Associate Portfolio Manager
Part of the team that supports the Foundation and Institutional Advisor group portfolio managers who work directly with mid-size non-profit institutional and ERISA clients in the Western United States. Duties include preparation of asset allocation studies, rebalancing analysis within client investment policy, trading of instruments to implement and maintain appropriate asset allocation, and the research and preparation of presentation materials for client meetings. Operates within the framework of the underlying documents, working with the portfolio manager to develop strategies designed to achieve specific investment goals.
The key responsibilities of the role include:
1. Work as a team member and support portfolio managers who manage a full set of institutional fully discretionary accounts within the Foundation and Institutional Advisor (FIA) group.
2. Trades accounts with managerial input regarding investment decisions.
3. Works with portfolio managers to develop and direct the execution of programs designed to achieve investment objectives for institutional relationships.
4. Consults with portfolio managers and administrative partners to identify the guidelines and constraints within the account governing documents, the client investment policy statement and other appropriate documents to be able to exercise the level of investment discretion granted to the trustee/agent.
5. Seeks managerial guidance to develop individual investment strategies for each assigned relationship, based on circumstances and investment policy guidelines.
6. Maintains extensive contact with FIA client relationship managers, to ensure communication of trust/agency requirements, and coordinate portfolio activity.
7. Develops knowledge of investment strategies and instruments through contact with the investment research area and other industry professionals, as well as through personal education and research.
8. Serves on ad hoc committees of investment services staff as requested.
9. Works with FIA staff to support development of new investment business.
10. Ensures the completion of processing needs relative to the administration of assigned accounts.
11. Researches discrepancies involved with investment processing.
The successful candidate will benefit from having:
- 2+ years experience in investment services in the financial services industry.
- A passion for the investment business and communication skills. CFA candidacy a plus.
- Knowledge of investment, economic and financial principles, usually acquired through completion of a formal degree program, is required to manage investment activities. Analytical and interpretive skills are needed to understand client needs in the context of investment strategies.
For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.
We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.
As of December 31, 2018, Northern Trust Corporation had:
- $10.1 trillion in assets under custody/administration
- $7.6 trillion in assets under custody
- $1.1 trillion in assets under management
- $132 billion in banking assets