Sr Investment Associate (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.

This is an office-based position and for the effective performance of this role, the duties and responsibilities must be carried out onsite.

Investment Associate - Private Wealth Management

As an Investment Associate in Northern Trust Wealth Management's investment practice, you will work with Portfolio Advisors (PAs) on a Chicago-based Wealth Advisory team serving high net-worth private clients. You will perform a broad range of portfolio-management support functions aimed at delivering high-quality, pro-active client service and investment execution for numerous client relationships

The investment support functions include preparing and coordinating portfolio-review and presentation materials used in client meetings, researching and responding to service requests and administrative inquiries in a timely manner, communicating action steps and outcomes effectively to internal staff and clients, resolving operational issues, tracking securities trade activity, and actively monitoring and updating compliance and account documentation.
This role is critical to our clients' service experience and the right candidate understands the importance of detail orientation and timeliness in daily workflows.

The Investment Associate takes on the following key responsibilities:

• Prepares and compiles investment reviews, performance reports and market-outlook presentation material for client meetings and client communication. Takes ownership of timely and thorough completion, oftentimes for multiple family relationships under tight deadlines.

• Performs a range of operational and administrative functions aimed at supporting Portfolio Advisors' books of business. Addresses internal and external service requests diligently.

• Takes ownership of all compliance-related functions and follow-up procedures. Consults with Portfolio Advisors on action items and communicates with clients to address documentation requirements, including investment-objective confirmation forms and investment-responsibility letters. Coordinates the submission of private-placement subscription documentation within indicated timelines.

• When opportune, participates actively in client meetings with Portfolio Advisors and other members of the client-service team, including trust advisors, private bankers and/or wealth planning professionals. Develops a clear understanding of client-specific needs, preferences and expectations. Engages in pro-active client outreach as appropriate and as business needs warrant.

• Monitors Portfolio Advisors' books of business in their absence and takes follow-up steps as appropriate.

• Develops and exhibits fluency in Northern Trust's holistic "Goals Driven Wealth Management" (GDWM) financial-planning and asset-allocation modeling methodology and deliverables. Assists in client-specific GDWM data gathering, processing and presentation.

• Develops and demonstrates an in-depth understanding of Northern Trust Wealth Management's investment philosophy, process and platform, and investment-fulfillment vehicles and strategies. Develops an ability to articulate and present market trends and developments and portfolio positioning effectively in client meetings.

• Develops and exhibits a solid knowledge base of fiduciary, trust and tax rules and their investment implications in the context of tax-aware investing.

• Demonstrates fluency in navigating Wealth Management's securities trading system and processes, including pertaining to diligent trade execution within stated guidelines, policies and risk-management parameters.

• Demonstrates proficiency in all relevant Investment Practice systems and applications.

• Assists in special projects and team assignments as requested. Collaborates with peers and colleagues in a supportive work setting.

Successful candidates would benefit from having:

• An undergraduate degree in Finance, Economics or Business

• One to three years of relevant work experience in the following industries: wealth management or investment services

• Knowledge of investment products, services and terminology, usually obtained through prior experience, academic studies or extracurricular activities. Competency in the understanding of financial markets and market trends.

• Passion and curiosity for investments and investing.

• Strong analytical, organizational and problem-solving skills

• Strong oral and written presentation skills

• Preferred: candidates pursuing the CFA® or CFP® designation or an advanced academic degree (MBA).

Career Path

In Wealth Management's Investment Practice, the Investment Associate may grow into roles of Associate Portfolio Advisor and PortfolioAdvisor over time.

Salary Range:
$88,900 - 151,100 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.