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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.
Role/ Department:
Custody Oversight Team performs oversight on Delegated custody tasks. Among other functions, CO team submit periodic reports to the regulators in Luxembourg: The Banque Centrale du Luxembourg (BCL) and the Commission de Surveillance du Secteur Financier (CSSF).
The key responsibilities of the role include:
- Provides oversight on delegated custody functions
- Sound knowledge of custody regulations and functions
- Capable of working independently on Custody Oversight functions
- Support tasks related to on-site inspections of the Service Providers and Prime Brokers
- Performs periodic sample testing on delegated tasks
- Supports queries from committees members and/or management
- Assists other team members on operational activities
- Verifies that portfolio transactions of Income, Dividends, Corporate Actions, Trades are processed and settled per market standards, Identify exceptions/breaks and follow up with custody operational teams and management to ensure these are understood and addressed
- Prepares management Information Statistics and reporting
- Prepares, reviews and transmits custody activity reporting for Luxembourg regulators
- Keeps up to date team procedures
Skills/ Qualifications:
- A College or University degree and/or some relevant work experience is preferred (preferably Custody or Oversight)
- Technical knowledge of the securities industry, its products and instruments.
- Working knowledge of Microsoft applications (VBA would be an asset).
- Analytical and problem solving skills are required / 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 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.
As Northern Trust is a financial organisation, all new employees will be required to undergo a criminal record check.
