Investment Associate

Northern Trust
Chicago, USA
Feb 16, 2021
Mar 06, 2021
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Investment Associate New    81560 Requisition #    3 days ago Post Date
As an Investment Associate in Northern Trust Wealth Management's investment practice you will work with Portfolio Managers (PMs) on a Chicago-based Wealth Advisory team serving high net-worth private clients. You will perform a broad range of administrative and portfolio-management support functions aimed at delivering high-quality, pro-active client service and investment execution for numerous client relationships.

The support functions include preparing and coordinating portfolio-review and presentation materials used in client meetings, responding to service requests in a timely manner and communicating outcomes effectively to internal staff and clients, researching and resolving operational issues, tracking securities trade activity from execution to settlement, and updating mandatory account and compliance documentation.

This role is critical to our clients' service experience and the right candidate understands the importance of accuracy and timeliness in daily workflows.

The Investment Associate takes on the following responsibilities:
• Assists in the preparation of portfolio-review and market-outlook presentation material for client meetings and client communication. Takes ownership of timely and accurate material completion, oftentimes under tight deadlines.

• Participates in client meetings with the PM and other members of the client-service team, including trust advisors, private bankers and/or wealth planners, when opportune. Develops a clear understanding of client-specific needs, preferences and expectations. Responds to follow-up service requests.

• Resolves account-specific and operational action items and/or discrepancies, including follow-up on corporate actions items pertaining to accounts' securities holdings.

• Monitors and takes ownership of all compliance-related duties and follow-up procedures. Consults with PMs on action items and communicates with clients to address documentation requirements, including investment-objective confirmation forms and investment-responsibility letters.

• Monitors PMs' books of business in their absence and takes follow-up steps as appropriate. Assists in special projects as requested.

• Develops fluency in Northern Trust's dynamic "Goals Driven Wealth Management" (GDWM) financial-planning and portfolio-modeling approach and tool. Assists in client-specific data gathering and scenario planning in GDWM.

• Develops a thorough understanding of Northern Trust's investment philosophy, investment platform, asset-allocation strategy and investment fulfillment vehicles. Develops an ability to communicate effectively about market trends and developments.

Candidates for this position should have:

• A foundational understanding of financial markets and market drivers, and passion for investments and investing. Knowledge of investment products, services and terminology, usually obtained through on the job training or prior experience, are a plus.

• Strong oral and written presentation skills

• Strong analytical, organizational and problem-solving skills

• Proficiency in MS Office suite of products, with advanced fluency in Excel

• Highly preferred: undergraduate degree in business, finance, economics or equivalent relevant work experience

• Preferred: a minimum of 1 year of investment-focused experience or client-servicing experience in the financial services industry

• Preferred: candidates pursuing the CFA®, CFP®, or similar professional designation, or pursuing an advanced degree (M.B.A.).

Career Path
The Investment Associate is expected to grow into roles of Associate Portfolio Manager and subsequently Portfolio Manager over time.

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 world's 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.

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 ethical companies. Build your career with us and apply today.

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