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.
Role
The Business Oversight & Reporting team is a rapidly expanding business within Accounting & Fund Services (AFS) area of Northern Trust with offices in Ireland, London, Guernsey, Luxembourg, Chicago, Australia, Bangalore and Pune.
The Business Oversight & Reporting Senior Consultant is a proactive role that is responsible for oversight of the business units within AFS. The Senior Consultant provides proactive leadership and guidance to partners to strengthen controls, assess and mitigate operational risk.
This IC role which reports to the AFS Business Oversight & Reporting Lead will provide an opportunity for the successful candidate to develop knowledge and experience of a dynamic and varied environment of AFS.
Responsibilities
Drives engagement with stakeholders and perform risk analysis to identify priorities and key risk areas to perform proactive reviews independently to maintain quality levels & identify areas for enhancement. Provide recommendations & track implementation by the Business Units.
Ensure that current policies and procedures are in place (and are being followed) for business unit functions and are in compliance with organizational standards and regulatory requirements.
Assess Operational readiness of the business unit’s ability to take on new clients, processes, or perform system migrations.
Lead innovation and develop process improvements to mitigate operational risk
Lead AFS wide initiatives to drive reduction of risk, process improvements and adherence to controls.
Perform proactive reviews on the processes undergoing Strategic Change
Perform Root Cause Analysis of incidents within the department and identifying trends and solutions.
Perform Trend analysis using metrics available leading to proactive mitigation of risk.
Collaborate with Business Functions to assess the Business Continuity Plans (BCP), & identify gaps and deviation from BCP.
Track all review actions / reporting to Senior Management and plan effectively to meet the deadlines set
Articulate various Oversight Reports to ensure timely & effective communication to management.
Keep abreast of industry and regulatory developments that may impact the risk and quality of our service.
Demonstrate excellent communication skills and engage stakeholders continuously. Through consultation improvise the process thereby reducing risk.
Accountabilities
Employees are required to comply with the regulatory regime in which Northern Trust operates as appropriate to the above role
Employees are expected to exercise due care and diligence, ensuring the areas the incumbent is responsible for are organized and controlled
Employees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties
Skills
Strong understanding of Risk Management and Control design & effectiveness
Understating of the Fund Accounting business including its strategic goals, associated products and supporting operational functions.
Knowledge of risk management techniques and proven ability to identify and asses risk in business processes, migration activity and new products.. Knowledge of Six Sigma & Agile or other Process Improvement methodologies in an added advantage. Proficiency in MS Office (particularly Excel, PowerPoint, Power BI & Word).
Knowledge of regulatory requirements and industry best practices like CASS, IMR, AIFMD, FATCA, UCITS V will be an added advantage
Must be able to think creatively and possess strong trend & data analytical skills, reasoning skills, problem solving & project management skills.
Strong communication, presentation & negotiation skills are necessary to consult with partners/clients throughout the organization
Self-starter with the ability to function independently in a fast-paced, dynamic and demanding environment.
Qualifications:
Overall experience of 10+ years
Bachelor’s degree with emphasis in Accounting, Master degree/IAQ/IOC or equivalent a plus
Experience in Audit/Operational Control/ Risk or equivalent
Accounting / financial services/ capital markets work experience or equivalent
Should be flexible for shifts and extended working hours.
Eligibility - Internal Partners
24 months as a Consultant to move as a Senior Consultant
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.
About Our Pune Office
The Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe.
Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.
Skills Required
- 10+ years of overall professional experience
- Bachelor's degree, preferably with an accounting emphasis
- Experience in audit, operational control, risk management, or an equivalent field
- Accounting, financial services, capital markets, or equivalent work experience
- Strong understanding of risk management and control design and effectiveness
- Understanding of fund accounting business operations
- Risk identification and assessment experience across business processes, migrations, and new products
- Strong trend analysis, data analysis, reasoning, problem-solving, and project management skills
- Strong communication, presentation, and negotiation skills
- Proficiency in Microsoft Office, particularly Excel, PowerPoint, Power BI, and Word
- Flexibility to work shifts and extended hours
- Master's degree, IAQ, IOC, or equivalent qualification
- Knowledge of Six Sigma, Agile, or other process improvement methodologies
- Knowledge of CASS, IMR, AIFMD, FATCA, and UCITS V regulatory requirements
Northern Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northern Trust and has not been reviewed or approved by Northern Trust.
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Retirement Support — A 401(k) with company match alongside an employer‑funded defined‑benefit pension is highlighted in employer‑verified materials and filings, setting the retirement package apart from many private employers.
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Leave & Time Off Breadth — PTO is portrayed as solid overall, and two paid volunteer days per year are clearly documented across corporate materials.
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Parental & Family Support — Company sources and postings reference paid parental and caregiver leave and recent enhancements to parental benefits, indicating meaningful family support within the package.
Northern Trust Insights
What We Do
As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence. Since our roots as a trust bank, we’ve grown to a global presence with more than 24,000 employees in more than 20 countries and across six core business units: Wealth Management Asset Management Asset Servicing Technology Corporate Functions Enterprise Operations Join a Team That’s Achieving Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done. Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you. Delivering value and adhering to our enduring principles What are enduring principles? Since our founding, they have guided our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity . What does this mean? Service Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results. Expertise Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions. Integrity Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.
Why Work With Us
At Northern Trust, we go further because we go together. We embrace flexibility, encourage balance, and prioritize inclusion at all levels, working together to keep you connected. We are committed to our employees—all 24,000 of them. Whether this is a first step or a bold new leap in your career, we’re here to help you move forward.
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