Associate Specialist, Investor Services, Hedge Fund Services at Northern Trust

Chicago, Illinois, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Hedge Funds, Financial ServicesIndustries

Requirements

College or University degree and/or relevant proven work experience (required/preferred)
Related Industry qualification (e.g. ACCA) (required/preferred)
Excellent oral and written communication skills
In-depth Functional / Industry Knowledge
Highly flexible and adaptable to change
Technical skills / systems knowledge (e.g. Peoplesoft)

Responsibilities

Oversight of accurate and timely processing of all capital activity transactions including subscriptions, redemptions, transfers and Private Equity Commitment, Calls and Distribution processing; ownership of more complex clients and fund structures
Onboard new clients and help train and migrate new business to standardized processes; ensure proper transparency and efficient design if divergence is needed
Understand current manual processes and risk points and work to improve as necessary
Drive Hydra testing and implementation of program
Liaise with Business Teams, PMs and other Specialists to execute on respective prioritized projects
Operate independently with in-depth knowledge of business unit / function
Focus on operational risk and profitability by automating manual processes/calculations and recommending procedures to improve integration environment and corresponding testing
Act as a subject-matter expert on HFS’ proprietary system to answer questions on functionality/capability and assist with business problem solving
Work with HFS’ internal shared service teams to resolve Investor-related questions or improve workflow between teams
Perform discovery due diligence with clients to gather requirements, write back- and middle-office business requirements and test code releases in both HFS’ integration and production environments
Partner with HFS IT’s external vendor on development approach related to new functionality
Interact with the client during the discovery and on-boarding phases

Skills

Key technologies and capabilities for this role

Investor ServicesCapital Activity ProcessingSubscriptionsRedemptionsTransfersPrivate Equity CommitmentsClient OnboardingProcess AutomationHydra TestingBusiness RequirementsSystem TestingOperational RiskProprietary Systems

Questions & Answers

Common questions about this position

What is the salary range for this position?

The salary range is $95,600 - 162,400 USD, which is a good faith estimate of base pay.

What benefits does Northern Trust offer?

Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What skills and experience are required for this role?

Excellent oral and written communication skills, in-depth functional/industry knowledge, high flexibility and adaptability to change, and technical skills/systems knowledge (e.g., Peoplesoft) are required. A college or university degree and/or relevant proven work experience is required/preferred, along with related industry qualifications (e.g., ACCA).

What makes a strong candidate for this Associate Specialist role?

Strong candidates will have a college degree or relevant experience, industry qualifications like ACCA, in-depth knowledge of hedge fund services, technical systems expertise, and the ability to operate independently as a subject-matter expert while driving process improvements and client onboarding.