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.

Role/ Department:

As Depositary Senior Analyst, you will be a key member of our growing Northern Trust Global Services SE (NTGS SE) Luxembourg Depositary team. You will be providing technical, monitoring and operational support and be a day-to-day contact with our varied investment fund (UCI) clients. The role involves technical coordination and regulatory oversight of operational monitoring programmes, in-line with UCITS and AIFMD Depositary duties.

PRINCIPAL RESPONSIBILITIES:

· Ensure continuous execution of UCITS/AIFMD depositary oversight for Luxembourg UCI clients. · Collaborate with the Depositary and EMEA leadership teams to anticipate, address, and validate technical requirements. · Communicate client-related information clearly, securely and efficiently. · Identify and implement process improvements. · Support new business initiatives, due diligence, and client change projects. · Monitor and report on delegate and third-party service provider performance. · Provide management information and risk reports. · Participate in relevant depositary governance forums. · Build and maintain client relationships, seeking opportunities to enhance service delivery. · Stay informed of regulatory developments · Oversee compliance with Contractual and Service Level requirements. · Supervise routine checks of depositary functions for with alternative and traditional asset classes. · Address operational and technical queries related to depositary services. · Maintain and update operational procedures to meet risk requirements. · Support onboarding initiatives. · Demonstrate teamwork, leadership, multitasking, and a commitment to accuracy.

KNOWLEDGE/SKILLS:

· Comprehensive understanding of Depositary processes related to both traditional and alternative funds businesses · personal confidence and flexibility to undertake the variety of tasks required to build out the proposition and win and support client mandates · good training skills and the ability to mentor and educate new members of the team · Fluent in English language, other EU languages would be an advantage · Strong knowledge of change management and expertise in transitioning and onboarding client relationships · Demonstrated knowledge of financial services regulations, particularly within the European Union

· Excellent verbal, presentation, and written communication skills · Ability to adapt to and align with Northern Trust’s corporate culture · Positive, proactive attitude including a willingness to engage in a diverse range of tasks and to contribute enthusiastically as part of a team · Capability to perform effectively under pressure and to represent Northern Trust in a professional and positive manner, both internally and externally

EXPERIENCE:

· Solid evidence experience in a Depositary, Custodian, Man Co/AIFM or EU or Luxembourg UCI Fund servicing role · Proven experience with Luxembourg , understanding and applying regulatory regimes of AIFMD and UCITS regimes · Proven client service experience

REQUIREMENTS & QUALIFICATIONS:

· EU resident or Third country resident with an EU work permit · University degree or professional qualifications in accounting, economics, risk, compliance or finance

CORE COMPETENCIES:

· Client Focussed

• Excellence in Execution
• Effective Communication – Personal Courage – NT Savvy – Innovative
• Diversity, Inclusion & Respect

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. #Made For Greater

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.

About Our Luxembourg Office

In 2024, the Northern Trust Luxembourg office celebrated their 20th anniversary, an important chapter in their history. Having opened in 2004 to support one client, they have since grown their client base substantially and increased their headcount significantly, which now stands at over 400.

From modern fully equipped meeting rooms to a vast canteen with a view over a vegetable garden, maintained by our team all year round, and a rooftop where beehives have been installed, this space is truly a source of pride for our team. Learn more.