Northern Trust
Senior Alternatives Operations Analyst – Wealth Management
Northern Trust, Chicago, Illinois, United States, 60290
Overview
Join to apply for the
Senior Alternatives Operations Analyst – Wealth Management
role at
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.
Responsibilities
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 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
Qualifications
5+ years relevant work experience in alternative investments or investment operations is preferred
Knowledge of alternative investment products and how this asset class fits into a client portfolio
Experience/understanding of wealth management operations across front/middle/back office
Team player capable of 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 Office suite
Salary Range $114,500 - 194,700 USD
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 value an inclusive workplace and understand flexibility means different things to different people.
#J-18808-Ljbffr
Senior Alternatives Operations Analyst – Wealth Management
role at
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.
Responsibilities
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 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
Qualifications
5+ years relevant work experience in alternative investments or investment operations is preferred
Knowledge of alternative investment products and how this asset class fits into a client portfolio
Experience/understanding of wealth management operations across front/middle/back office
Team player capable of 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 Office suite
Salary Range $114,500 - 194,700 USD
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 value an inclusive workplace and understand flexibility means different things to different people.
#J-18808-Ljbffr