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The role is within Depositary Operations helping to ensure that Northern Trust fulfils its oversight responsibilities under the Alternative Investment Fund Management Directive (AIFMD) & UCITS Directives.
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.
Review of fund accounting cash reconciliations to custody ;
Review significant transactions recorded on a fund and determine if inconsistent 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;
Ensuring reporting requirements for both Internal and external clients are produced on a monthly basis.
Analytical and problem solving skills are required
Basic Functional / Industry Knowledge is preferred
Good communication skills, both written and verbal with internal and external parties
Will require supervision for many of the allocated tasks
Works cooperatively & effectively as a team member
Expected to use some initiative but refer more complex problems to supervisors/experts
Can work to procedures as designed and identify gaps
A College or University degree and/or some relevant work experience are preferred.
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.
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 that is committed to strengthening the communities we serve!
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.
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. Build your career with us and apply today.