CAREERS

Analyst, Depositary Operations (Graduate)

📁
Institutional Trust
📅
88596 Requisition #

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 strive to have a globally diverse workforce where engagement and inclusion drive business excellence. We believe in the power of collaborative partnerships and are proud to work with a number of organisations across EMEA who provide us with ongoing knowledge, education and insights to support our efforts. 

We monitor our progress by participating in market benchmarks which assess industry best practice and are delighted to have received a Silver Award from the Mind Workplace Wellbeing Index over two consecutive years, and a Gold Award from the UK Ministry of Defence Employer Recognition Scheme.

ROLE

To work in a team environment performing depositary/trustee operational duties in accordance with corporate governance and infrastructure, Central Bank of Ireland and local market regulations and the requirements of collective investment scheme constitutional documentation.  This entails oversight of areas including and, not limited to, monitoring fund compliance with investment restrictions, producing accurate MI reporting, supporting new business activity within the depositary business units, maintaining and controlling data management requirements and producing internal/external reporting (e.g. client monthly and board reporting).  

PRINCIPAL RESPONSIBILITIES 

Investment and Compliance Monitoring:
-    Completion of investment and borrowing limit checklists; 
-    Perform investment restriction and leverage reviews;
-    Monitor and review monthly investment manager confirmations - including VaR;
-    Update and maintain the regulatory breaches register; and
-    Ensure prompt response to client & internal queries.

Data Management and MI Reporting: 
-    Support the production of MI and key risk reporting;
-    Complete and monitor fund risk assessment reporting;

Client, Board and Regulatory Reporting:
-    Assist in the collation of data for quarterly board reporting and monthly client reporting
-    Contribute and deliver monthly client reporting within SLD deadline; 
-    Support internal risk reporting;
-    Assist in the completion and submission of Central Bank reporting;
-    Issuance of standard letters to the Regulators; and,
-    Assist with the production of audit confirm letter/ schedule of holdings.
    
Additional Responsibilities:
-    Participate in the development of the procedures within the department.
-    Ability to escalate issues in a timely manner to the management team.
-    Support the depositary operations requirements.

SKILLS
    Ability to work within a multi-team structure.
    Strong communication, problem solving and analytical skills.
    Ability to work on own initiative.
    Working fund knowledge including exposure to complex asset and fund structures.
    Understanding of the laws and regulations applicable to depositary/trustee and local requirements – in particular, requirements for Irish funds.
    Good working knowledge of MS Office.
    Working knowledge of fund accounting / transfer agency systems is an advantage.

EXPERIENCE 
    Third level qualification and/or advanced in professional studies.
Experience in financial services is a distinct advantage

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.


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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), 1800-425-0333 (India), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
  • APAC/India EEO Statement
    • APAC/INDIA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • Canada EEO Statement
    • Canada EEO STATEMENT

      Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

  • EMEA EEO Statement
    • EMEA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • USA EEO Statement
    • USA EEO STATEMENT

      It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.)EEO is Law Poster Supplement