Senior Alternatives Operations Analyst – Wealth Management

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:

$114,500 - 194,700 USD

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.

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.