Consultant, Depositary Operati

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. Northern Trust Job Description Consultant Role:

The role is within Depositary Operations helping to ensure that Northern Trust fulfills its oversight responsibilities under the UCITS and Alternative Investment Fund Management Directive (AIFMD). The primary responsibilities will be in area of Valuation oversight and Investment Compliance – ensuring that the fund’s investment policies are in line with appropriate regulations based on fund type and domicile, and the fund prospectus. MAJOR DUTIES: 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 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. ESG, SDR) Assistance with 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 Support the Depositary due diligence visits on topics such as investment compliance monitoring, liquidity monitoring, fair value pricing oversight and production of associated reports Maintaining KPIs, developing and maintaining KPIs for offshore locations and presentation of MI on an ongoing basis Consulting closely with the Depositary Operations Managers and Project Manager to integrate new clients onto the Northern platform e.g. FundWare. Take lead in migrating Depositary Operations stablish the processes. Operate as a “Subject Matter Expert” in Investment Compliance Monitoring process. Expert level knowledge on monitoring tool such as Charles river, MiG21, Aladdin including “Rules Writing” Working closely with Automation CoE to identify opportunity to improve process by developing new Macros or RPA technology. Dealing with the data discrepancies at source and timely escalation & resolutions  of major issues. Ensuring fund rules are accurately recorded within the compliance engine or where manual checks are performed. Dealing with all exceptions, investigating the investment breaches and resolving all the inadvertent breaches. Communicating all the true investment breaches to the Country Depositary for action and continuing to monitor all investment breaches to conclusion. Setting up of new funds into the compliance system. Setting up investment guidelines or test rules within the system for performing the compliance check. Perform quality checks/secondary review to ensure accuracy of the reports. KNOWLEDGE/SKILLS: Knowledge of Depositary duties and responsibilities Knowledge of fund products and operating structures, investment strategies and asset classes Knowledge and understanding of the FCA regulations for Funds and Depositary responsibilities Previous relevant risk management or compliance experience preferred but not essential Efficient in MS Office tools Effective communication and relationship