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.

About Northern Trust Asset Management (NTAM):

Northern Trust Asset Management (NTAM) is a trillion dollar investment management firm entrusted by investors around the globe to help them navigate changing market environments, so they can confidently realize their long-term objectives. 

About the role:

This is an opportunity for an individual with fund administration experience to join the Third Party Oversight team, who are the main point of oversight and escalation for NTAM’s third parties. This 1st line role at Vice President (VP) level will ensure the smooth running of operations with key third party relationships - mainly the fund administrator, depositaries, and custodian for NTAM funds - utilising strong relationship and stakeholder management skills to do so.

The successful candidate will be a self-starter with high attention to detail, and will be involved in driving forward the oversight and vendor management model for key service providers globally.

Key responsibilities:

Perform ongoing oversight of key service providers.Ensure deliverables are managed to deadlines and in accordance with service level agreements (SLAs).Support and lead due diligence meetings and service review meetings.Monitor performance and issues, reporting and escalating in a timely and accurate manner.Manage incidents through to resolution, building relationships with key internal and external stakeholders at both a local and global level to act as an internal escalation point for complex issues.Track and support the remediation of emerging operational risks or near misses by third parties, and ensure measures are implemented to prevent a reoccurrence.Conduct thematic reviews and trend analysis.Create and present management information (MI), dashboards, and reports to senior stakeholders and governance forums.Drive critical third party deep dives.Further improve and maintain a robust global governance framework and oversight model for third party relationships – including SLAs, service level documents, KPIs and due diligence questionnaires.Provide guidance and expertise to stakeholders to ensure compliance with the NT Third Party Risk Management (TPRM) framework and procedures, and relevant regulatory requirements.Support the implementation of changes to address regulations related to outsourced activities.

Required Skills/ Experience:

Comprehensive experience in a fund administration or third party oversight role at a global asset manager.Knowledge of service provider requirements supporting Front, Middle and Back Office investment management services, including risk assessments, due diligence, service oversight, and governance of critical third parties.Good knowledge of the UK and EU regulatory environment, in particular the CBI Outsourcing Guidelines (CP138) and other regulations related to third party management and vendor risk management.Experience of reviewing SLAs, KPIs, and NAV production, and leading service reviews and due diligence reviews.Working operational knowledge of UCITS and AIFMD products is a distinct advantage.

Valuable competencies:

Team player with superior relationship building skills, with the ability to quickly gain trust and manage stakeholders effectively both internally (within a highly matrixed and global operating model) and externally with third parties.Ability to work on own initiative and support other team members as required.A keen eye for detail.Good IT skills, including Power BI, Excel, PowerPoint, and ability to manage data for analysis, documentation, and reporting purposes.Strong written and verbal communication skills, and presentation skills.Ability to multitask, quickly assess issues, propose solutions and convey complex information in a simple way in a fast paced environment across a wide range of  stakeholders.

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.

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 MyHRHelp@ntrs.com.

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.