Asset Transitions Division Manager

1 month ago

Chicago, Illinois, United States Northern Trust Full time

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.

Asset Transitions Division Manager

Summary

The successful candidate is responsible for managing Wealth and Institutional Asset Transition functions, providing leadership and guidance to the Custody Transition & Account Services (CTAS) function. CTAS is a central support group for the front office client servicing teams whose Institutional and Wealth Management clients are on and off boarding to Northern Trust, and/or restructuring their investment portfolios. The process is highly controlled to ensure accuracy to support a clients' financial records and timely to minimize any investment disruption.

This individual will provide regional leadership and strategic direction with global influence for all operational activities relating to asset transition activity, for clients of varying complexity and frequency, utilizing industry knowledge and best practice whilst influencing the design and development of underlying Northern Trust architecture supporting this.

Major Duties:

  • Seasoned leader with relevant business experience, and broad asset transition functional expertise, with a focus on proactive efficiency and strategic development of global model.
  • Works closely with front office service teams on all pre-onboarding activities; aligns closely with stakeholders and other operational delivery teams.
  • Oversees operational teams focused on the transition of all assets and cash between prior/new custodians, and between Northern Trust accounts.
  • Ensures events are completed within service level agreements, are executed accurately and timely, sets both short and long-term priorities.
  • Data-driven decisioning with a focus on strategic efficiency development within centre of excellence projects.
  • Participates in the client onboarding and lifecycle management work streams to improve client experience and to optimize end-to-end processing.
  • Manages and meets regional finance plans ensuring cost effectiveness of resources and operational delivery.

Qualifications:

  • A College or University degree or equivalent years of management experience in client servicing and operations is required.
  • Excellent interpersonal, oral and written communication skills and strong negotiation skills are required.
  • Critical thinking, decision making, problem solving skills as well as technical aptitude are needed to navigate systems and research/resolve problems.
  • Leadership and organizational skills are required to determine the Business Unit's goals, resources needed, and to assess and develop the skills of staff.

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

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.

For further information, and to apply, please visit our website via the "Apply" button below.

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