Associate Consultant - Total Portfolio Solution

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Front Office Solutions

Front Office Solutions provides a holistic digital+ service offering for some of the most sophisticated institutional investors across the globe, including foundations, endowments, pension funds, corporations, insurance companies, and sovereign wealth funds. As asset owners engage in more complex, data-driven investment approaches to asset allocation, their operational needs and demands for high quality data have skyrocketed. Front Office Solutions provides a holistic, full-service, multi-asset solution that aims to empower in-house investment teams and support their important mission by providing a more comprehensive set of operational services and analytics including portfolio management, investment decision support, operational risk management, CRM/document management and workflow tools

Job Description

Under general supervision, the Associate Consultant supported by a team of Client Solutions partners will be responsible for investment data management that will provide clients with the holistic data sets they need to fulfil their various stakeholder requirements. The Associate Consultant will assist in researching solutions for data challenges for institutional clients.

The key responsibilities of the role include:

• Acts as daily point of contact for operational client queries including accounting and general operational queries.
• Acts as point of initial entry for all investment data. Includes entry of (but not limited to):
  • Investment transactions
  • Investment valuations
  • Manager estimates
  • Plan income / Expense items
  • Plan contributions / Spending withdrawals
  • Underlying manager exposure data
  • Benchmark data
• Supports preparation of investment reconciliations including cash, positions, performance, transactions, alternative investment metrics (unfunded commitment, etc.).
• Responsible for initial review of NAV, allocation and underlying client performance for alternative investments.
• Assists in training new FOS partners in the accounting and operational space.
• Supports client onboarding including initial client discovery sessions, project planning, setting client expectations and facilitating continuous client updates throughout the onboarding process.
• Participates in on-going process improvement discussions
• Ability to work closely and collaborate with internal stakeholders.

Required Knowledge & Skills:

• Experience working with complex asset owners in one or more of the following fields:
  • Performance measurement (attribution, liquidity, and exposures)
  • Alternative asset or private equity operations
  • Investment operations (fund or investment accounting)
• Knowledge of the investment industry, including markets and instruments.
• Basic investment concepts knowledge: IRR, time-weighted return, NAVs, accruals, etc.
• Proficient in use of Microsoft suite of applications
• Ability to prioritize, multi-task, and perform effectively under deadlines.

The successful candidate will benefit from having:

• Functional /industry knowledge of and experience with complex asset allocators such as endowments, foundations, family offices, institutional asset managers, pension funds or sovereign wealth funds.
• Ability to execute on independent tasks and responsibilities.

Qualifications

• College or University degree, preferably in Finance, Accounting, Mathematics, Economics or a related field.
• Interest in pursuing advanced professional credentials (CFA, CIPM, CAIA, MBA) preferred
• Genuine desire and capability to work in a fast-paced, professional, inclusive environment which requires teamwork, well-honed problem-solving skills, frequent re-prioritization, deadline management, ongoing and comprehensive communication, constant attention to detail, and a commitment to continuous improvement and best practices.

Work Authorization

Applicants must have the right to work in Ireland at the time of application and for the duration of employment.

Please note that Northern Trust is unable to provide employment permit sponsorship for this role. This includes Critical Skills Employment Permits, General Employment Permits, Intra-Company Transfer Employment Permits, Stamp 1G permissions, and other employment permits under Irish immigration frameworks.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.