FSI - Diploma in Management
Ouestion 1. Take the job role and design both a personal specification and job description. Northern Trust is one of the world’s leading financial institutions. Since opening our doors in 1889, Northern Trust has stood as a symbol of strength and stability in an ever-changing environment. From modest beginnings in Chicago’s bustling loop, Northern Trust has grown to become a global institution facilitating business and managing family wealth in every part of the world. Northern Trust stands for quality, and has been awarded KPMG Excellence Award for Fund Administration and the Custodian of the Year 2011(Global Pension Awards). Frederick H. Waddell, Chairman and Chief Executive Officer, commented, "Revenue growth in the third quarter reflects a solid increase in trust, investment and other servicing fees. Assets under custody and under management increased 10% and 13%, respectively, versus last year, reflecting our success in winning new clients and serving existing clients, as well as higher equity markets. Expenses increased as a result of the growth in our business, including recent office openings in Frankfurt, Germany and Riyadh, Saudi Arabia, and continued investment to support technology initiatives and a growing set of regulatory and compliance requirements for our clients
With over 700 employees based in Dublin and Limerick administering the most varied range of products in the Irish Market this company form a vital part of Northern Trust’s global presence. As an organisation that values the experience and knowledge of a diverse workforce, Northern Trust has developed and implemented Human Resource and bottom line strategies that support workforce diversity. Northern Trust believes that there are several key aspects of maintaining satisfied committed staff, including giving performance feedback, seeking employee opinions, training employees for new opportunities and offering competitive benefits and compensation. Northern Trust Ireland has been accredited with the prestigious ‘Excellence Through People’ Gold award for excellence in training and people development. Now company is looking for a Fund accounting Supervisor. The role is responsible for accurately reviewing and sign off on NAV calculations. To be the subject matter expert on the team for all fund specific requirements. To be able to take the lead in rolling out new system enhancements/procedures and collate and provide feedback from Fund Accounting to the different interest groups Training/BPA’s. Job description are:
Review and oversight of daily and monthly NAV calculations
Develop and maintain understanding of the industry, infrastructure and process of data flow. Ensuring all reconciliation positions are reconciled and monitored Workflow management for a team of fund accountants
Development of process improvement initiatives
Resolution of any client or process issues
Work closely with internal teams to ensure seamless new client take on and service delivery Provide assistance to employees in execution of daily operational activities Manage audit process
Focus on the resolution of complex transactions, where expertise is required to interpret policies, guidelines, and/or process.
Detailed knowledge of Enterprise and related Fund Accounting Applications 1+ years fund accounting experience with supervisory/management exposure in fund services (ideally alternative investment funds) Track record of leading and developing teams from graduate level upwards Strong product knowledge
Excellent communication and relationship building skills
First class presentation and internal and external client servicing skills Experience of representing businesses to current client via presentation. Experience of designing and implementing development plans, training plans, and succession plans for all level of staff Results oriented,...
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