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Team Leader, Investment Compliance

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Inv Perf / Support
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75526 Requisition #
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The Team  

The Fund Governance Solutions group provides regulatory administration and compliance support services to assist clients in meeting the regulatory and compliance obligations associated with managing funds registered under the Investment Company Act of 1940; collective investment trusts; and partnership vehicles. The group also provides compliance support to the Global Fund Services (“GFS”) business and is responsible for the oversight and testing of Northern Trust’s Rule 38a-1 Program for Registered Mutual Fund Clients. 

Primary Duties 

  • Assigns tasks to the Investment Compliance staff. Organizes the work, sets short-term priorities, monitors all activity, and ensures timely and accurate completion of the work.  
  • Provides input into the performance management process and staffing decisions. 
  • Works with various investment compliance systems and manages the data elements required for various deliverables. 
  • Reviews client documentation and client schematics for completeness
  • Completes guideline review and sets up guidelines on compliance systems 
  • Conducts systems testing to ensure guidelines are set up properly
  • Maintains data elements from various external sources on a daily and monthly basis.  
  • Updates compliance models due to product enhancements, parameter limit adjustments or when new investment managers are added. 
  • Maintains all regular daily, weekly and monthly systems update requirements. 

Knowledge/Skills

  • Strong experience, background, and knowledge of the Investment Company Act of 1940 and rules thereunder is required.
  • Excellent oral and written communication skills are required. 
  • Ability to work under pressure and prioritize competing tasks that require the highest level of attention to detail 
  • Ability to establish good working relationships with clients. 
  • Solid working knowledge of Excel and investment systems are required to analyze data and generate client reports
Qualifications 

  • Bachelor's degree required; Advanced degree or proven business acumen preferred
  • Minimum 3 to 5 years of related trust or investment industry experience.
  • Ability to apply laws and regulations to portfolios and practices and to assist in the development of clear policies and procedures
  • Familiarity with various investment styles, asset classes, strategies for achieving performance goals, benchmarks and investment related terminology. 
  • Familiarity with investment manager guidelines and language used in documentation. 
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

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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), +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