Consultant, Fund Governance Solutions
Locations: Chicago, IL; Boston, MA; Tempe, AZ
Time Type: Full time
Posted on: Posted 5 Days Ago
Job Requisition ID: R132115
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.
SUMMARY
The Fund Governance Solutions Group combines Regulatory Administration and Compliance Support resources to support our clients’ regulatory needs. These groups are made up of experienced industry professionals, including attorneys, who work with our clients’ internal teams to plan filings, provide support on non-routine matters including proxy campaigns and fund reorganizations, as well as distribution and intermediary support.
Under general direction, the Investment Post-Trade Compliance Consultant (“Consultant”) will primarily support the post-trade compliance needs and testing of our GFS clients. The Consultant will also support the compliance testing and other needs of the GFS business, including participating in the necessary testing and enhancement of Northern Trust’s Rule 38a-1 Program.
The Consultant will need to interact closely with Partners and management at all levels across the organization, primarily in GFS. Strong communication skills and excellent organization skills are required. There is also the opportunity for significant client interaction.
MAJOR DUTIES
Provide a point of contact for clients and Partners with respect to the post-trade compliance monitoring of GFS client portfolios. This will include:
- Daily compliance support of 1940 Act and CIT fund clients, including reviewing and analyzing automated monitoring and performing manual tests
- Understanding SEC and IRS rules
- Assisting in the development of compliance tests both on- and off-line
- Maintaining appropriate documentation and files
- Providing internal and external audit support
Participate in the quarterly and annual testing of Northern Trust’s Rule 38a-1 Program, ensuring that the testing is performed according to standards and delivered to clients accurately and in a timely manner. Must be able to interact with Senior Management at both Northern Trust and at our clients. Participate in the implementation and monitoring of a mutual fund compliance program, including the testing and oversight of written policies and procedures, the maintenance of a risk matrix, and the monitoring of internal and external service providers. Assist in preparing materials for Board and Senior Management reporting. Participate in new business opportunities, including the review and analysis of needs and the design of solutions. Support Sales efforts.
KNOWLEDGE / SKILLS
- Knowledge of the Investment Company Act of 1940, as amended, is preferred
- Working knowledge of security types, investments and investment mandates
- Familiarity with post-trade compliance processes and systems, especially Charles River, is preferred
- Excellent organizational and project management skills are required
- Excellent written and verbal communication skills are required
- Strong attention to detail
- Analytical and problem-solving skills
- Ability to work independently and as part of collaborative groups
- Ability to work under pressure and prioritize competing tasks
- Must be highly flexible and adaptable to change
- Knowledge of mutual fund operations preferred
- Ability to interact appropriately with clients and management of all levels
- Ability to work independently to learn regulations is required upon hire
- Ability to meet daily deadlines
EXPERIENCE REQUIRED
- A College or University degree in Business Administration, Finance, Economics, Accounting or related field and/or relevant proven work experience is preferred.
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
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.
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