Consultant, Depositary Operations

6 months ago


Saint Peter Port, United Kingdom Northern Trust Corp. Full time

About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role/ Department:
The role is within the Depositary and Trustee Oversight department helping to ensure that Northern Trust fulfils its oversight responsibilities under both the Alternative Investment Fund Management Directive (AIFMD) and local Guernsey regulations.

The key responsibilities of the role include:

- A varied role involving monitoring and oversight support to a variety of fund structures, legal entities and alternative investment vehicles;
- Communicating and collaborating with internal and external clients at both operational and board levels including answering related queries;
- Trust oversight and operational coordination, reviewing transactional documentation, liaising with lawyers and arranging meetings to discuss acquisitions, sales and ad-hoc queries;
- Overseeing the daily, weekly and monthly checks for depositary functions including cashflow monitoring, fund oversight and safekeeping duties;
- Ensuring fund compliance with regulations and constitutional documentation;
- Responsible for the oversight of outsourced locations and fund delegates reviewing due diligence questionnaires and performing due diligence visits as appropriate;
- Reviewing alternative investments and look-through requirements;
- Ensuring new clients and new funds are incorporated into relevant processes;
- Leading/Involvement in change management projects and processes as required;
Skills/ Qualifications:

- Proven track record with 5+ years’ experience within financial services industry - Depositary, custody, Trustee, administration or investment management
- Excellent communication skills, both written and verbal, with internal and external parties including a track record of communicating at client/board level;
- Knowledge of Guernsey fund regulations and the AIFMD
- Ability to work independently and cooperatively within a team environment;
- Analytical approach and the ability to drive change through initiative and collaboration
- Holding or working towards financial services qualification preferable
- ACCA, ICSA or other finance related

Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve Join a workplace with a greater purpose.

Reasonable accommodation


We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.



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