CAREERS

Sr. Consultant, Fund of Funds Administration

📁
Operations/Securities
📅
86882 Requisition #

FoFA is a cross-functional team which handles multiple functions within Global Fund services supporting the fund trading and rebalancing operations of Collective Investment Trusts. Activities include but not limited to: Trading, Reporting, Rebalancing and Vendor Relationships.

 

Responsible for overseeing and undertaking all activities including trading, new fund launches, setup, dividend activities, sub accounting and vendor relationships in relation to FoFA dealing activities.  Manages large and/or complex projects such as operational process re-design, new business/product initiatives, process re-engineering and provides multi-disciplinary consulting service to internal partners, external parties and clients.  Technical experts without management responsibilities, seen as key advisor on significant business decisions.  Keeps abreast of emerging industry trends.  Maintains regular contact with peers internal and external to firm, including regulators and professional organizations.

 

A successful candidate will be someone, who is highly adaptable, excels at problem solving, is comfortable with complexity, thrives in a deadline oriented, multi-faceted business task environment, and is excited about working on a start-up cross-functional team.  Excellent communication skills are also required to develop and manage relationships with external Clearing Correspondents, external Mutual Fund Companies, Transfer Agents and internal business partners.  

 

The ideal candidate should have reasonable knowledge of the end to end process for collective investment trusts - how they are sold in the marketplace, and the operational interactions between a financial services intermediary or retirement recordkeeper and a fund transfer agent.  The candidate will be expected to demonstrate the ability to learn the operating environment surrounding retirement plan servicing and fund servicing, and to understand the roles and responsibilities of participants in the trading and settlements process for investor and for fund-of-funds transactions. 

The candidate will be expected to understand or be capable of learning data and file flows and industry tools, and to maintain a working knowledge of industry practices such as National Securities Clearing Corp (NSCC) processing.  Ideally, the candidate should have experience with intermediary agreements and should understand subscription/investor account opening processes for Collective Investment Trusts or be able to quickly acquire working knowledge of those. 

 

The candidate will assist in creating the service model and infrastructure for a team who will coordinate day to day activities related to Fund of Funds Administration. The team’s activities include but are not limited to the oversight of service providers, coordination of intermediary agreements, maintenance of allocation profiles, providing data and reporting to inform rebalancing decisions, and supporting clients and partners with queries and issue resolution.

 

The candidate will work with Clients, Service Providers, and internal Northern Trust partner teams to focus on strategic operational and governance solutions, focused on the unique needs of Fund of Funds and Multi-Manager Funds. 

 

Experience in the financial services industry is required, with preference to candidates with directly related experience. Strong written and verbal communication skills are required.  Analytical and problem-solving skills are required.  Organizational skills are required to manage multiple tasks and projects in a fast-paced, time sensitive environment.  Flexibility, willingness to learn, and the ability to work effectively in a team environment are critical.

 

Major Duties:

 

  • Operates independently; has in-depth knowledge of business unit / function
  • As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level
  • Carries out activities that are large in scope, cross-functional and technically difficult
  • Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities
  • Conducts preliminary analysis
  • Responsible for direct interaction with different committees and/or management
  • Strategic in developing, implementing and administering programs within functional areas
  • Coordinates with clients, external parties and partners to oversee processes related to Fund of Funds and/or Multi-Manager funds
  • Coordinate with clients and partners to establish and maintain relevant Intermediary agreements. Oversee processes to update and maintain asset allocation instructions in the relevant systems
  • Coordinate structural changes, including maintaining action plans related to client changes
  • Oversee daily activity and work with partner areas to resolve any issues in a timely manner
  • Maintain appropriate documentation on processes and controls.
  • Develop and maintain knowledge of relevant industry practices, regulations, and company processes

Experience:

  • 8+ years relevant industry experience required

Direct experience with collective funds and mutual funds operations strongly preferred

About Northern Trust:

Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With over 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Working with Us:

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!                

We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why we are honored to receive the following awards in 2021:

  • Gender Equality Index Member, Bloomberg
  • Top Financial & Banking CompanyBlack EOE Journal, Hispanic Network Magazine, Professional WOMAN'S Magazine

 

We’d love to learn more about how your interests and experience could be a fit with one of America’s best banks and most sustainable companies! Build your career with us and apply today.

 

 

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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), 1800-425-0333 (India), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

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