at Northern Trust Company in Chicago, Illinois, United States
Job Description
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.
The Opportunity:
In this highly engaging and competitive role, the Consultant on the Investment Operations Outsourcing (IOO) Client Service team serves as the first point of contact for the client on day-to-day activities, and is responsible for solving complex issues. The Consultant is also expected to participate in or lead projects that focus on improving overall service quality to the client.
Through prior industry experience, the Consultant should have broad, in-depth knowledge of the investment management industry , middle office operations and is expected to have strong interpersonal skills to work effectively and independently with both internal and external stakeholders.
About Investment Operations Outsourcing:
Northern Trust (NT) IOO offers our Asset Manager clients full middle-office and component solutions for a complex range of products, markets and asset types. We provide end-to-end solutions to service all of our clients' post-trade needs. Our global, pass-the-book operating model means client portfolio information is seamlessly transferred across regions, time zones, custodians and third parties.
Combined with a single application for aggregating data, analyzing risk and performance, valuing assets and managing reporting, NT IOO offers a consistent experience that helps balance risk, quality and cost for each of our clients.
IOO's success is tied not only to the efforts of employees within the department, but also on our effective partnerships with multiple global support teams across Northern Trust, including Reconciliations, Corporate Actions, Income, Performance, Derivatives Operations, and Pricing, to name a few.
The Impact: (Primary daily responsibilities)
- Operations Management
- Responsible for providing client service through oversight of daily functions and tasks, including but not limited to: cash processing, custodian reconciliations, front office reconciliations, client reporting, client fee billing, as well as general client inquiries regarding NT-provided data.
- Cross train on all oversight functions as assigned, and serve as back-up for peers as necessary
- Reinforce usage of NT, IOO or client best practices within IOO and its support teams
- Responsible for multiple projects of various complexities
- Able to identify opportunities for process or service quality improvement, while acting as a liaison across the enterprise to drive execution
- Understand and enhance procedures and controls to mitigate operational, financial or reputational risk to the client and NT
- Client Service Management
- Responsible for understanding client's business and deliverables
- Responsible for providing timely responses to client and internal stakeholder inquiries with limited manager input
- Drive the engagement of other partners as appropriate to promptly resolve and remediate client inquiries/issues
- Works to become a key subject matter expert on the IOO Operating...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
