, GFM teams and Corporate teams
• Create SOX process flows for review of Global Governance Manager and sign off by GSC Manager, RSC Managers and the SOX team
• Coordinate, oversee and perform sample testing of controls to ensure compliance with various key and SOX 404 controls
• Create and maintain Service Agreements and Service Descriptions for review of Global Governance Manager and sign off by GSC Manager, RSC Managers and related parties to the Service Agreements
• Create and maintain Risk and Control Self-Assessment Analyses for review of Global Governance Manager, GSC Manager, RSC Managers and Risk/Compliance
• Review Balance Sheet account reconciliations and source system reconciliations and monitor the resolution of exceptions/differences in conformity with Corporate Policy
• Oversight of the KPI packs prepared by the Global Service Center analysts and perform ongoing assessment of effectiveness of the metrics and drive change where necessary
• Liaise with the GFM Accountants to research and resolve complex accounting transactions and reporting issues, providing insight where expertise is required to interpret policies, guidelines and/or processes and ensure compliance across the GFM teams
• Maintain fees team accounting calendar and oversight of accounting configuration changes within ORMB
• Act as key contact for various internal and external partners, including business unit partners and build strong relationships to help meet their business needs
• Other Ad-hoc projects and initiatives, the nature of which could vary

1. Bachelors in Accounting required, professional accounting qualification or equivalent
2. Previous experience in SOX and Audit related activities preferred
3. 3-5 years of corporate accounting/general ledger and experience in effective control design and assessment
4. Ability to apply advanced knowledge of accounting principles, specifically billed and accrued revenue recognition
5. Role does not have direct reports but requires oversight of activities performed by other partners
6. Self-starter with an ability to self-motivate, work independently and under pressure and to deliver to tight deadlines where the accuracy and timeliness of data is critical
7. Flexible approach towards changing work methods, deadlines and variable workloads
8. Ability to adapt and react positively in a changing and dynamic work environment
9. Ability to implement enhancements that will move the department forward while proactively driving continuous improvements by challenging the status quo
10. Excellent communication, written and verbal e.g. experience of presentations +/or chairing senior level meetings, be able to tailor communication effectively across different levels of partners and work effectively with overseas teams
11. Advanced MS Excel and other Microsoft applications skills, experience with ORMB a plus

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 MyHRHelp@ntrs.com.

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.