Senior Valuations Consultant, Valuation Oversight Team

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.

ROLE SUMMARYNorthern 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 Pricing and Valuation function is responsible for valuation oversight, fair value governance, pricing controls, valuation methodologies, regulatory reporting, and associated activities across NTAM's clients, accounts, and funds. This role will report to the Global Head of Valuations and play a key role in supporting NTAM's valuation framework through the oversight of valuation methodologies and models, review of complex and illiquid securities, and support of valuation governance processes, including committee reporting and pricing oversight activities.

The role combines valuation analysis and model oversight with governance, committee support, pricing oversight, and valuation process improvement activities.

The successful candidate will contribute to the continued evolution of a world-class Pricing and Valuation organization by identifying, developing, and championing initiatives that enhance valuation capabilities, strengthen governance and controls, improve automation and reporting, and support compliance with evolving regulatory and accounting requirements.

PRIMARY DUTIES AND RESPONSIBILITIES As a member of the Pricing and Valuation team, drive excellence across valuation oversight, fair value governance, and model management activities supporting NTAM clients, accounts, and funds.

Responsibilities include:

Perform day-to-day valuation oversight activities related to fair valuation, ASC 820/FAS 157 leveling determinations, valuation methodology reviews, and associated reporting processes.

Develop, maintain, enhance, and document internal valuation models used to support the fair valuation of complex and illiquid securities.

Perform independent reviews and challenge assessments of third-party valuation models, methodologies, assumptions, and outputs to ensure valuations are reasonable, supportable, and consistent with industry practices.

Research and analyze complex valuation matters including private investments, contingent value rights (CVRs), escrow positions, proxy securities, delisted securities, suspended securities, and other hard-to-value investments requiring fair value determinations.

Support the Pricing and Valuation Committee (PVC) through preparation of analyses, valuation recommendations, governance materials, methodology approvals, and periodic committee reporting.

Ensure governance and oversight of fair value pricing methodologies and valuation models, including periodic reviews, validation, documentation, and performance monitoring.

Review pricing exceptions, valuation overrides, and other valuation-related control reports to identify and escalate matters requiring further analysis or governance review.

Collaborate with Compliance, Risk, Fund Administration, Investment Teams, and other stakeholders to address valuation matters and advance NTAM's valuation and reporting capabilities.

Support oversight of third-party pricing vendors and valuation service providers, including periodic due diligence reviews and assessments of pricing methodologies, controls, and service quality.

Contribute to process improvement, automation, and reporting initiatives designed to enhance scalability, transparency, and operational effectiveness across the Pricing and Valuation function.

Support internal and external audit requests, regulatory inquiries, and valuation governance reviews.

Assist in maintaining valuation policies, procedures, methodologies, and supporting documentation to ensure compliance with regulatory and governance…