Description

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/ Department:

As a Senior Analyst within the Luxembourg Depositary team, you will be a key member of the growing Northern Trust Global Services SE (NTGS SE) business. The role is responsible for providing technical, operational, and regulatory oversight support to a diverse range of Luxembourg-domiciled investment fund clients (UCITS and AIFs). You will act as a day-to-day client contact while ensuring compliance with UCITS and AIFMD Depositary obligations, supporting governance activities, and driving operational excellence across the function.

The key responsibilities of the role include:

• Perform ongoing UCITS and AIFMD Depositary oversight activities for Luxembourg fund clients.
• Support the execution of Depositary monitoring programmes and regulatory controls.
• Collaborate with Depositary and EMEA leadership teams to address technical and regulatory requirements.
• Serve as a primary point of contact for clients and internal stakeholders on Depositary-related matters.
• Monitor and assess the performance of delegates and third-party service providers.
• Prepare management information, risk reporting, and governance materials.
• Participate in Depositary governance forums and contribute to regulatory oversight discussions.
• Support client onboarding activities, due diligence exercises, and new business initiatives.
• Identify and implement process improvement opportunities to enhance service delivery and operational efficiency.
• Ensure compliance with contractual obligations and service level agreements.
• Investigate and resolve operational and technical queries relating to Depositary services.
• Maintain and update operational procedures and controls in line with regulatory and risk requirements.
• Stay informed of industry developments and evolving regulatory requirements impacting Depositary services.
• Build strong client relationships and proactively identify opportunities to enhance the client experience.
• Demonstrate leadership, collaboration, accuracy, and accountability within the team environment.

Skills/Qualifications:

The successful candidate will benefit from having :

• Strong understanding of Depositary services and oversight requirements for both traditional and alternative investment funds.
• In-depth knowledge of UCITS and AIFMD regulatory frameworks and associated Depositary obligations.
• Experience working within a Depositary, Custodian, Management Company (ManCo), AIFM, or Luxembourg fund servicing environment.
• Proven client service and stakeholder management experience.
• Strong analytical and problem-solving skills with a focus on risk and control.
• Excellent verbal, written, and presentation communication skills.
• Ability to manage multiple priorities and work effectively in a fast-paced environment.
• Experience supporting business change, transitions, and client onboarding initiatives.
• Strong organisational skills and attention to detail.
• Fluent English required; additional European language skills would be advantageous.
• Ability to mentor, train, and support colleagues across the team.
• Proficiency in Microsoft Office applications and reporting tools.

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 MyHRHelp@ntrs.com , 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. Learn more.