Senior Analyst, Depositary Operations
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 recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018.
Role/ Department:
The role within Depositary Operations is helping to ensure that Northern Trust fulfils its oversight responsibilities under the Alternative Investment Fund Management Directive (AIFMD) & UCITS Directives.
The key responsibilities of the role include:
The primary responsibilities will be in the areas of “Cash Flow Monitoring”& “Valuation Oversight”. This includes review of significant and inconsistent transactions recorded on a fund, oversight of cash and stock reconciliations performed by fund accounting, approval of performance fees and other oversight functions as required under valuation oversight.
Major Duties
• Review of fund accounting cash reconciliations to custody ;
• Review significant transactions/cash flows and determine if they are consistent with the fund;
• Review of the units in issue reconciliation performed by fund accounting against transfer agency records;
• Review of fund accounting stock reconciliations to custody, prime broker or external valuation reports ;
• Various tasks associated with valuation oversight including but not limited to fee review & nav calculation review;
• Review & approval of performance fees;
• Ensuring reporting requirements for both internal and external clients are produced on a monthly basis.
Skills/ Qualifications:
• Previous financial services experience is desirable
• Strong written and oral communication skills
• Ability to work independently and cooperatively within a team environment
• Ability to deal with complex issues
• Strong problem solving skills
• Detail-oriented and accurate
• Can work to procedures as designed and identify gaps
• Ability to assist in testing new processes or system developments
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.
