Consultant, Client Onboarding

at  Northern Trust Corp

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 Role:

The new business team is responsible for over 200 fund events each year and overseas close to USD30bn in assets transferring / launching into the business with the New Business team acting as main co-ordinator between internal NT parties and external clients to facilitate the project management of:

• Fund launches for new and existing clients
• Fund transitions from other administrators and custodians
• Re-domicile events resulting in new fund launches
• Restructures, mergers and schemes of amalgamation resulting in new funds
• Fund closures & liquidations

This team actively manages the new business approval process and manage feedback from operations to Sales and Relationship Management teams; assist in RFP due diligence process and Sales presentations to clients; pipeline / capacity management ; participate in opportunity review forum; monitor risk and issues throughout the project and ensure proper escalation to senior management where needed.

New Business team in Ireland today works closely with the following groups coordinating fund launches/transitions:

• Relationship Managers

The new business team is responsible for over 200 fund events each year and overseas close to USD30bn in assets transferring / launching into the business with the New Business team acting as main co-ordinator between internal NT parties and external clients to facilitate the project management of:

• Fund launches for new and existing clients
• Fund transitions from other administrators and custodians
• Re-domicile events resulting in new fund launches
• Restructures, mergers and schemes of amalgamation resulting in new funds
• Fund closures & liquidation

The key responsibilities of the role include:

• Co-ordinate Fund launches and transitions with new business take on teams, Client, Relationship Managers and relevant departments/business units.
• Scope the project and critical path with Client and relevant NT departments.
• Create project plans for meetings
• Project Manager is the key point of contact with the Client for the duration of the project, along with the Relationship Manager.
• Chair project meetings and document actions/updates. Ensure new business take on teams are taking ownership of their tasks.
• Actively manage the new fund approval process, including the circulation of all details to the operational areas and the monitoring of the replies via the tracking file.
• Report and escalate to Senior Management on any risks and critical tasks from plans that are outstanding, e.g. SLD’s, Fees, Legal Agreement.
• Assist in RFP’s and Sales presentations to Client.
• Conduct Lessons Learned on completion of a complex project when required