Account Administrator, Wealth Management

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.

This is an office-based position and for the effective performance of this role, the duties and responsibilities must be carried out onsite.

The Account Administrator role is the primary administrative and compliance partner on a relationship. Working closely with the Advisor assigned to the relationship, the Account Administrator is primarily responsible for all administrative, compliance and risk obligations related to the relationship, including proper documentation, response to client requests for information, opening accounts, distribution and gifting requests (after discussion with the Advisor), account closing, and similar tasks. The Account Administrator will work closely with the Account Manager assigned to the relationship to ensure coordination and appropriate delegation.

Key responsibilities include:

Manage accounts in accordance with fundamental fiduciary duties and responsibilities, considering legal requirements, terms of the documents, Northern Trust policies & procedures, assessment of fiduciary and business risk, client needs and Trust & Advisory resources.

Act as lead partner to respond to daily client requests for information, including status of money movement, account changes and other requested information. Research client issues where required.

Take the lead on requests to Operations and other support areas, including account set-ups, fees, distributions, and ongoing account activity. Monitor account transactions and overdrafts in accordance with fiduciary policy guidelines and resolve outstanding issues. Identify and promote internal process improvements.

Respond to all Account Review Exceptions reports on a timely basis. Address all compliance issues promptly. Practice comprehensive file management, as prescribed by US Administrative Practices and Guidelines, ensuring all documentation relative to administration is appropriately imaged and archived and that all relevant system records are maintained.

The successful candidate will benefit from having:

• 2 - 4 years in asset servicing, relationship management or related fields

• College or university degree and/or relevant proven work experience with client relationships is preferred

• Experience with personal trust and agency relationships, including compliance requirements, usually acquired through related work experience, is required.

• Knowledge of bank process and functions required.

• Ability to act independently and solve complex problems.

• Comfort with process and technology, required to manage relationships.

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.