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.

Senior Alternatives Operations Analyst – Wealth Management

The Alternatives Operations Analyst will oversee the execution of various operational processes in support of Third Party and Proprietary Hedge Fund and Private Asset strategies available to Wealth Management clients via Northern Trust’s integration with iCapital Network®.

Responsibilities include coordinating with various vendors and internal NT back-office teams to ensure timely execution of monthly and quarterly operational processes, performing quality control checks to validate accuracy, supporting Wealth Management advisors and investment associates in their use of approved Alternatives solutions, and acting as a key contributor to the development and evolution of Wealth Management’s strategic initiatives.

Key Tasks

Operations Oversight

Oversee execution of, and quality check, all operational processes related to the approved Private Investment solutions

Cash activities (Capital calls and distributions)

Monthly hedge fund subscription and redemption processing

Monthly and quarterly NAV updates

Fee setup and maintenance activities

Product Onboarding and Fundraise Support

Lead operational support efforts leading up to and during product fundraises

Collaborate with internal Legal and Compliance teams to finalize and execute legal agreements ahead of product launches

Liaise with iCapital Network in the creation and testing of Subscription workflows within Northern Trust’s Alternatives investment portal

Assist IR team in building marketing page along with sample marketing materials (sub doc, LPA, PPM, Fact Sheet etc.)

Produce and maintain product demand metrics and communicate fundraise progress to senior leadership

Front Office Support

Understand and be able to articulate the Northern Trust Wealth Management investment philosophy and help portfolio advisors to utilize alternative investments within client portfolios

Serve as a SME for the Alternatives operational processes (including subscription, redemption, and transfer processes)

Develop and maintain Advisor training materials related to Alternatives and lead national/regional/local training sessions to educate Front Office Partners on sales and post-sale best practices

Assist partners in remediating document issues

Assist partners with maintaining investor profiles

Field ad hoc questions (K-1s, access to portal, etc.)

Product Support

Assist key stakeholders with reporting/data analysis and special projects as required

Ad hoc compliance requirements

Monthly/quarterly data analysis (Product flows, Advisor Utilization, Alts Exposure report, etc.)

Ad hoc executive level report requests

Interact with functional areas across the organization to effectively gather feedback and requirements for key Wealth Management initiatives and support strategic initiatives as necessary

Knowledge and Skills

Knowledge of alternative investment products with an understanding of this asset class fits into a client portfolio of other risk assets

Experience/understanding of wealth management operations across front/middle/back office

Team player capable of successfully delivering upon partner and client needs in a timely fashion

Ability to convey solutions across wide domain of expertise / functions

Ability to develop relationships with various parties at all levels throughout the organization, and maintain positive relationships with investment managers with whom Northern Trust has an external relationship

Excellent oral and written communication skills are required

Well organized, detail oriented and disciplined in approach

High proficiency in Microsoft suite

Qualifications

5+ years relevant work experience in alternative investments or investment operations is preferred

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

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 HR Service Center at MyHRHelp@ntrs.com.

 
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.