Consultant, Client Service, Investment Operations - Chicago, United States - Northern Trust Corp.

Northern Trust Corp.

Verified Company

Chicago, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

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.

The Opportunity:

In this highly engaging and competitive role, the Consultant on the Investment Operations Outsourcing (IOO) Client Service team serves as the first point of contact for the client on day-to-day activities, and is responsible for solving complex issues.

The Consultant is also expected to participate in or lead projects that focus on improving overall service quality to the client.

Through prior industry experience, the Consultant should have broad, in-depth knowledge of the investment management industry, middle office operations and is expected to have strong interpersonal skills to work effectively and independently with both internal and external stakeholders.

About Investment Operations Outsourcing:

Northern Trust (NT) IOO offers our Asset Manager clients full middle-office and component solutions for a complex range of products, markets and asset types.

We provide end-to-end solutions to service all of our clients' post-trade needs.

Our global, pass-the-book operating model means client portfolio information is seamlessly transferred across regions, time zones, custodians and third parties.

IOO's success is tied not only to the efforts of employees within the department, but also on our effective partnerships with multiple global support teams across Northern Trust, including Reconciliations, Corporate Actions, Income, Performance, Derivatives Operations, and Pricing, to name a few.

The Impact:
(Primary daily responsibilities)

Operations Management
Responsible for providing client service through oversight of daily functions and tasks, including but not limited to: cash processing, custodian reconciliations, front office reconciliations, client reporting, client fee billing, as well as general client inquiries regarding NTprovided data.
Cross train on all oversight functions as assigned, and serve as backup for peers as necessary
Reinforce usage of NT, IOO or client best practices within IOO and its support teams
Responsible for multiple projects of various complexities
Able to identify opportunities for process or service quality improvement, while acting as a liaison across the enterprise to drive execution
Understand and enhance procedures and controls to mitigate operational, financial or reputational risk to the client and NT
Client Service Management
Responsible for understanding client's business and deliverables
Responsible for providing timely responses to client and internal stakeholder inquiries with limited manager input
Drive the engagement of other partners as appropriate to promptly resolve and remediate client inquiries/issues
Assist in the development and rollout of process changes necessary to align with client support needs and/or best practices
Understand current Service Level Agreements (SLAs) which outlines roles and responsibilities between NT and the client that are directly related to job function(s)
Relationship Management
Act as a main point of contact and be accessible to other internal partners and teams supporting the client relationship
Independently build relationships with internal partners and teams and be able to use collaboration, persuasion or influence skills to solve client issues or improve client service

The Minimum Qualifications:

5+ years of relevant work experience supporting Financial Industry Operations, Asset Management and/or Investment Operations clients
Knowledge of trade lifecycle and the various counterparties within the operating model
Examples of process efficiencies that have been implemented in prior roles
Proven, excellent oral and written communication skills
Demonstrated ability to prioritize and multitask, and complete work with a sense of urgency that matches the client/issue
Strong Analytical, attentiontodetail and problem solving skills

The Ideal Qualifications:

A college or university degree
Direct investment management operations experience
Previous exposure to / experience with business process and/or technology enhancement initiatives

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