Northern Trust Illinois City , IL 61259
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 16,500 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 June 30, 2018, Northern Trust Corporation had:
$135 billion in banking assets
$8.1 trillion in assets under custody
$10.7 trillion in assets under custody/administration
$1.1 trillion in assets under management
The Transfer Agency ("TA") department provides a third party fund administration service to numerous fund management companies covering the full range of shareholder servicing functions including dealing, registration, settlements, distributions, commissions and statements. The TA Audit Team is the main point of contact for AML and audit support for both regulatory and fund audits. The Consultant is responsible for a variety of functions, including acting as a point of escalation for more junior staff. The ideal analyst must have some experience with reconciliation and accounting, must have excellent attention to detail and follow-up skills, and must be able to work independently as well as in a team environment.
The key responsibilities of the role include:
Coordinate audit requests for both regulatory and fund audits, ensuring timely completion of all audits
Ensure accurate and timely completion of all other assigned functions
Apply knowledge of systems & processes to address inquiries, resolve issues, identify patterns/trends & recommend process improvements.
Process and quality check a wide range of transactions through internal systems, to regulatory and client standards
Provide input to process changes which would result in greater operational efficiency
Identify, document and disseminate new procedures and controls
Carry out complex activities with significant financial, client, and/or internal business impact
Able to serve as a key subject matter expert and mentor to other more junior level employees
May manage daily operational activities and supervise day-to-day work of junior level employees (but not a formal management role)
Technically sound in area of expertise and has broader knowledge of other areas
Delivers a high quality work product
Ability to facilitate discussions and reach decisions
Focuses on maintenance and implementation of policies and procedures in the function, building towards becoming an area expert.
Carries out relatively complex, extensive, high profile activities e.g. direct interaction with committees and more senior management.
Demonstrates excellent analytical, consultative, communication and judgment skills..
May lead projects and/or train lower-level staff
The successful candidate will benefit from having:
A College or University degree and/or 3-5 or more years of relevant work experience
Previous audit experience is preferred
Excellent oral and written communication skills
Functional / Industry Knowledge
Analytical and problem solving skills