Sr. Analyst, Fund of Fund Administration

Chicago, Illinois, United States
16 Jun 2021
24 Jun 2021
Contract type
Full time
Experience level
Qualified accountant


As a part of the Global Funds Services team, the Fund Governance Solutions team supports Northern Trust’s Fund Administration clients in meeting Regulatory, Compliance, and Distribution related needs for their US-domiciled fund vehicles.

The Consultant role will focus on Fund of Funds Administration & Oversight support for Collective Investment Trusts and Mutual Funds.

The candidate will be expected to develop and demonstrate knowledge of how collective investment trusts and mutual funds are sold and distributed in the marketplace, as well as the operational interactions between a financial services intermediary or retirement recordkeeper working on behalf of the investor and a fund transfer agent. The candidate will be expected to develop and demonstrate basic understanding of the operating environment surrounding retirement plan servicing and fund servicing, and to understand the roles and responsibilities of various participants in the trading and settlements process for investor transactions, and for associated fund-of-funds transactions in certain nested fund structures. The candidate will be expected to learn data and file flows and industry tools, and to develop and/or maintain a working knowledge of industry practices such National Securities Clearing Corp (NSCC) processing. The ideal candidate should have some familiarity with cash allocations for fund of funds and/or multi-manager fund structures. The candidate will work with intermediary agreements, and with investor account opening processes.

The candidate will work with Clients, Service Providers, and internal Northern Trust partner teams on fund and/or implementations, day to day deliverables, and on project work as necessary.

Experience in the financial services industry is a plus, with preference to candidates with directly related experience. Strong written and verbal communication skills are required. Analytical and problem-solving skills are required. Organizational skills are required to participate in and help manage multiple tasks and projects in a fast-paced, time sensitive environment. Flexibility, willingness to learn, and the ability to work effectively in a team environment are critical.

Major Duties:

  • Participate with clients and partners to establish and maintain operational structure related to Fund of Funds and/or Multi-Manager funds
  • Establish new and wind down terminated accounts on behalf of the Funds
  • Update and maintain asset allocation instructions in the relevant systems
  • Assist in the execution of structural changes, including maintaining action plans related to client changes
  • Coordinate and initiate rebalancing trading activities within established fund structures.
  • Participate with clients and partners to establish and maintain relevant Intermediary agreements
  • Provide client servicing and support for reporting and inquiries
  • Review daily activity and work with partner areas to resolve any issues in a timely manner
  • Research and resolve complex exceptions
  • Maintain appropriate documentation on processes and controls
  • Understand and Maintain knowledge of relevant industry practices, regulations, and company processes
  • Partner with other NT functional teams to ensure high quality delivery of services to the client and the client’s investors.
  • Demonstrate learned technical and subject matter expertise related to Collective Investment Trusts and the administration and oversight of Fund of Fund arrangements.


  • 2-3+ years relevant industry experience
  • Experience with collective funds and/or mutual funds operations strongly preferred

About Northern Trust:

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

Working with Us:

As a Northern Trust 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!

We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why we are honored to receive the following awards in 2021:

  • Gender Equality Index Member, Bloomberg
  • Top Financial & Banking Company, Black EOE Journal, Hispanic Network Magazine, Professional WOMAN'S Magazine

We’d love to learn more about how your interests and experience could be a fit with one of America’s best banks and most sustainable companies! Build your career with us and apply today.

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

Similar jobs

Similar jobs