Associate Accountant, Regulatory Reporting

Location
Limerick, Munster, Ireland
Salary
Unspecified
Posted
26 Mar 2021
Closes
21 Apr 2021
Ref
86252
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

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.

ROLE

This role is based in our Limerick Office and is within our Regulatory Reporting Division.

The Ireland Regulatory Reporting team supports two key functions, Central Bank Reporting & KIID Production.

Central Bank Reporting:

The Ireland Regulatory Team produces and submits to the Central Bank of Ireland both monthly and quarterly a variety of NAV statistical reports. The team ensures that the returns to the Central Bank are accurate, complete and are submitted within the required timeline. 

KIID Production:

As part of the UCITS IV regulation adopted across the majority of EU member states on 1 July 2011, management companies are now required to produce a two-page Key Investor Information Document (KIID) that provides concise information in plain language to help investors make informed decisions prior to investing into a fund. KIID production is a service that Northern Trust offers to its clients, including the production of the Synthetic Risk and Reward Indicator (SRRI), Past Performance and Ongoing Charges (OCF’s).

This opening relates to the Central Bank function of the team.

PRINCIPAL RESPONSIBILITIES

  • Reports to the Regulatory Reporting Manager.
  • Produces Irish statistical returns, both monthly and quarterly.
  • Ensues quality is maintained across all submission types regarding content and format and that returns are in accordance with Central Bank guidelines.
  • Builds strong professional relationships with internal and external parties.
  • Responsible for the maintenance of the list of funds to be reported on for each return.
  • Completes a reconciliation of the list of funds to other internal reference sources semi-annually.
  • Liaison with other Northern Trust Departments as required.
  • Delivers clear, cross-referenced working papers to support financial/qualitative data in regulatory returns and audit trails.
  • Develops and updates procedures documents and checklists as required.
  • Assists the Regulatory Reporting Manager in liaising with our business process analysts to ensure the process is as automated and as controlled as possible.
  • Assists the Regulatory Reporting Manager to identify gaps in the existing process to improve and streamline each of the processes and to leverage the offshore Central Bank Team where ever possible.
  • Involvement in KIID Production Services SRRI, Past Performance and SRRI in line with CESR Guidelines.
  • Involvement in the OCF production process including direction of the offshore production team
  • Review OCF calculations prior to providing to the Team Leader for their internal review
  • SKILLS / EXPERIENCE

  • Excellent financial/business acumen. 
  • Demonstrates commitment to producing very high quality work to tight cyclical deadlines.
  • Quality driven, ensuring excellent accuracy and attention to detail.
  • Good knowledge of Excel.
  • Strong team player.
  • Good communication and interpersonal skills are required.
  • Time management & organisational skills.
  • Self-motivated, innovative and analytical.
  • Ability to learn and adapt to new processes quickly.
  • Flexible to requirements of role.
  • Basic knowledge of regulatory/compliance reporting is desirable but not essential.
  • 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 – Private Medical Insurance, 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.

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