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 Trusts Rule 38a-1 Program for Registered Mutual Fund Clients. The 40 Act Consultant will serve as a resource for clients on mutual fund disclosure and governance issues. In addition, the 40 Act Consultant 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 Responsibilities
Engaging in consultative discussions on a wide range of legal matters that impact mutual funds with client senior management, including fund Chief Executive Officers, Chief Compliance Officers and Chief Financial Officers
Actively engage in and manage the review and production of materials for client board meetings notices, agendas and resolutions
Actively engage in and manage the production and filing of forms and notices with the SEC on behalf of mutual fund clients, including Forms N-1A, N-CSR, N-CEN and 24f-2
Attend client board meetings and record meeting minutes
Manage and oversee the work of other professional on the team, including cultivating an ideas-driven collaborative work environment
Perform research on issues regarding the 1940 Act and other mutual fund regulations, as needed
Assist in client product development initiatives, including drafting of offering documents for new funds and drafting proxy and information statements
Assist with response to SEC regulatory examinations and inquiries, as necessary
Serve as a resource internally for 1940 Act compliance and related SEC rules and developments
Assist with client development activities
Excellent oral and written communication skills
Understanding of the 1940 Act and the rule and regulations thereunder, as well as other federal and state laws generally applicable to mutual funds and mutual fund operations
Ability to independently assess client projects and determine staffing, deliverable timelines and prioritization of response.
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
Excellent organizational and project management skills
Strong Analytical and problem-solving skills
Ability to work independently and as a part of a collaborative group
Ability to motivate and supervise team members, including overseeing the quality and timeliness of client deliverables
Must be Comfortable in a dynamic and results-driven environment
Experience providing disclosure support to sub-advised funds and fund-of-funds
Understanding the blue sky registration process
Advanced proficiency in MS Excel and PowerPoint
A minimum of five (5) years of professional work experience in the financial services industry, with at least three (3) 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 the SEC or other regulatory agency is required.
Candidates must have 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.
About Northern Trust Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the worlds most sophisticated clients using leading technology and exceptional service. 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 that is committed to strengthening the communities we serve! We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018. Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and ethical companies. Build your career with us and apply today.
Internal Number: 6627779
About Northern Trust
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