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Sr. Consultant , Fund Governance Solutions at Northern Trust

Posted in Other 30+ days ago.

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Location: Chicago, Illinois

Job Description:
The Fund Governance Solutions group provides regulatory administration and compliance support services to assist clients in meeting the regulatory and compliance obligations associated with managing funds registered under the Investment Company Act of 1940, as amended (the "1940 Act"); collective investment trusts; and partnership vehicles. The group also provides compliance support to the Global Fund Services ("GFS") business and is responsible for the oversight and testing of Northern Trust's Rule 38a-1 Program for Registered Mutual Fund Clients.

The Senior Consultant position will be responsible for the documentation and preparation of complex regulatory filings and reports; the drafting and preparation of board and committee materials; the participation in compliance functions; and the oversight of team activities related to board and committee meeting support, disclosure, and new fund or product launches.

Primary Duties:

  1. Review and production of materials for client board meetings, including regular, special and organizational meetings.
  2. Attend client board meetings and record meeting minutes
  3. Demonstrate working knowledge of regulatory, compliance and other industry or service related matters and ability to converse on regulatory and industry changes
  4. Comfortable engaging in consultative discussions with senior management, including fund Chief Executive Officers, Chief Compliance Officers and Chief Financial Officers
  5. Draft client board memoranda for issues affecting client
  6. Prepare and maintain regulatory calendars
  7. Support the preparation, review and editing of registered investment company regulatory filings
  8. Perform research on issues regarding the 1940 Act and other mutual fund regulations, as needed
  9. Assist in client product development initiatives, including drafting of offering documents for new funds and drafting proxy and information statements
  10. Assist with response to SEC regulatory examinations and inquiries, as necessary.
  11. Supervise and review the work performed by consultants and other professionals in the group.
  12. Serve as resource internally for compliance and related SEC rules and developments.
  13. Participate in new business situations, including the review and analysis of needs and the design of solutions.


  • Excellent oral and written communication skills are required.
  • Ability to work under pressure and prioritize competing tasks that require the highest level of attention to detail.
  • Ability to establish good working relationships with clients, members of Boards of Trustees, Fund Counsels, chief compliance officers, auditors and financial printers.
  • Knowledge of the Investment Company Act of 1940, as amended, is required.
  • Excellent organizational and project management skills are required.
  • Analytical and problem-solving skills are required.
  • Ability to work independently and as a part of a collaborative group is required
  • Ability to meet daily and longer term deadlines is required
  • Must have a working knowledge of security types
  • Must be proficient in the use of Microsoft Office (Outlook, Word, Excel and PowerPoint)
  • Knowledge of mutual fund operations is required.
  • Must be highly flexible and adaptable to change.


  • A college or university degree in Business Administration, Finance, Economics, Accounting, or related field and/or relevant proven work experience is required.
  • A JD is preferred but not required.
  • A minimum of 3-5 years of experience working for a mutual fund organization (adviser or otherwise), a mutual fund administrator or service provider, the investment management practice of a law firm, or with the SEC or other regulatory agency is required.

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world's most-sophisticated clients - from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

As of December 31, 2018, Northern Trust Corporation had:

$10.1 trillion in assets under custody/administration
$7.6 trillion in assets under custody
$1.1 trillion in assets under management
$132 billion in banking assets