Settings

CAREERS

Depositary Relationship Manager

📁
Institutional Trust
📅
74465 Requisition #
Apply for Job
Share this Job
Sign Up for Job Alerts

Depositary Relationship Manager

 

Founded in Chicago in 1889, Northern Trust (NT) is one of the world’s leading financial institutions. We specialise in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.

 

Role:
The Depositary Relationship manager is a senior member of the Luxembourg Depositary Team, reporting to the head of Depositary of Northern Trust Global Services Luxembourg (NTGS Lux).

The Depositary Relationship manager is responsible for the Depositary service provided to NTGS Lux Depositary clients. This requires highly effective communication and relationship management skills and to be fully conversant in all aspects of regulatory and legal obligations of traditional and alternative investment funds.

 A proven track record of delivering upon Depositary service excellence, building business relationships and adhering to the regulatory, legal and corporate control framework is expected.

 

 Principal Responsibilities:
• Own the overall NTGS Lux Depositary client service experience
• Provide client support on a day to day and strategic level, ensuring a consistently high quality is maintained per contractual and regulatory obligations
• Work with the NTGS senior management team to determine new strategies for  Depositary services and deliver upon those
• Develop deep and trusted relationships with NTGS clients, internal partners and stakeholders, focussing on continuous improvement,  risk awareness, client satisfaction
• Monitor the regulatory environment and assessing business and client impact, ensuring NTGS Lux Depositary services and Fund clients are compliant with applicable laws, regulations and circulars
• Attend, assist and coach for client and internal due diligence visits
• Review and develop client reports, KPIs, Board reporting and present these at client and management meetings
• Assist in sales pitches and preparing materials
• Represent NTGS Lux Depositary at industry events and internal governance committees and meetings, assess the evolving Depositary operating model and product differentiators
• Act as deputy to the head of NTGS Lux Depositary and assist peer Depositary functional team managers, as required
• Consistently look for opportunities to improve upon the NTGS Depositary business model. Assess the risks associated with NTGS Lux Depositary and client relationships, identify and manage these risks with the parties concerned
• Lead by example, share knowledge, create and maintain a cohesive, diverse, respectful and inclusive working environment
• Seek a consistent approach for NTGS Lux Depositary within the broader EMEA Depositary business. Work with partners in other jurisdictions to ensure a common service level is maintained.

Experience:
• 5 years’ work experience  in a Depositary bank at a senior grade
• Solid understanding of the regulatory regimes applicable to both traditional and alternative investment funds, in Luxembourg and preferably any other EU locations
• Expertise in dealing with complex client matters, engaging client and their delegates, building solid relationships and maintaining business
• Good knowledge of financial products / services associated with funds
• Aware of the developing market place, regulatory landscape and new solutions being developed to meet changing demands
• Used to dealing with internal senior management, including functions of compliance, finance, risk, legal and audit
• Been involved in sales and new business initiatives, as sponsor, or project manager
• Have lead teams, achieved common goals within a time, cost and regulatory driven  environment
• Represented a Depositary Bank at industry forums/events/committees

 

 Qualifications:
• Masters’ degree or a professional qualification in Finance, Audit, Compliance or Law
• Fluent written and spoken English, with French being and advantage

 

About Northern Trust

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.


We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.


As of December 31, 2018, Northern Trust Corporation had:

 

$10.1 trillion in assets under custody/administration
$7.6 trillion in assets under custody
$1.1 trillion in assets under management
$132 billion in banking assets


As Northern Trust is a financial organisation; all new employees will be required to undergo a criminal record check.

 

Previous Job Searches

My Profile

Create and manage profiles for future opportunities.

Go to Profile

My Submissions

Track your opportunities.

My Submissions

Similar Listings

Luxembourg, Luxembourg, Luxembourg

📁 Institutional Trust

Requisition #: 73834

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), +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 EEO Statement
    • APAC 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