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