Senior Consultant, Performance Fees

Senior Consultant, Performance Fees

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.

Overview

This role provides specialist expertise on performance fee methodologies across Northern Trust’s Luxembourg Fund Accounting business. It plays a key role in supporting new business, fund launches, model implementation, automation initiatives and governance, while acting as a trusted advisor to internal stakeholders and clients on complex performance fee matters.

Given the complexity of alternative, semi-liquid and hybrid fund structures, the role requires deep expertise in performance fee calculations, regulatory requirements, fund documentation and operational processes.

Key Responsibilities

• Act as the subject matter expert for complex performance fee methodologies and structures.

• Support fund launches, client onboarding and transitions, ensuring operational readiness.

• Review fund documentation and client requirements to ensure accurate fee model implementation.

• Approve performance fee models, calculations and methodology changes.

• Provide guidance to Fund Accounting, Relationship Management, New Business, clients and senior stakeholders.

• Identify and manage operational risk, controls and governance requirements.

• Support automation, process improvement and strategic change initiatives.

• Partner with Audit, Risk and Compliance on reviews, regulatory matters and remediation activities.

• Maintain procedures, training materials and best practice guidance.

• Contribute to the ongoing development of Northern Trust's global performance fee operating model.

• Skills & Experience

• Significant experience in Fund Accounting, Performance Fees, Private Markets or Investment Operations.

• Strong technical knowledge of performance fee methodologies and governance.

• Experience supporting complex fund structures and reviewing legal documentation.

• Understanding of relevant regulatory requirements and operational controls.

• Strong stakeholder management and client-facing experience.

• Experience leading or supporting change, transformation or automation initiatives