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 Senior Consultant - Depositary Fund Oversight (Investment Risk Oversight) role sits within the sub-team of UK Depositary which is responsible for the ongoing oversight of AFMs & their funds (OEICs, UTs, AIFs), risk management and any activity or matter that occurs within a fund's lifecycle.
The successful candidate will have an agreed responsibility for oversight of Fund’s risk management, Trustee and Depositary oversight and due diligence for NT.
Additional responsibilities include:
Ongoing monitoring of all regulatory (COLL & AIFMD) and Fund specific requirements for AFMs on a daily/periodic basis; ensuring the delivery of effective compliance monitoring/compliance monitoring plans
Qualitative asset eligibility assessments (equities, bonds, structured products, derivatives and various corporate events)
Other investment risk-related analysis such as liquidity monitoring, derivative exposure and fair value pricing
Assistance with ongoing developments to Depositary risk management frameworks for industry topics (e.g. ESG, SDR)
Lead for Fund Oversight review of scheme launch and change events
Build and maintain both external and internal relationships including offshore locations, AFM equivalents, senior managers and key contacts within delegates
Performance of due diligence visits on topics such as investment compliance monitoring, liquidity monitoring, fair value pricing oversight and production of associated reports
Management of team workloads and priorities to ensure timely completion of deliverables
Maintaining KPIs, developing and maintaining KPIs for offshore locations and presentation of MI on an ongoing basis
The preferred candidate should have the following qualities:
Knowledge of Depositary duties and responsibilities
Understanding of investment risk
Knowledge of fund products and operating structures, investment strategies and asset classes
Solid knowledge and understanding of the FCA regulations for Funds and Depositary responsibilities
Previous relevant risk management or compliance experience
Efficient in MS Office tools
Effective communication and relationship management skills
Excellent organisational skills, attention to detail and ability to work both individually and as part of a Team
Good interpersonal and time management skills
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.