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Job Description The role is within Depositary Operations helping to ensure that Northern Trust fulfils its oversight responsibilities under the Alternative Investment Fund Management Directive (AIFMD), and in time also under UCITS V. The primary responsibility will be in the area of oversight in relation to "CIS Due Diligence".
This includes review of Collective Investment Scheme (CIS) documentation where a Depositary client wants to invest in a new CIS, assessing the risk profile of the Investment based on clearly defined and approved policies. It also includes Post Trade compliance reviews on Portfolio holdings for breaches of the CIS Due Diligence policy across multiple jurisdictions.
Review of Collective Investment Scheme documentation encapsulating risk mitigation from a Northern Trust Depositary perspective ;
Review of Monthly Portfolio Asset holdings for Post Trade Compliance breaches;
Liaising with clients both internal and external in an efficient and professional manner;
Engagement with external provider of Transfer Agent Monitoring Programme;
Reporting to management and governing bodies on exceptional investments that don't pass Initial Assessment
Other duties as assigned may include participation in on-boarding of clients, Safekeeping of Assets and asset verification, Transfer Agency Oversight, as well as analysis of data from Prime Brokers;
Assist in ensuring audit responsibilities are comprehensively covered;
Participating in ensuring governance procedures within the department are being adhered to;
Ensuring reporting requirements for both Internal and External clients are achieved on a monthly basis.
Detail-oriented and accurate
Proficient in Microsoft Office
Good communication skills, both written and verbal with internal and external parties
Ability to work independently and cooperatively within a team environment
Ability to deal with complex issues & good problem solving skills
Can work to procedures and identify gaps
Ability to assist in testing new processes or system developments Experience
Experience in the Financial Services Industry
Some Funds Knowledge
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.