Depositary Officer (Open)

Depositary Officer (Open)

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.

As a Depositary Officer, you will be the primary point of contact for a portfolio of NT depositary clients, focused on real estate, infrastructure, private debt and/or private equity funds.  You will be responsible for monitoring funds activities, proactively providing technical and operational knowledge on Luxembourg AIFs, following the necessary policies and procedures to meet all regulatory requirements.

As a core member of the Northern Trust Global Services SE (NTGS SE) Luxembourg Depositary Team you will leverage your experience and knowledge to provide support and guidance to other NT partners across the organisation.  Involvement with other EMEA jurisdictions is also required both from an Operations perspective as well as a Subject Matter Expert depending on your experience and capabilities.

The key responsibilities of the role include:

• Provides Depositary Operation services to larger promoters/ funds and complex funds
• Has a good technical knowledge of fund regulations
• Works on own initiative to perform all aspects of the Depositary role
• Attends board meetings with or without the support of more senior team members
• Assists with the testing related to the on-site inspections of the administrators
• Participates in onboarding meetings for new sub-fund launches and/or clients
• May have direct interaction with committees and/or Senior Management
• Able to serve as a key subject matter expert and mentor to other more junior level employees
• May manage daily operational activities and supervise day-to-day work of junior level employees (but not a formal management role)
• More technically sound in area of expertise and has broader knowledge of other areas
• Able to facilitate discussions and reach decisions

Skills/Qualifications:

• Excellent oral and written communication skills are required
• Functional & Industry Knowledge is required
• Analytical & problem solving skills are preferred
• Technical skills & systems knowledge is preferred
• Related Industry qualification (e.g. ACCA, Diploma in Mutual Funds) / or studying towards, is preferred

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, or alternatively you can discuss your individual requirements with the recruiter you are working with.

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.