Senior Consultant, Depositary Services at Northern Trust

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

Are you ready to immerse yourself in a role that offers real impact, professional growth, and global connections? We are now seeking an individual to join the Nordic Depositary team. As a Depositary Consultant you will join our small and dynamic team that service the local clients that include one of the largest fund managers in Norway. You will gain international experience, be exposed to a broad set of responsibilities and work closely with our operations and our clients. In the role you will play an important part in ensuring that our local regulatory and client obligations are upheld, which would involve daily monitoring and analysis of the compliance programmes for our investment fund clients, day-to-day interaction with clients providing advice and discussing matters of interest, and also engagement in local and regional projects. At Northern Trust you will have a unique opportunity to daily interact with different jurisdictions and that is positioned for further growth in the Nordics. This is your chance to work in a fast-paced, collaborative environment where your skills and insight directly contribute to our success.

Northern Trust offers Depositary services out of eight international locations in Europe, which oversee over 2 700 funds with a total invested value exceeding USD1 500bn. The business in Norway was launched in 2021 and currently have a small but ambitious team that provide oversight and service to local Norwegian fund clients. The team works closely with resources located in our other international locations, which include important fund domiciles such as Luxembourg and Ireland, and our Nordic office in Stockholm.

Why join us?

• Focus on Expertise: Focus on building your professional expertise in an environment that values knowledge, experience, and innovation.
• Impactful Work: In a small, high-performing team, your contributions will have direct and measurable impact.
• Global Perspective: Be part of a trusted international organisation that connects you to industry-leading knowledge and practices.
• Entrepreneurial Energy: Be part of an exciting growth story, helping shape the future of our Nordic business

The key responsibilities of the role include

• Deliver expert advice and oversight to ensure compliance with depositary obligations, from cash flow monitoring to asset safekeeping and compliance verification.
• Take a hands-on role in operational processes, ensuring seamless execution in partnership with our operational support teams.
• Act as a trusted partner to our clients, by partnering with our clients to ensure their needs are met in line with regulatory requirements and operational best practices.
• Help create a solid foundation for growth by ensuring every aspect of our operations meets the highest standards, reinforcing our reputation in the market.
• Collaborate closely with your local and global colleagues to deliver value-driven solutions that strengthen our position in the industry.
• This role is ideal for professionals eager to develop their expertise and contribute to a high-performing team. Your focus will be on building operational excellence and professional knowledge, ensuring that the business is positioned for long-term success.

Skills/ Qualifications

The successful candidate will benefit from having:  

• Relevant experience from a financial services firm, ideally a Depositary provider, an asset manager or with a service provider of regulated investment funds. Experience in compliance, fund accounting, custody, risk management and transfer agency are all transferrable to the role.
• Analytical thinker with a proactive mindset and exceptional attention to detail.
• A ‘can do’ attitude – including a willingness to tackle a broad range of work and to work enthusiastically within a team
• Ability to work under pressure and to represent Northern Trust professionally and positively, both internally and externally
• Personal confidence and flexibility to work in a “start-up business unit” and the flexibility to undertake the variety of tasks required to build out the proposition and win and support client mandates
• Client focused and display effective communication in both Norwegian and English
• Higher education at university level with strong credentials
• Strong Microsoft Office capabilities

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.