Northern Trust

Analyst

• Monitor and agree settlements cash flows with counterparties
• Review trade confirmations versus the trade capture system
• Process novations and client transitions
• Provide trade information to Fund Accountants, Trustees and Third Party Administrators
• Monitor performance of counterparties and provide feedback to clients
• Investigate and resolve queries and enquiries from internal and external clients
• Produce client reporting
• Perform bulk bookings and deletions for transitions in and out of NT
• Investigate and resolve exceptions from Tri-Resolve portfolio reconciliations
• Provide support to the Team Leader
• Prepare settlements and process OTC cashflows accurately and on time
• First review of confirmation for OTC trades accurately and on time
• Liaise with Clients and Market Counterparties to resolve discrepancies
• Proactively address all queries in a time efficient manner
• Ensure team duties completed within internal, market and SLA deadlines
• Ensure controls are adhered to and evidenced daily
• Follow and update procedures regularly
• Undertake tactical and strategic initiatives to improve performance
• Attend internal and external meetings with Clients and Counterparties where required

Analyst, Derivatives – Graduate

• Fee Analyst within International Finance Operations team handling timely capture, recognition, billing and collection of revenue across EMEA
• Based in Limerick reporting to Ireland Fees Team Leader
• Responsible for timely and accurate client billing across entities to strict reporting deadlines
• Initial set-up and maintenance of client static data and interpretation of arrangements
• Collection of fee debtors, generation of payment instructions and banking entries
• Completion of accruals as part of month-end close to ensure accurate revenue
• Work with New Business, Client Services, and Operations to capture new/terminated business
• Communication and escalation of billing delays/issues
• Liaison with Client Services, Business, and Financial Control for query resolution
• Ensure adherence to SOX and audit requirements and input to audits
• Participate as Subject Matter Expert in fee-related changes and projects

Analyst, Fees & Billing

Chief Operating Officer

As an intern at Northern Trust, you will have the opportunity to spend ten weeks working on meaningful projects, developing relevant skills to jump start your career while joining our inclusive and relational culture.
You will work directly with your team on day-to-day tasks with weekly program events to work on new skills, network with senior leaders and socialize as an intern community.
A recruiter will work with you to determine the best team placement given your interests, skill set and relevant experience.
The Program: Ten weeks Located in Chicago, IL; Boston, MA; and Tempe, AZ
Program Opportunities: Lunch & Learns with Executives Professional development workshops Social events Intern Case Challenge Project Day of Service Mentorship and networking opportunities
Sample Projects: Provide reporting and calculations on Net Asset Value (NAV) for various client types Research and resolve processing inquiries and prepare correcting entries Help drive operational efficiency in servicing processes Enhance client servicing and management reporting tools
Sample Career Paths: Chief Operations Office (COO) Analyst in one of a variety of areas, including Banking and Loan Operations, Client Transitions & Account Services, and more.

Chief Operations Officer Intern

Risk

Work Model: Hybrid
Major Duties: Engaging in consultative discussions on a wide range of legal matters that impact mutual funds with client senior management, including fund Chief Executive Officers, Chief Compliance Officers and Chief Financial Officers
Actively engage in and manage the review and production of materials for client board meetings notices, agendas and resolutions
Actively engage in and manage the production and filing of forms and notices with the SEC on behalf of mutual fund clients, including Forms N-1A, N-2, N-PX, and 24f-2
Attend client board meetings and record meeting minutes
Manage and oversee the work of other professional on the team, including cultivating an ideas-driven collaborative work environment
Perform research on issues regarding the 1940 Act and other mutual fund regulations, as needed
Assist in client product development initiatives, including drafting of offering documents for new funds and drafting proxy and information statements
Assist with response to SEC regulatory examinations and inquiries, as necessary
Serve as a resource internally for 1940 Act compliance and related SEC rules and developments
Assist with client development activities
Knowledge: Excellent oral and written communication skills are required
Strong attention to detail. Analytical and problem-solving skills are required.
Ability to work independently and as part of a collaborative group is required.
Excellent organizational and project management skills are required.
Deep knowledge of the 1940 Act and the rule and regulations thereunder, as well as an understanding of other federal and state laws generally applicable to mutual funds and mutual fund operations
Must have working knowledge of security types and investment mandates.
Ability to establish good working relationships with clients, members of Boards of Trustees, Fund Counsels, chief compliance officers, auditors and financial printers.
Ability to work under pressure and prioritize competing tasks.
Must be highly flexible and adaptable to change.
Knowledge of mutual fund operations preferred.

Specialist, Fund Governance Solutions

Compliance

• Designs and performs testing procedures to assess adherence with laws and regulations as well as bank compliance processes.
• Review and interpretation of current and proposed laws and regulations.
• Provides consultation and advice to partners regarding compliance and risk avoidance.
• Develops testing plans by reviewing laws, regulations, and internal policies/procedures.
• Verifies through execution of the Testing Program that activities meet federal, state and local requirements.
• Prepares reports detailing results of testing performed.
• Validates issue remediations presented for issue closures.
• Advises business partners on compliance matters as requested.
• Recommends procedural changes to minimize risk.
• Identifies situations posing significant risk and guides management in policy development.
• Interacts with business partners and internal auditors on regulatory topics.
• Serves on internal and external groups to provide/receive advice on industry trends.
• Participates in training and forums on industry trends and compliance requirements.
• Consults with partners regarding daily decisions that could pose risk and conflict with existing policy.
• Analyzes and reviews results of Compliance Risk Assessments in determining appropriate testing.
• Operates independently; has an in-depth knowledge of Compliance risk avoidance.
• May lead projects, mentor junior employees and review the work of others.

Analyst, Derivatives – Graduate

Analyst, Fees & Billing

Chief Operations Officer Intern

Specialist, Fund Governance Solutions

Sr. Consultant, Compliance