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.
About the Asset Owner Segment, Americas : This is a recently formed business segment within the Asset Servicing Division, responsible for roughly half of Northern Trust's total global assets under custody, as well as newly formed innovative businesses such as Northern Trust Front Office Solutions.
This segment focuses on mission-driven asset owners across the Americas, primarily endowments, foundations, corporations, pensions, multi-national entities, and insurance companies.
The creation of this segment, which merges Northern Trust's legacy business lines with its forward-looking products and capabilities, creates exciting and unique leadership opportunities to help us realize more optimal outcomes for our business, while working in close alignment with the other executives throughout the organization.
This is an opportunity to transform how we serve our clients, partners, and stakeholders by leveraging the invaluable assets which exist within our people and our products, and applying forward looking, human-centered design thinking and innovation to help us collectively achieve greater.
Our vision : To be THE market-leading partner of choice in the asset owner segment through innovative products, unparalleled service, impeccable operational outcomes, and unyielding integrity and alignment to our clients.
We cannot do this without putting culture at the core. Our people, our behaviors, the decisions we make all influence the ability to achieve success.
Diversity, Equity and Inclusion is paramount to establishing of an environment which fosters positive results and positive experiences.
Total Portfolio Solutions - Global Head of Portfolio Solutions
Summary :
Total Portfolio Solutions is an exciting new evolution for Northern Trust and its asset owner clients, bringing together nearly 1000 partners around the world to focus on the data and insights our clients demand the most - portfolio accounting, alternative investments and investment risk and analytics.
The group demonstrates its expertise across several core products & services at Northern Trust, inclusive of a new and developing suite of Integrated Middle Office offerings to complex asset owners across the globe.
The formation of this group offers our partners exciting growth, learning and development opportunities across a wide variety of domains and functions.
The core values of Northern Trust (Service, Integrity and Expertise) are central to everything we do for our clients. We have differentiated ourselves in the marketplace by investing in and offering distinct asset owner products & services, all delivered with the high-touch client service model our clients expect.
The hallmarks of Northern Trust service include doing so always with integrity, and while bringing our expertise to bear, so that we may provide our clients with best practices, thought leadership and market insights.
This data integrity & data quality is critical to everything our clients are doing to manage the investment portfolios of their institutions.
Successful candidates for this role will have a tireless focus on data quality & continuous improvement, as well as deep empathy and relentless dedication to the pursuit of empowering the incredible missions of our clients.
Responsible for managing the global Total Portfolio Solutions operations functions focused on data capture, cash processing, accounting, and reconciliations, the Global Head of Portfolio Operations provides leadership and guidance to their managers and a large, global team of partners.
Overall accountability for the performance management and career development programs for their team, as well as close coordination with the Executive Leadership team within TPS and across Asset Servicing.
Works closely with the Global Head of TPS and the Executive Leadership team to support clients, as well as new business opportunities.
Description : Major Duties :
Responsible for the development and enforcement of controls within the operations of the unit, ensuring that the control and risk environment in the area is at the highest possible level.
Close coordination with the Business Operations team is expected on this piece.
- Work with Northern Trust technology partners to improve and automate the operations of the unit(s) to the extent possible, always aiming for continuous improvement & productivity while preserving impeccable data quality.
- Directly oversee process improvement projects and ensure targets are met.
- Oversee, plan and direct the activities for the team, ensuring that business objectives are being met across all OKRs & KPIs.
- Assume responsibility for staffing resources within plan, liaising cross-function to improve quality, efficiency, effectiveness and productivity
- Seasoned leader with extensive business experience, and broad functional expertise, with focus on proactive strategic leadership
- Responsible for managing multiple units or functions through the direct management of a group of managers
- Global experience managing operations teams of more than 100+ employees, in the areas of portfolio accounting, performance reporting, and / or alternative investment operations.
Knowledge :
- Excellent oral and written communication skills are required
- In-depth Functional / Industry Knowledge is required
- Highly flexible and adaptable to change
- Technical skills / systems knowledge is required
- Leadership and organizational skills are required to direct the activities for the multiple units.
Experience :
- A College or University degree and / or relevant proven work experience is required / preferred.
- Related Industry qualification (e.g. CAIA) is preferred
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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 MyHRH redacted .
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.
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