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.
Responsible for the depositary relationship management for allocated depositary clients, assisting in the day-to-day activities of depositary, supporting the growth of the business and contributing and supporting the strategic agenda.
Additional duties include:
- Ensuring the depositary control environment is aligned to corporate standards and industry best practice.
- Delivers the day-to-day UK Depositary Services functions in accordance with Depositary best practice.
- Ensures all Depositary obligations are successfully adhered to through establishing and monitoring applicable procedures and controls.
- Provides client support on a day-to-day basis, supporting the implementation of regulatory change impacting clients and managing client led change activity. Ensuring at all times a high quality of client output and conformance to service levels
- Maintains and develops client relationships in order to achieve high levels of client satisfaction and to optimise Northern Trust’s commercial positioning in the UK Depositary Services industry.
- The support of due diligence and on-site inspections of relevant third parties. This will require operating independently of other Northern Trust group entities.
- Key member of a client facing team
- On-going liaison with the pan-European Depositary Operations function.
- Monitoring the regulatory environment and assessing business impact.
- Able to operates independently; demonstrates an in-depth knowledge of the depositary business unit / function
- Role is balanced between high level operational execution and development, and execution of client level strategic direction and relationship management.
- Responsible for direct interaction with different committees and/or management
The selected candidate should demonstrate a fair amount of the following:
- Good understanding of UK Funds operating models and fund administration arrangements.
- An awareness of the key UK regulations applicable to the fund and depositary banking industry.
- An understanding of the types of portfolio investment strategies / asset classes
- Good level of communication and relationship management skills
- Team player with demonstrable NT values and cultural synergies
- A College or University degree and/or relevant proven work experience is required
- Previous experience in a similar function in a custodian bank, securities industry or investment management firm that offers the full fund administration suite of services
- Previous relevant risk management, legal and compliance experience an advantage.
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.