Consultant, Depositary Operations

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 role is within Depositary Operations helping to ensure that Northern Trust fulfils its oversight responsibilities under the Alternative Investment Fund Management Directive (AIFMD), UCITS V and other regulatory requirements.

The primary responsibilities will be in the area of Safekeeping of Assets and Asset Verification. This includes oversight of reconciliations between NT and its appointed sub-custodians, Limited Partnership documentation, collateral reconciliations, verification of “Other Assets” and a review of asset exposures in Restricted and Watch markets.

Major Duties

• Review and co-ordinate the various tasks associated with Custody Reconciliations Oversight, managing queries with various stakeholders within the Custody Department;
• Perform and review Asset Verification activities, sourcing appropriate documentation to verify ownership of the Fund over “Other Assets”;
• Participate/chair on quarterly meetings with relevant parties to ensure Depositary Operations meet all governance requirements for assigned processes;
• Review of exposure reporting on Market Oversight - Restricted/Watch Markets for multiple jurisdictions;
• Involvement in change management of processes as required;
• Review existing processes , identify gaps and suggest improvements;
• Participating in ensuring governance procedures within the department are being adhered to;
• Ensure new clients and new fund launches are incorporated into relevant processes;
• Ensuring reporting requirements for both internal and external clients are achieved within agreed timeframes.

Knowledge/Skills

• Detail-oriented and accurate;
• Excellent understanding of Custody & Asset Verification;
• Excellent communication skills, both written and verbal, with internal and external parties;
• Ability to work independently and cooperatively within a team environment;
• Ability to drive change through initiative and collaboration;
• Ability to review and approve other partner’s work;
• Act as a subject matter expert or referral point for complex issues;
• Interprets changes in circumstances, and suggests new processes where gaps identified;
• Ability to test new processes or system developments;
• Can deal confidently with clients.

Experience

• Several years of experience in the Financial Services Industry;
• Broad & detailed fund knowledge with an emphasis on Custody;
• Good knowledge and command of MS Excel and good problem solving skills;
• Good understanding of the relevant regulations & fiduciary responsibilities.

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.

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.

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.