Depositary, Officer

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 a Depositary Senior Analyst / Officer, you will serve as the primary contact for a portfolio of Northern Trust depositary clients, focusing on real estate, infrastructure, and private equity funds. You will monitor fund activities, ensure regulatory compliance, and provide technical and operational support across the organization. The role involves collaboration with other EMEA jurisdictions and offers opportunities to act as a subject matter expert. Act as the main point of contact for assigned depositary clients, specializing in Luxembourg Alternative Investment Funds (AIFs). Monitor fund activities and proactively provide technical and operational guidance. Ensure all actions comply with relevant policies, procedures, and regulatory requirements. Support and advise Northern Trust partners across the organization. Collaborate with teams in other EMEA jurisdictions as needed, both operationally and as a subject matter expert. Key Responsibilities of the role Include Deliver depositary operation services to large and moderately complex funds, performing the cash flow monitoring, asset safekeeping and general oversight duties. Oversee investment restrictions and maintain breach registers. Demonstrate strong technical knowledge of fund regulations. Prepare and support fund board papers, seeking guidance on technical issues when necessary. Attend board meetings alongside Team Leaders and Managers. Participate in onboarding meetings for new clients. Interact with committees and senior management as required. Serve as a subject matter expert. Facilitate discussions and contribute to decision-making processes. The Successful Candidate Will Benefit From Having Excellent oral and written communication skills. Functional and industry knowledge of depositary operations. Strong analytical and problem-solving skills. Technical skills and systems knowledge. College or university degree, or relevant work experience. Industry qualification (e.g., ACCA, Diploma in Mutual Funds) or currently studying towards one. 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 team. 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 r...

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