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Northern Trust

Data Management Solutions, Regulatory Reporting, Senior Consultant (IPS)

Salary$83k – $141k
LocationChicago, IL
Work modehybrid
Typefull-time
EquityIncluded
Company size10,000+ people
First seen1w ago
Last seen4d ago
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.
ABOUT INTERGRATED PORTIFLIO SERVICES — DATA MANAGEMENT SOLUTIONS
NT Integrated Portfolio Services is Northern Trust’s integrated global operating model for delivering middle- and back-office solutions to clients pursuing complex, multi-asset investment strategies. The Data Management Solutions (DMS) team within Omnium is responsible for delivering accurate, timely, and compliant data and reporting solutions that support regulatory obligations, client commitments, and internal risk and control requirements.
The Regulatory Reporting practice partners directly with trading, pricing, investor and accounting teams to meet obligations across global regulatory frameworks including Form PF, AIFMD, CPO-PQR, and SEC Form ADV.
ROLE OVERVIEW
The Senior Consultant operates as a senior technical and strategic resource within the Regulatory Reporting team. This role assumes ownership of complex, multi‑jurisdictional regulatory filing programs while driving the design and enhancement of scalable control frameworks, data processes, and client advisory practices.
The Senior Consultant serves as a key liaison between the Regulatory Reporting team and Northern Trust’s technology, compliance, fund accounting, and senior client stakeholders. The role carries significant cross‑functional responsibility and provides high visibility with senior leadership and institutional clients.
MAJOR DUTIES
•
Serve as the accountable subject‑matter authority for a defined portfolio of regulatory filing programs spanning Form PF, AIFMD Annex IV, CPO‑PQR, SEC Form ADV, and TIC reporting, ensuring end‑to‑end quality, timeliness, and compliance
•
Proactively monitor regulatory guidance issued by the SEC, CFTC, FCA, ESMA, and other authorities; perform impact assessments and translate regulatory change into actionable operational updates ahead of effective dates
•
Act as the internal escalation authority for complex data exceptions, regulatory interpretation questions, and edge‑case filing scenarios, partnering closely with clients and external teams as needed
•
Lead post‑submission quality reviews and root‑cause analyses, producing structured findings and remediation plans that measurably reduce risk recurrence
•
Operate as a primary senior point of contact for a portfolio of institutional hedge fund clients, providing proactive, solutions‑oriented guidance on regulatory obligations, data requirements, and emerging regulatory developments
•
Develop and deliver client‑facing materials including regulatory briefings, filing summaries, exception analyses, and forward‑looking impact assessments
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Partner with Relationship Management and senior leadership on client onboarding, expanded mandate scoping, regulatory feasibility analysis, and responses to investor and regulatory inquiries
•
Collaborate across trading, fund accounting, operations, prime brokerage, and compliance teams to ensure complete and accurate reporting across complex client structures
•
Provide structured mentorship and day‑to‑day technical guidance to Analysts and Consultants, fostering deep subject‑matter expertise and professional growth
•
Support Managers in workload planning, quality review, capacity management, and onboarding of new mandates and team members
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Contribute to the design and delivery of internal training programs, regulatory knowledge resources, and onboarding materials
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Represent the Reporting function in cross‑divisional initiatives and firm‑wide regulatory programs, translating complex requirements for both technical and non‑technical audiences
SKILLS & EXPERIENCE
Required
•
Bachelor’s degree in Finance, Economics, Accounting, Mathematics, Statistics, or a related quantitative discipline; advanced degree (MBA, MS) preferred
•
4–7 years of progressive experience in regulatory reporting, fund administration, investment operations, or a closely related financial services function
•
Deep expertise in at least two regulatory frameworks relevant to alternative investments (e.g., Form PF, AIFMD, CPO‑PQR, SEC Form ADV, TIC), with working knowledge of a broader regulatory landscape
•
Advanced proficiency in Microsoft Excel and at least one analytical or scripting environment (Python, SQL, or equivalent)
•
Proven ability to independently manage complex, deadline‑sensitive workstreams with high precision and accountability
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Exceptional analytical and problem‑solving skills, with the ability to synthesize ambiguous data into structured findings and executive‑level communication
•
Strong client‑facing communication skills across written, verbal, and presentation formats
Preferred
•
Audit, assurance, or advisory experience (e.g., Big Four or similar), particularly within financial services or asset management, is strongly preferred given the role’s emphasis on data integrity, controls, documentation, and regulatory compliance.
•
Multi‑jurisdictional regulatory experience spanning U.S. and EMEA regimes and complex fund structures (e.g., master‑feeder, fund‑of‑funds, SMAs, multi‑strategy platforms)
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Proficiency in BI and analytics tools such as Power BI, Tableau, or Alteryx, including experience building operational or executive dashboards
•
Demonstrated experience interpreting regulatory change and independently developing implementation plans and operational responses
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CFA, CAIA, or progress toward a relevant professional designation; or pursuit of an advanced quantitative or regulatory degree
•
Prior experience in a senior analytical or advisory role at a global fund administrator, bulge‑bracket bank, Big Four advisory firm, or institutional asset manager
•
Experience with regulatory change management, including gap analysis, system testing, parallel runs, and stakeholder communication
Benefits
Salary Range:
$83,100 - 141,300 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.
Work Authorization
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
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 [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.
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