Analyst, Depositary Operations

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. Major Duties 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; Ensuring reporting requirements for both Internal and External clients are achieved on a monthly basis. Knowledge/Skills Detail-oriented and accurate Good communication skills, both written and verbal with internal and external parties Works cooperatively & effectively as a team member Expected to use some initiative but refer more complex problems to supervisors/experts Can work to procedures and identify gaps Ability to assist in testing new processes or system developments 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 16,500 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 June 30, 2017, Northern Trust Corporation had: $126 billion in banking assets $7.4 trillion in assets under custody $9.3 trillion in assets under custody/administration $1.0 trillion in assets under management