Founded in Chicago in 1889, Northern Trust (NT) 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.
Role: The Depositary Relationship manager is a senior member of the Luxembourg Depositary Team, reporting to the head of Depositary of Northern Trust Global Services Luxembourg (NTGS Lux).
The Depositary Relationship manager is responsible for the Depositary service provided to NTGS Lux Depositary clients. This requires highly effective communication and relationship management skills and to be fully conversant in all aspects of regulatory and legal obligations of traditional and alternative investment funds.
A proven track record of delivering upon Depositary service excellence, building business relationships and adhering to the regulatory, legal and corporate control framework is expected.
Own the overall NTGS Lux Depositary client service experience
Provide client support on a day to day and strategic level, ensuring a consistently high quality is maintained per contractual and regulatory obligations
Work with the NTGS senior management team to determine new strategies for Depositary services and deliver upon those
Develop deep and trusted relationships with NTGS clients, internal partners and stakeholders, focussing on continuous improvement, risk awareness, client satisfaction
Monitor the regulatory environment and assessing business and client impact, ensuring NTGS Lux Depositary services and Fund clients are compliant with applicable laws, regulations and circulars
Attend, assist and coach for client and internal due diligence visits
Review and develop client reports, KPIs, Board reporting and present these at client and management meetings
Assist in sales pitches and preparing materials
Represent NTGS Lux Depositary at industry events and internal governance committees and meetings, assess the evolving Depositary operating model and product differentiators
Act as deputy to the head of NTGS Lux Depositary and assist peer Depositary functional team managers, as required
Consistently look for opportunities to improve upon the NTGS Depositary business model. Assess the risks associated with NTGS Lux Depositary and client relationships, identify and manage these risks with the parties concerned
Lead by example, share knowledge, create and maintain a cohesive, diverse, respectful and inclusive working environment
Seek a consistent approach for NTGS Lux Depositary within the broader EMEA Depositary business. Work with partners in other jurisdictions to ensure a common service level is maintained.
5 years' work experience in a Depositary bank at a senior grade
Solid understanding of the regulatory regimes applicable to both traditional and alternative investment funds, in Luxembourg and preferably any other EU locations
Expertise in dealing with complex client matters, engaging client and their delegates, building solid relationships and maintaining business
Good knowledge of financial products / services associated with funds
Aware of the developing market place, regulatory landscape and new solutions being developed to meet changing demands
Used to dealing with internal senior management, including functions of compliance, finance, risk, legal and audit
Been involved in sales and new business initiatives, as sponsor, or project manager
Have lead teams, achieved common goals within a time, cost and regulatory driven environment
Represented a Depositary Bank at industry forums/events/committees
Masters' degree or a professional qualification in Finance, Audit, Compliance or Law
Fluent written and spoken English, with French being and advantage
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.
As of December 31, 2018, Northern Trust Corporation had:
$10.1 trillion in assets under custody/administration $7.6 trillion in assets under custody $1.1 trillion in assets under management $132 billion in banking assets
As Northern Trust is a financial organisation; all new employees will be required to undergo a criminal record check.
Internal Number: 5501021
About Northern Trust
eFinancialCareers is a career site specializing in financial services.