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Associate Specialist, Corporate Actions, Hedge Fund Services

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Operations/Securities
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75457 Requisition #
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HEDGE FUND SERVICES
CORPORATE ACTIONS ASSOCIATE SPECIALIST 

DESCRIPTION

Founded in Chicago in 1889, Northern Trust is one of the world’s leading financial institutions. We specialise in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.
Northern Trust Hedge Fund Services offers world-class, scalable technology and dedicated expertise to serve hedge funds and large institutional investors with complex portfolios and product types. The business provides comprehensive middle office and administration services, including trade processing, asset servicing, valuation and profit and loss reporting, cash and collateral management, reconciliations, accounting and NAV calculations and investor servicing and reporting.

ROLE

The partner in this role will work with both the Dividend and Re-Org teams across all global locations for NTHFS.  The successful partner will provide operational day-to-day support, project planning/testing/release, control review/enhancements, and additional value-add items to the teams.  The partner should have a strong understanding of both mandatory and voluntary corporate events in order to add value in the role.  The partner should be able to see both the big picture of the teams’ responsibilities as well as be able to dive into the details where needed.  The partner will be expected to coordinate change (projects/enhancements/controls) across all members of the teams as well as coordinating with relevant stakeholders (both Business & IT) outside of the Corporate Actions teams where needed.  The role will also involve direct engagement with internal and external auditors as part of the SOC1 review and any client audit queries that arise.

RESPONSIBILITIES 
  • Project Work, including BRD writing, test plans, regular project checkpoints, and functional/regression testing
  • Liaise with internal and external auditors regarding SOC1 control review as well as client-related audit queries
  • Control functions including checklist & regular/quarterly procedure review/updates
  • Cash & Position Breaks, identifying themes of breaks to improve efficiencies and aged break review with team
  • Training, ensuring team members are up-to-date on functional training, identifying areas of training gaps, etc
  • Coverage, working with TL’s and Manager to identify most efficient and effective client coverage model, updating as clients come on/off and partners are hired and/or leave
  • Efficiencies, identifying more cost efficient and time efficient ways of executing the teams’ responsibilities, including working with offshore teams on support
  • Metrics, review and enhance  monthly metrics in order to drive efficiencies across the teams
  • Communicating effectively with team members, other internal teams, and external parties; tailoring communication style to audience as required
SKILLS / EXPERIENCE 
  • 8+ years relevant industry experience in Corporate Actions
  • Proficiency with DTC and any other relevant Corporate Actions event managers
  • Knowledge of operational and accounting principles, familiar with financial markets and instruments
  • Proficiency in Microsoft Word, Excel, PowerPoint
  • Excellent written and oral communication skills
  • Excellent analytical skills and problem solving abilities
  • Proven team player, taking ownership for own role while contributing to wider team efforts
  • Ability to work under pressure and to meet deadlines in a demanding and fast paced environment
  • Excellent people skills; ability to dynamically act as knowledgeable point of reference to co-workers
  • Highly flexible and adaptable to change
  • Undergraduate degree in Finance, Accounting or related subject preferred
For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.


As of December 31, 2018, Northern Trust Corporation had:

$10.1 trillion in assets under custody/administration
$7.6 trillion in assets under custody
$1.1 trillion in assets under management
$132 billion in banking assets 

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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
  • APAC EEO Statement
    • APAC EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • Canada EEO Statement
    • Canada EEO STATEMENT

      Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

  • EMEA EEO Statement
    • EMEA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • USA EEO Statement
    • USA EEO STATEMENT

      It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.)EEO is Law Poster Supplement