FOS Client Solutions Consultant
Full time
at 087 NT Gbl Svcs SE, Abu Dhabi Branch
in
Online
Posted on May 8, 2024
Job details
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FOS Client Solutions Consultant
Apply remote type Hybrid locations Abu Dhabi, United Arab Emirates time type Full time posted on Posted 9 Days Ago job requisition id R124216 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.Role/Department
Front Office Solutions is a new strategic business for Northern Trust that provides a holistic digital and service offering for some of the most sophisticated institutional investors across the globe, including foundations, endowments, pension funds, corporations, insurance companies, central banks and sovereign wealth funds. As asset owners engage in more complex, data-driven investment approaches to asset allocation, their operational needs and demands for high quality data have skyrocketed. Front Office Solutions provides a holistic, full-service, multi-asset solution that aims to empower in-house investment teams and support their important mission by providing a more comprehensive set of operational services and analytics including portfolio management, investment decision support, operational risk management, CRM/document management and workflow tools. Key Responsibilities- Acts as a subject matter expert for alternative asset queries
- Assists in review of all other queries
- Responsible for supporting data management with respect to alternative asset transactional impacts and interpretation of complex capital account statements and transaction notices. Responsible for communicating how the data should be captured.
- Acts as point of initial review for all investment data. Includes review of (but not limited to) Alternative Investment Performance Data.
- Responsible for initial or secondary review of NAV, allocation and underlying client performance for alternative investments.
- Serves as initial or secondary reviewer of single, conventional and blended benchmark calculations; reviewer of Public Market Equivalent (PME) benchmark calculations.
- Assists in training new FOS partners in the alternative asset space.
- Acts as point of initial review for all investment data. Includes review of (but not limited to):
- Investment transactions (typically statement-based for alternative assets; file-based for public markets)
- Investment valuations (typically statement-based for alternative assets; file-based for public markets)
- Manager Estimates
- Plan Income / Expense Items
- Plan Contributions / Spending Withdrawals
- Underlying Manager Exposure Data
- Benchmark Data
- Responsible for initial or secondary review of all investment reconciliations. Includes reconciliation of cash, positions, performance, transactions, alternative investment metrics (unfunded commitment, etc.).
- Serves as initial or secondary reviewer of investment and composite performance calculations, including time weighted return and IRR calculations.
- Reviews proxy return settings at the investment level.
- Participates in initial client discovery sessions, assists in project planning, setting client expectations and facilitating continuous client updates throughout the onboarding process.
- Responsible for the review of all historic data entry and reconciliations during client onboarding.
- Participates in ongoing process improvement discussions where feasible including:
- Process improvement through technical skills development
- Third party vendor sourcing
- Ongoing Front Office Solutions program build (fee billing, legal contracts, training, etc.)
- Experience working with complex asset owners including Endowments, Foundations, Family Offices, OCIOs, Pension Funds, Sovereign Wealth Funds, and institutional asset managers.
- Analytical skills.
- Advanced understanding of Microsoft Suite (Excel, Word, PowerPoint, Visio), with particular emphasis on Excel.
- Ability to prioritize, multi-task, and perform effectively under deadlines.
- Ability to handle multiple concurrent projects and to reconcile any conflicting priorities.
- Commitment to project success as it may require working unconventional hours during critical project phases.
- Experience using VBA, Python or other programming language to format large data sets.
- Prior experience with multi-asset class portfolio management software.
- Experience in using Research Management/CRM solutions
- Experience / orientation to operational process improvement.
- Client servicing experience. High level of comfort communicating directly with clients and client advocacy.
- Ability to work closely and collaborate with internal stakeholders.
About Us
Looking for greater? You found it.
A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies. Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), 1800-425-0333 (India), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.Equal Employment Opportunity Statements
APAC/INDIA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development. Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance. EMEA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development. USA EEO STATEMENT It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. #J-18808-LjbffrApply safely
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