Associate, Operational Due Diligence Analyst

Northern Trust • Stamford, CT

85d

About The Position

We are seeking an Associate Analyst for the Northern Trust Asset Management (NTAM) Operational Due Diligence Team (based in Stamford, CT), with all responsibilities pertaining to operational due diligence (ODD) on third-party investment managers for the NTAM Multi-Managers Solutions (MMS) platform. MMS involves an investment approach that utilizes third-party investment managers in the management of client assets. In this context, ODD involves the identification and evaluation of the non-investment risks presented by these investment managers and encompasses a broad range of investment strategies, principally in the public markets. The Associate Analyst will be responsible for essential aspects of the ODD process and will assist the senior analysts with the ODD reviews of these managers.

Requirements

• Bachelor's degree (or international equivalent) is required.
• 1 to 3 years' experience in operations, compliance, trading, and/or risk of a registered investment adviser strongly preferred.
• Proficiency with Microsoft 365 and an adaptable mindset for technological advancements.
• Strong attention to detail, analytical skills, and ability to manage multiple projects.
• Team oriented with excellent written and verbal communication skills.

Nice To Haves

• Experience with Microsoft Copilot, DiligenceVault, and/or FactSet a plus.
• Familiarity with the Investment Advisers Act of 1940 and the securities regulatory regimes in Canada, UK, and/or the EU a plus.

Responsibilities

• Assist with all organizational and operational processes pertaining to ODD, including management of the ODD program's essential data using multiple software applications.
• Assist senior analysts with ODD reviews of third-party investment managers, including the careful review of source documents (e.g., diligence questionnaires, policies, procedures, regulatory filings), attending meetings with senior leadership of these managers (virtual and in person), and preparation of written findings from these ODD reviews.
• Assist with the ongoing monitoring of investment managers on the MMS platform through different touchpoints.
• Contribute to the enhancement of ODD processes and productivity.
• Collaborate with investment, legal, risk, operations, and compliance professionals within NTAM on various processes and initiatives.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees