Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
To work in a team environment performing depositary duties in accordance with corporate governance and infrastructure, Central Bank of Ireland and local market regulations and the requirements of fund documentation. This entails areas including and, not limited to, client management, monitoring fund compliance with investment restrictions, engaging with regulators and audit firms, producing accurate MI reporting, assisting in depositary projects and initiatives and supporting new business activity within the depositary business.
Principal Responsibilities - First point of contact for clients and internal partners for allocated clients. - Responsible for servicing allocated clients including timely escalation of issues on a day to day basis. - Responsibility for on-boarding new funds / structures for allocated clients. - Attend and present at quarterly board meetings and due diligence visits for allocated clients. - Participate in ad-hoc client meetings/ calls. - Review fund documentation from a depositary perspective, including prospectus/ supplement / RMP / Valuation Policies / SLD and DDQ. - Perform periodic investment restriction reviews. - Investigate breaches and communicate to fund promoter / investment manager. - Update the regulatory breaches register. - Ensure prompt response to client & internal queries. - Arrange the setup of new funds on the automated compliance monitoring system. - Complete monthly client reports and ensure reports are sent within SLD deadline. - Produce quarterly board report and issue to Corp. Sec within deadline. - Complete and monitor fund risk assessment reporting. - Update and maintain the regulatory breaches & error registers - Report investment breaches to fund boards and the CBI as required. - Report material price errors to fund boards and the CBI as required. - Assist in the completion of the annual on - site inspection of each operational section in the administration company if required. - Assist with the on-going monitoring of appointed global custodians / prime brokers if required. - Work on team projects (e.g. new regulations and process improvements). - Assist with the completion and submission of MI to Depositary committees. - Participate in the development of the procedures within the department. - Ability to identify risks and issues and escalate appropriately to the management team.
Skills - Excellent communication and time management skills. - Strong problem solving, technical and analytical skills. - Ability to work within a multi-team structure. - Ability to work on own initiative. - The successful candidate must display ambition, positivity, confidence, discipline, approachability and enthusiasm.
Experience - It is expected the successful candidate will have between 5 - 7 years' relevant fund industry experience. - Understanding of the laws and regulations applicable to depositary - in particular, requirements for Irish funds. - Working fund knowledge including exposure to complex asset and fund structures. - Experience in a depositary role or similar is required.
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
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 sustainable companies! Build your career with us and apply today. #MadeForGreater
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .
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.