Job Description
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. Role/Department: The role within Depositary Operations is to ensure that Northern Trust fulfils its oversight/regulatory responsibilities under the Alternative Investment Fund Management Directive (AIFMD) & UCITS Directives. The primary responsibilities will be in the area of Safekeeping of Assets and Asset Verification. Verification of "Other Assets" and familiarity with different fund structures and documentation required to confirm assets. The key responsibilities of the role include The ability to work independently and cooperatively within a team environment; Ability to review and approve other partner's work; Ensuring reporting requirements for both internal and external clients are produced on a monthly basis. Ability to 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; Skills/ Qualifications: The successful candidate will benefit from having: Excellent attention to detail and accuracy; Excellent communication skills, both written and verbal, with internal and external parties; A flexible approach to changing business requirements; Excellent multi-tasking and strong problem solving skills; Excellent administration and organizational skills; Ability to display initiative and professionalism; Ability to deal with complex issues; Ability to assist in testing new processes or system development; 3 years Fund administration experience, ideally in Private Equity, Real Estate, Debt or Fund of Fund asset classes. 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 . 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.