CAREERS

Consultant, Investment Compliance Monitoring

📁
Institutional Trust
📅
89029 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.

The Role:
The role is within EMEA Depositary Operations helping to ensure that Northern Trust fulfils its oversight responsibilities under the UCITS and AIFMD directives. The primary responsibility will be in the area of ensuring that the fund is invested in accordance with the appropriate regulations based on fund type and domicile, and the fund prospectus.
.    
The key responsibilities of the role include: 
•    Ensuring data feeds received from various sources are complete and accurate and maintain MI on the quality of data inputs.
•    Dealing with the data discrepancies at source and timely escalation of major issues to manager.
•    Ensuring fund rules are accurately recorded within the compliance engine or where manual checks are performed.
•    Dealing with all exceptions, investigating the investment breaches and resolving all the inadvertent breaches.
•    Communicating all the true investment breaches to the Country Depositary for action and continuing to monitor all investment breaches to conclusion.
•    Setting up of new funds into the compliance system.
•    Setting up investment guidelines or test rules within the system for performing the compliance check.
•    Perform quality checks/secondary review to ensure accuracy of the reports.

Qualifications 
The successful candidate will benefit from having: 
•    Very strong attention to detail and accuracy.
•    Good communication skills, both written and verbal,  with internal and external parties.
•    Good project management skills.
•    Good understanding of different fund structures and different assets types including complex derivatives.
•    Comfortable acting as lead person in discussions with other NT offices/functions.
•    Ability to work independently and create solutions to business challenges.
•    Ability to understand and deal with complex issues and make recommendations for appropriate course of action.
•    Prior experience in investment compliance monitoring and/or a good working knowledge of UCITS regulations will be an added advantage.
•    Third level qualification and/or advanced in professional studies.
•    Several years of experience in financial services, accounting, auditing etc. 
•    Knowledge of asset types and fund structures. 
•    Knowledge of the UCITS and AIFMD regulations (Preferred).
•    Experience in handling large volume of data and reviewing the work of others.
•    Testing of systems changes and managing change in general.

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