CAREERS

Consultant, Client Solutions, Front Office Solutions (x2)

📁
Operations/Securities
📅
87717 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.

 

Front Office Solutions

Front Office Solutions is a new strategic business for Northern Trust that provides a holistic digital+ service offering for some of the most sophisticated institutional investors across the globe, including foundations, endowments, pension funds, corporations, insurance companies, central banks and sovereign wealth funds. As asset owners engage in more complex, data-driven investment approaches to asset allocation, their operational needs and demands for high quality data have skyrocketed. Front Office Solutions provides a holistic, full-service, multi-asset solution that aims to empower in-house investment teams and support their important mission by providing a more comprehensive set of operational services and analytics including portfolio management, investment decision support, operational risk management, CRM/document management and workflow tools.

 

Job Description

Under general supervision (but works independently most of the time) the consultant will be responsible for investment data administration that will provide clients with the holistic data sets they need to fulfil their various stakeholder requirements. Researching and identifying solutions for data challenges for institutional clients

 

The key responsibilities of the role include:

  • Acts as daily point of contact for operational client queries
    • To act as subject matter expert for accounting and general operational queries, including Cost Basis Analysis, Cash Movement, Pricing, Gain & Loss Analysis, Account and Position Reconciliation
    • To assist in review of all other queries
  • Responsible for supporting data management with respect to transactional impacts on accounting, realised gain/loss, cost, etc.
  • Acts as point of initial review for all investment data. Includes review of (but not limited to):
    • Investment transactions (typically statement-based for alternative assets; file-based for public markets)
    • Investment valuations (typically statement-based for alternative assets; file-based for public markets)
    • Manager Estimates
    • Plan Income / Expense Items
    • Plan Contributions / Spending Withdrawals
    • Underlying Manager Exposure Data
    • Benchmark Data
    • Data Quality Review
  • Responsible for secondary review of all investment reconciliations. Includes reconciliation of cash, positions, performance, transactions, alternative investment metrics (unfunded commitment, etc.)
  • Serves as secondary reviewer of investment and composite performance calculations, including timeweighted return and IRR calculations.
  • Responsible for secondary review of single, conventional and blended benchmark data
  • Reviews proxy return settings at the investment level.
  • Participates in initial client discovery sessions, assists in project planning, setting client expectations and facilitating continuous client updates throughout the onboarding process
  • Responsible for the review of all historic data entry and reconciliations during client onboarding.
  • Assists in training new FOS partners in the accounting and operational space.
  • Participates in ongoing process improvement discussions where feasible including:
    • Process improvement through technical skills development
    • Third party vendor sourcing
    • Ongoing Front Office Solutions program build (fee billing, legal contracts, training, etc.)

 

Required Knowledge & Skills:

  • Experience working with complex asset owners including Endowments, Foundations, Family Offices, OCIOs, Pension Funds, Sovereign Wealth Funds, and institutional asset managers.
  • Strong understanding of institutional investment industry, including markets, instruments, funds and fund structures, trading, etc.
    • Knowledge of operational processes, transactional impacts, etc.
    • Familiarity with performance measurement methods and the impact of valuation and transactional activity and timing on different investment return methodologies.
    • Understanding of benchmarks across multiple asset classes as well as an understanding of the benchmark provider industry.
  • Understanding of instances when issues need to be escalated to a supervisor.
  • Advanced understanding of Microsoft Suite (Excel, Word, SharePoint), with particular emphasis on Excel.
  • Ability to prioritize, multi-task, and perform effectively under deadlines.
  • Ability to handle multiple concurrent projects and to reconcile any conflicting priorities.
  • Commitment to project success as it may require working unconventional hours during critical project phases.

 

The successful candidate will benefit from having:

  • Experience using VBA, Python or other programming language to format large data sets.
  • Prior experience with multi-asset class portfolio management software.
  • Experience/orientation to operational process improvement.
  • Client servicing experience. High level of comfort communicating directly with clients and client advocacy.
  • Ability to work closely and collaborate with internal stakeholders.

 

Qualifications:

  • College or University degree
  • Institutional investment industry experience in the following fields:
    • Investment Operations (analytics, financial reporting, fund or investment accounting)
    • Investment Account data reconciliation – Accounting and Performance.
    • Performance Measurement & Investment Data Analytics (attribution, liquidity, and exposures)
    • Alternative asset operations
  • Completion (or progress towards) of advanced credentials (CFA, CAIA, CIPM, CPA, MBA) preferred.
  • Genuine desire and capability to work in a fast-paced, professional, inclusive environment which requires teamwork, well-honed problem-solving skills, frequent re-prioritization, deadline management, ongoing and comprehensive communication, constant attention to detail, and a commitment to continuous improvement and best practices.

 

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.

Previous Job Searches

My Profile

Create and manage profiles for future opportunities.

Go to Profile

My Submissions

Track your opportunities.

My Submissions

Similar Listings

Ireland, Munster, Limerick

📁 Operations/Securities

Requisition #: 89288

Ireland, Munster, Limerick

📁 Operations/Securities

Requisition #: 92437

Ireland, Munster, Limerick

📁 Operations/Securities

Requisition #: 92480

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