Founded in Chicago in 1889, Northern Trust is one of the world's leading financial institutions. We specialise in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.
Luxembourg office Our recent acquisition of UBS Asset Management's fund administration servicing units in Luxembourg and Switzerland and the decision to base our European Bank in Luxembourg demonstrates our commitment to the region. It has positioned Northern Trust in Luxembourg as a top 10 asset servicing provider.* There has never been a more exciting time to join our growing team.
Managing a team of approximately 12 people from Team Leaders to Analysts
Managing Registration AND AML processes in Luxembourg and interactions between Luxembourg and Bangalore including completion of daily work, timely turnaround/delivery, procedure adherence, error measurement and mitigation.
Ensuring that Registration responsibilities are organised and controlled within the ambit of regulation, compliance and risk management.
Workflow queue management, analysis and delivery to set KPI's
Escalation point for Luxembourg and Bangalore registration teams for unresolved matters either within Registration or other work streams in Transfer Agency.
Proactive and participative leading and managing of the Control and Oversight functions in relation to the outsource agreement between Luxembourg and Bangalore and any other jurisdictions where Luxembourg TA provide service.
Managing the compliance of Registration business to standards, procedures, guidance notes, regulation in relation to the registration function or where registration affects other processing areas, internally or externally to the Transfer Agency business. Compliance with regulations and attainment of client specific processing requirements
Maintains a close working relationship with other areas within the Transfer Agency business unit and other Divisions/Departments within Northern Trust
Manage, maintain and participate in matters of Risk, Compliance, Audit and Control in relation to Registration and AML functions
Actively participate and contribute to initiatives in relation to TA, Management, internal/external working groups and projects
Adherence to Registration standard operating procedures and guidelines
Observation of proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties by self and team.
Compliance to related Northern Trust policies attributed to good corporate governance of People, Process and Systems by self and team
Ensuring that KPIs are achieved in order to keep ASLs to a minimum.
Managing and ongoing reduction of ASL loss to the Transfer Agency
Foster and maintain internal and external stakeholder relationships (Relationship Managers, Clients, Risk, Compliance and AML, Central Bank of Luxembourg, FED, Clients, Advisors, Auditors, Trustee, Compliance and Shareholders)
Drive the implementation of any change in the Registration AML area
Qualifications & Experience
Knowledge of Transfer Agency Line of Business processing systems, more specifically in the aspects of Registration (MFTA is an asset),
AML screening in relation to Financial Sanctions, PEP's and adverse media
Suspicious transaction monitoring and reporting
Competent in Transfer Agency Workflow processing system and concepts
Successfully led a team/teams
Transfer Agency Registration – extensive working experience
Project/Change management skills and experience
Effective risk management
Customer Service and relationship experience
Computer literate: Lotus Notes / Microsoft email, Microsoft Excel, Word
Collective Investment Schemes / Hedge Fund administration
An understanding of investment product administration
Strong and up to date Knowledge of KYC - AML applicable laws and regulations
Financial Sanctions, Politically Exposed Persons, Customer Due Diligences and its differing levels and aspects
Clear understanding of the inter-relationship between Registration and AML
Role and inter-relationship between Administrator/Custodian//Investment Manager
Strong understanding of the Outsourcing and the managing of outsource relationships
Transfer Agency Registration and Dealing process
FATCA, CRS, ERISA
A strong / high level of the below:
Provide guidance and support to reporting staff
Understand principles of quality delivery
Accuracy and attention to detail
Planning / Organisational skills
Work under pressure and unsupervised
Interpersonal / Team player
Self-motivated / Own initiative
Ability to stay focussed / tenacious
Ability to take initiative and constantly propose improvements
Effective communication skills, both verbal and written
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.
As of September 30, 2017, Northern Trust Corporation had:
$131 billion in banking assets
$7.8 trillion in assets under custody
$9.7 trillion in assets under custody/administration
$1.1 trillion in assets under management
As Northern Trust is a financial organisation, all new employees will be required to undergo a criminal record check.