Senior Analyst, Depositary Operations

Recruiter
Northern Trust
Location
London (Greater)
Posted
05 Dec 2018
Closes
09 Dec 2018
Sector
Legal
Contract Type
Permanent
Hours
Full Time
The EMEA Depositary Services Group provides robust depositary, trustee and fiduciary services, supported by stringent compliance monitoring and oversight activities. Our Depositary business acts as both client advisory and service delivery partner, whilst satisfying overarching EU regulatory requirements in the key areas of enhanced investor protection, transparency, reporting, and the minimisation of systematic risk within the investment process. We are now recruiting to lead a team in the UK overseeing output from the depositary operations team "the hub". The incumbent will ensure continuity in providing a high quality trustee and depositary monitoring services for UK funds and maintain detailed operational oversight as well as ensuring regulatory deadlines and service level agreements are met. PRINCIPAL RESPONSIBILITIES • Monitoring of core delivery from offshored locations including: daily ICM reviews, daily monitoring of issues / cancellations, daily cash flow monitoring (including review of cash flow and cash reconciliation MI), fee validation, monthly and XD NAV oversight, distribution review, and XD certification; • Assisting the monitoring of AFMs and their delegates both desk based and site visits; • Assisting with the review of AFM documentation such as Risk Management Policies, Valuation Policies, and COI policies from a depositary perspective during client on boarding / ongoing basis; • Assist with activities associated with the take-on of new clients; • Assist with the delivery of continual improvements e.g. improved productivity, reduction in risk, as well as to increase the satisfaction of staff; • Keeping abreast of regulatory changes for the fund ranges; • Liaising professionally with all clients and their delegates, ensuring that they are more than satisfied at all times. Likewise with NT Partners; • Assisting with the training and developing team members both in the UK and Bangalore. The successful candidate will benefit from having: • Financial Services industry experience • Experience working for a depositary/trustee (or like function), • People management and leadership experience • Funds knowledge with reference to the UK rules and/or regulations (e.g. the COLL and FUND) The competencies that would be valuable for this role include: • Attention to detail • Effective collaboration • Internal and external stakeholder management • Risk and control mindset • Client service orientation About Northern Trust For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world's most-sophisticated clients - from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands. We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater. Northern Trust proudly cultivates a diverse workforce, to serve our diverse client base. We strongly believe that diversity of experience contributes to a broader collective perspective that will consistently lead to a better company. We encourage applications from the best regardless of ethnicity, gender, gender identity, age, nationality, disability, sexual orientation, education, socio-economic background, parental and caring status, or religion. As of September 30, 2018, Northern Trust Corporation had: • $10.8 trillion in assets under custody/administration • $8.2 trillion in assets under custody • $1.2 trillion in assets under management • $132 billion in banking assets

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