Consultant - Depositary Fund Oversight

Northern Trust Corporation

Consultant - Depositary Fund Oversight

Salary Not Specified

Northern Trust Corporation, City of Westminster

  • Full time
  • Permanent
  • Onsite working

Posted 6 days ago, 15 May | Get your application in now to be included in the first week's applications.

Closing date: Closing date not specified

job Ref: 293562601143412a88b93af726f082ef

Full Job Description

The Consultant- Depositary Fund Oversight role is a role within a sub-team of the UK Depositary responsible for ongoing oversight of AFMs & their funds (OEICs, UTs, AIFs), risk management and any activity or matter that occurs within a fund's lifecycle.
The preferred candidate will have an agreed responsibility for oversight of Fund's risk management, Trustee and Depositary oversight and due diligence for NT.
Additional responsibilities include:

  • 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

    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 management skills

  • Excellent organisational skills, attention to detail and ability to work both individually and as part of a Team

  • Good interpersonal and time management skills

    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., 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.
    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 sustainable companies! Build your career with us and apply today. #MadeForGreater
    Reasonable accommodation
    Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at
    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.
    Apply today and talk to us about your flexible working requirements and together we can achieve greater.