Director, Alternatives Digital Operations (Finance)

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Role Summary

Northern Trust Asset Management (NTAM) is a trillion dollar investment management firm entrusted by investors around the globe to help them navigate changing market environments, so they can confidently realize their long-term objectives.

The Director of the Alternatives Digital Operations function, reporting into the Global Head of Investment Operations, is primarily responsible for championing the strategy and overseeing major aspects of the daily operations of the fast growing alternatives business and related activities for NTAM. This role in partnership with practices that include Product, Marketing, COO, Investments, Data Office and Technology will develop and execute the strategic roadmap to build a world-class Alternatives operations organization to manage operational processes, digital efforts and vendor oversight. This will involve building first class relationships with internal and external vendors, fund accountants, administrators and auditors, as well as digital and people leadership required to achieve scale.

Essential Duties and Responsibilities

Lead a team focused on Alternatives Digital Operations and drive excellence across this practice. Responsibilities include:

• Lead operational processes and digital oversight of the alternative business operations.
• Own the strategic digital roadmap for applications and modern data infrastructure, in close collaboration with business leadership, technology and the data office.
• Drive digital and automation-driven transformation opportunities to achieve scalability.
• Oversee the administrators and other vendors to ensure optimal delivery and seamless integration of information, vended applications and data.
• Collaborate with multi-disciplinary teams to assess current state and architect future-state operating models, processes, capabilities required to successfully support evolving business needs to drive excellence. Communicate roadmap in terms meaningful to business, technology and strategic service providers.
• Develop service levels with the business and vendors, establish a robust governance and control framework to ensure delivery of timely and accurate information, and monitor on-going effectiveness
• Lead initiatives to strengthen the first line of defense (1LOD) by instilling a culture of continuous improvement and robust policy and procedure documentation and process to reduce operational risk and drive operational excellence.
• Lead, participate and oversee existing and emerging proprietary or vended applications, providing thought leadership on effective use of spend.
• Develop and monitor KPIs to measure effectiveness and ensure value delivery.
• Hire, motivate and manage talent to retain, grow, build bench strength and resiliency

Necessary Knowledge and Skills

• Detailed understanding of alternative investments, especially Private Equity and Hedge Funds, and investment/financial technology systems within a large scale Asset Management setting
• Experience managing and developing teams of on-shore and offshore resources with excellent motivation and team building skills, including the ability to recruit, develop and retain staff
• Knowledge of digital strategy, modern data infrastructure.
• Prior experience in integrating and influencing others across a network, and unlocking new opportunities to drive excellence in Operations.
• Dynamic relationship building and partnership skills; a strong collaborator with experience leading initiatives across multiple groups and stakeholders
• Strong negotiation and vendor management experience
• Outstanding communication skills, both written and verbal, with demonstrated ability to develop materials and effectively present to and persuade executive audiences
• Experience in driving digital and automation-driven transformation to drive efficiencies and scalability
• Global outlook with sensitivity and awareness of social and cultural differences
• Strong situational awareness and decision making capabilities

Necessary Experience and Education

• Bachelor degree; Master in Business Administration, and/or CFA strongly preferred.
• Ten to twenty years of work experience in the investment management and alternatives industry, with a demonstrated track record of driving change.
• Track record of developing and driving transformation vision and agenda

Salary Range:
$137,400 - 240,400 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.