DEPOSITARY SENIOR ANALYST - ALTERNATIVES at Northern Trust

Luxembourg

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Asset ManagementIndustries

Requirements

Experience in a Depositary, Custodian, ManCo/AIFM or Fund servicing role
Proven experience with Luxembourg structures, understanding and applying regulatory regimes of the AIFM and UCITS directives
Proven client service experience
Ability to communicate efficiently

Responsibilities

Ensure all Depositary requirements are met and escalate any issues where appropriate to management
Work with the Depositary Managers and EMEA Product Development to ensure that all client technical advisory requirements are anticipated, responded to and validated
Provide a high quality service to the client and ensure that all relevant business information is disseminated with clarity and efficiency
Identify and act upon opportunities to improve operating processes
Assist with the implementation of Depositary new business and client change
Monitor and report on the effectiveness of the operational output from delegates and/or third party service providers
Attend and contribute to operational audit and board meetings
Build relationships with clients, identifying opportunities to enhance service, delivering on Depositary duties
Ensure that all processes undertaken are in line with applicable law and company’s policies and procedures
Analyse the potential impact of new laws and regulations on the depositary activity
Ensure that all SLD requirements are monitored and met
Maintain and update operational procedures in line with expected risk requirements
Provide local support for all on-boarding initiatives
Be a team player with strong leadership skills, able to multi-task and work with due skill and attention to accuracy
Lead and participate in specific projects contributing to the overall operating efficiency/effectiveness of the Depositary Operations
Act as the primary point of contact for a portfolio of NT depositary clients, monitoring clients’ daily activities, proactively providing guidance and support as well as technical and operational expertise on all Luxembourg funds to ensure policies and procedures meet regulatory requirements
Leverage experience and knowledge to provide support and guidance to junior team members as well as colleagues and stakeholders across the organisation
Provide involvement with other EMEA jurisdictions from an Operations perspective as well as a Subject Matter Expert depending on experience and capabilities

Skills

Key technologies and capabilities for this role

Depositary ServicesLuxembourg FundsRegulatory ComplianceClient MonitoringFund OversightOperational ExpertiseAlternatives FundsPortfolio Management

Questions & Answers

Common questions about this position

What is the employment type for this Depositary Senior Analyst role?

The position is full-time employment.

Is this role remote or does it require office presence in Luxembourg?

This information is not specified in the job description.

What are the key responsibilities for the Depositary Senior Analyst?

Key responsibilities include ensuring all Depositary requirements are met, working with Depositary Managers on client advisory needs, providing high-quality client service, improving processes, assisting with new business implementation, monitoring delegates, and contributing to meetings.

What is the company culture like at Northern Trust?

Northern Trust offers a flexible and collaborative work culture with encouraged internal movement, accessible senior leaders, and a commitment to strengthening communities.

What experience is needed to excel in this Depositary Senior Analyst role?

Experience and knowledge in Luxembourg funds depositary services, regulatory requirements, EMEA operations, and supporting junior team members as a subject matter expert will make a strong candidate.