Associate Relationship Manager, Depositary Services, EMEA

ntrs; Limerick; On-site; EUR 60,000 - 80,000; Full time

Job summary

Northern Trust is seeking a qualified professional to join our depositary/trustee team in Ireland. You will work on governance, regulatory compliance and reporting for fund documentation and client engagements, ensuring adherence to Central Bank of Ireland requirements.

The role involves client management, monitoring investment restrictions, preparing MI reports, and collaborating on regulatory projects. A strong regulatory and fund knowledge background is essential for success.

Qualifications

• Excellent communication and ability to work in a multi-team structure, also able to work on own initiative.
• Strong problem solving, technical and analytical skills with functional fund knowledge.
• Good understanding of laws and regulations related to depositary/trustee and Irish funds.
• Related industry qualification preferred with third level qualification and/or advanced studies.
• Previous experience in financial services, especially in depositary/trustee/compliance/audit roles.

Responsibilities

• Assist with management, development and maintenance of strong client relationships.
• Serve allocated clients with timely escalation of issues and internal queries.
• Assist in client reporting (monthly and quarterly) to fund boards and due diligence visits.
• Present reporting to Boards and clients where possible.
• Review fund documentation from a depositary perspective.
• Perform investment restriction reviews and fund risk reporting to fund boards and the Central Bank of Ireland.
• Assist with monitoring of global custodians / prime brokers.
• Identify risks and escalate to management.
• Work on team projects including new regulations and process improvements.
• Assist with MI submission to Depositary committees.

Skills

Communication

Problem solving

Analytical skills

Fund knowledge

Irish funds knowledge

Financial services experience

Depositary/trustee knowledge

Regulatory understanding

Education

Third level qualification

Industry qualification

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Role/ Department:

You would be applying to join a dynamic department and team performing depositary/trustee duties in accordance with corporate governance and infrastructure, Central Bank of Ireland and local market regulations and the requirements of fund documentation.

This entails areas including and, not limited to, client management, monitoring fund compliance with investment restrictions, engaging with regulators and audit firms, producing accurate MI reporting, assisting in depositary projects and initiatives, supporting new business activity within the depositary business and managing the production of centralised internal/external reporting.

We provide an environment which encourages collaboration while also providing a platform for autonomy and career growth.

The key responsibilities of the role include:

• Assist with the management, development and maintenance of strong client relationships.
• Work independently and be responsible for servicing allocated clients including timely escalation of issues on a day to day basis and internal queries.
• Assist in the completion of client reporting (monthly and quarterly) to fund boards, due diligence visits, client visits. and ensure reports are sent within agreed deadlines.
• Present the above reporting to Boards and clients were possible.
• Review fund documentation (e.g. Prospectus, Supplements etc.) from a depositary perspective.
• Perform investment restriction reviews, complete and monitor fund risk assessment reporting including the reporting of investment breaches and/or material price errors to fund boards and the Central Bank of Ireland, as required.
• Assist with the on-going monitoring of appointed global custodians / prime brokers.
• Ability to identify risks and issues and escalation appropriately to the management team.
• Work on team projects (e.g. new regulations and process improvements).
• Assist with the completion and submission of MI to Depositary committees.

Skills/ Qualifications:

The successful candidate will benefit from having:

• Excellent communication and an ability to work within a multi-team structure as well as an ability to work on own initiative.
• Strong problem solving, technical and analytical skills with functional fund knowledge, ideally including exposure to complex asset and fund structures.
• Good understanding of the laws and regulations applicable to depositary/trustee and local requirements - in particular, requirements for Irish funds.
• Related industry qualification preferred with third level qualification and/or advanced in professional studies.
• Previous experience in financial services is essential with experience in a depositary/ trustee / compliance / audit role.

Work Authorization

Applicants must have the right to work in Ireland at the time of application and for the duration of employment.

Please note that Northern Trust is unable to provide employment permit sponsorship for this role. This includes Critical Skills Employment Permits, General Employment Permits, Intra-Company Transfer Employment Permits, Stamp 1G permissions, and other employment permits under Irish immigration frameworks.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail] , or alternatively you can discuss your individual requirements with the recruiter you are working with.