Director, Alternatives Operations
Director, Alternatives Operations
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
$ 137400 - 240400
1 Vacancy
Job Description
About Northern Trust:
Northern Trust a Fortune 500 company is a globally recognized awardwinning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the worlds 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 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.
Role Summary
The Director of the Alternatives Operations function reporting into the Global Head of Investment Operations is primarily responsible for championing the strategy and overseeing major aspects of the daily operations of the fast growing alternatives business and related activities for NTAM. This role in partnership with practices that include Product Marketing COO Investments Data Office and Technology will develop and execute the strategic roadmap to build a worldclass Alternatives operations organization to manage operational processes efforts and vendor oversight. This will involve building first class relationships with internal and external vendors fund accountants administrators and auditors as well as people leadership required to achieve scale.
Essential Duties and Responsibilities
Lead a team focused on Alternatives Operations and drive excellence across this practice. Responsibilities include:
Lead operational processes oversight of the alternative business operations.
Own the strategic roadmap for applications and modern data infrastructure in close collaboration with business leadership technology and the data office.
Drive digital and automationdriven transformation opportunities to achieve scalability.
Oversee the administrators and other vendors to ensure optimal delivery and seamless integration of information vended applications and data.
Collaborate with multidisciplinary teams to assess current state and architect futurestate operating models processes capabilities required to successfully support evolving business needs to drive excellence. Communicate roadmap in terms meaningful to business technology and strategic service providers.
Develop service levels with the business and vendors establish a robust governance and control framework to ensure delivery of timely and accurate information and monitor ongoing effectiveness
Lead initiatives to strengthen the first line of defense (1LOD) by instilling a culture of continuous improvement and robust policy and procedure documentation and process to reduce operational risk and drive operational excellence.
Lead participate and oversee existing and emerging proprietary or vended applications providing thought leadership on effective use of spend.
Develop and monitor KPIs to measure effectiveness and ensure value delivery.
Hire motivate and manage talent to retain grow build bench strength and resiliency
Necessary Knowledge and Skills
Detailed understanding of alternative investments especially Private Equity and Hedge Funds and investment/financial technology systems within a large scale Asset Management setting
Experience managing and developing teams of onshore and offshore resources with excellent motivation and team building skills including the ability to recruit develop and retain staff
Knowledge of digital strategy modern data infrastructure.
Prior experience in integrating and influencing others across a network and unlocking new opportunities to drive excellence in Operations.
Dynamic relationship building and partnership skills; a strong collaborator with experience leading initiatives across multiple groups and stakeholders
Strong negotiation and vendor management experience
Outstanding communication skills both written and verbal with demonstrated ability to develop materials and effectively present to and persuade executive audiences
Experience in driving digital and automationdriven transformation to drive efficiencies and scalability
Global outlook with sensitivity and awareness of social and cultural differences
Strong situational awareness and decision making capabilities
Necessary Experience and Education
Bachelor degree; Master in Business Administration and/or CFA strongly preferred.
Ten to twenty years of work experience in the investment management and alternatives industry with a demonstrated track record of driving change.
Track record of developing and driving transformation vision and agenda
Salary Range:
$USDSalary 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 wellbeing 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.
Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply 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 .
We hope youre 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.
Required Experience:
Director
Employment Type
Full-Time
