Senior Consultant, Depositary Compliance

  • Location: London, England, United Kingdom
  • Salary: Competitive
  • Job Type: Full time

Senior Consultant, Depositary Compliance

The key responsibilities of the role include:

The ideal candidate will be someone with asset management and fund regulatory knowledge who is confident in their ability and able to converse with a broad spectrum of individuals, ranging from CEO's to compliance professionals, with asset management firms. The candidate will need the ability to be able to review and digest information promptly and be able to deliver an engaging update/product to clients. The candidate will also be required to review scheme documentation and respond to client and business queries, in line with regulatory requirements, often under time pressure.

• Keep abreast of UK, EU and International regulatory developments
• Provide analysis of regulatory developments that impact NT depositary business and its clients and
disseminate to the business
• Assist in implementation of regulatory change affecting NT depositary operations
• Production of regulatory development slides for client MI packs
• Assist in production of regulatory development releases to NT depositary clients
• Support the Head of Regulatory & Technical in fostering relationships with NT Compliance, Risk and Legal departments
• Assist the Head of Regulatory & Technical in building and maintaining working relationships with
• Regulatory Services and other NT depositary jurisdictions
• Attendance at industry association meetings at the discretion of the Head of Regulatory & Technical
• Support Relationship Management and Business Development in the review of all appropriate
scheme documentation
• Support and contribute where necessary to the monitoring and oversight of UK clients in a depositary
• Answers regulatory queries from clients and the business
• Keeps all departmental procedures up to date and in line with regulatory and risk requirements
• May have direct interaction with committees and/or senior management
• Delivers a work product that requires less revision
• Able to facilitate discussions and reach decisions
The successful candidate will benefit from having:

• Proven experience working in a depositary or other fund environment (i.e. Management
• Strong knowledge and understanding of the Collective Investment Scheme industry, UCITS Directive
• and appropriate FCA and AIFMD Regulations
• Able to demonstrate clear and sound judgement based upon the risk and clear understanding of the
• UK and European regulatory environment
• Ability to analyse, understand and disseminate information promptly
• Participation in client presentations and review meetings
• Proven planning and organisational skills

About Northern Trust

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 18,500 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.

Northern Trust proudly cultivates a diverse workforce, to serve our diverse client base. We strongly believe that diversity of experience contributes to a broader collective perspective that will consistently lead to a better company. We encourage applications from the best regardless of ethnicity, gender, gender identity, age, nationality, disability, sexual orientation, education, socio-economic background, parental and caring status, or religion.

As of December 31, 2018, Northern Trust Corporation had:

• $10.1 trillion in assets under custody/administration
• $7.6 trillion in assets under custody
• $1.1 trillion in assets under management
• $132 billion in banking assets

This role is open to flexible working arrangement, which can be one day per week working from home or flexible schedule.