Depositary Fund Risk & Oversight Senior Consultant

Northern Trust Corp; Greater London; On-site; GBP 85,000 - 135,000; Full time

Job summary

Northern Trust is seeking a Senior Consultant to oversee Depositary Fund Oversight within the UK, focusing on regulatory compliance, risk assessment and ongoing fund governance. The role requires strong knowledge of depositary duties, investment risk and FCA rules, with experience in risk management and stakeholder engagement.

The successful candidate will lead oversight reviews, coordinate with AFMs and internal teams, and contribute to enhancements in risk frameworks, reporting, and governance

Qualifications

• Knowledge of Depositary duties and responsibilities.
• Understanding of investment risk.
• Knowledge of fund products and operating structures, investment strategies and asset classes.
• Solid knowledge of FCA regulations for Funds and Depositary responsibilities.
• Previous risk management or compliance experience.
• Efficient in MS Office tools.
• Effective communication and relationship management skills.
• Excellent organisational skills and attention to detail; able to work individually and in a team.
• Good interpersonal and time management skills.

Responsibilities

• Ongoing monitoring of regulatory (COLL & AIFMD) and Fund requirements for AFMs on a daily/periodic basis.
• Ensure delivery of effective compliance monitoring plans.
• Conduct qualitative asset eligibility assessments (equities, bonds, structured products, derivatives).
• Perform risk-related analyses including liquidity monitoring, derivative exposure and fair value pricing.
• Contribute to Depositary risk management framework developments (ESG topics).
• Lead fund oversight reviews of scheme launches and change events.
• Build and maintain relationships with offshore locations, AFM equivalents and key contacts.
• Perform due diligence visits and produce associated reports.
• Manage team workloads and priorities to ensure timely deliverables.
• Maintain KPIs and present MI for offshore locations.

Skills

Depositary duties

Investment risk

Fund products & structures

FCA regulations

Risk management experience

Communication skills

Organisational skills

Time management

Tools

MS Office

Job description

Northern Trust is seeking a Senior Consultant to oversee Depositary Fund Oversight within the UK, focusing on regulatory compliance, risk assessment and ongoing fund governance. The role requires strong knowledge of depositary duties, investment risk and FCA rules, with experience in risk management and stakeholder engagement.

The successful candidate will lead oversight reviews, coordinate with AFMs and internal teams, and contribute to enhancements in risk frameworks, reporting, and governance