Senior Consultant - Depositary Fund Oversight

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role/ Department:
The Senior Consultant - Depositary Fund Oversight (Investment Risk Oversight) role sits within the sub-team of UK Depositary which is responsible for the ongoing oversight of Authorised Fund Managers (AFM’s) & their funds (OEICs, Unit Trusts & Alternative Investment Funds), risk management and any activity or matter that occurs within a fund's lifecycle.

The successful candidate will have an agreed responsibility for oversight of Fund’s risk management, Trustee and Depositary oversight and due diligence for NT.

The key responsibilities of the role include:

• Ongoing monitoring of all regulatory (COLL & AIFMD) and Fund specific requirements for AFMs on a daily/periodic basis; ensuring the delivery of effective compliance monitoring/compliance monitoring plans
• Qualitative asset eligibility assessments (equities, bonds, structured products, derivatives and various corporate events)
• Other investment risk-related analysis such as liquidity monitoring, derivative exposure and fair value pricing
• Assistance with ongoing developments to Depositary risk management frameworks for industry topics (e.g. Environmental Social and Governance investment oversight)
• Lead for Fund Oversight review of scheme launch and change events
• Build and maintain both external and internal relationships including offshore locations, AFM equivalents, senior managers and key contacts within delegates
• Performance of due diligence visits on topics such as investment compliance monitoring, liquidity monitoring, fair value pricing oversight and production of associated reports
• Management of team workloads and priorities to ensure timely completion of deliverables
• Maintaining KPIs, developing and maintaining KPIs for offshore locations and presentation of MI on an ongoing basis

Skills/Qualifications:
The successful candidate will benefit from having:

• Knowledge of Depositary duties and responsibilities
• Understanding of investment risk
• Knowledge of fund products and operating structures, investment strategies and asset classes
• Solid knowledge and understanding of the FCA regulations for Funds and Depositary responsibilities
• Previous relevant risk management or compliance experience
• Efficient in MS Office tools
• Effective communication and relationship management skills
• Excellent organisational skills, attention to detail and ability to work both individually and as part of a team
• Good interpersonal and time management skills

Work Authorization

Applicants must have the right to work in the United Kingdom at the time of application and for the duration of employment.

Please note that Northern Trust is unable to provide visa sponsorship for this role. This includes Skilled Worker visas, Global Business Mobility routes, Graduate visas, Youth Mobility Scheme, High Potential Individual visas, Scale-up Worker visas, Temporary Worker visas, and other employer-sponsored visa categories.

Working with Us

As a Northern Trust 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 committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.