Act as primary support for a team of Portfolio Managers, performing multiple investment-related and client service activities in the management of portfolios for wealth management clients. Work closely with Portfolio Managers in areas such as trading, client goals-driven planning, compliance, internal and external communication, account administration, and special projects in order to deliver a consistently high level of proactive client service. Assist in developing strategies designed to achieve specific investment goals, within the framework of the underlying governing trust document or investment objective guidelines.
Major Duties The Associate Portfolio Manager will work closely with Portfolio Managers to deliver a consistently high level of proactive client service and support and perform the following duties: 1.Coordinate the account administration for investment management clients and ensure the completion of investment related tasks and client inquiries relative to the investment management of portfolio accounts. 2.Receive investment oriented project requests from clients and partners; oversees transaction processing, handles inquiry resolution, obtains appropriate documentation, and ensures systems information is up-to-date. 3.Monitor investment-related projects and other investment activities, as requested by portfolio managers, where appropriate. 4.Coordinate preparation and analysis, as appropriate, of Investment Presentations, WealthBench Analyses, and Goals Driven Investing (GDI) scenarios for existing and prospective clients. 5.Coordinate centralized investment solution management for all activities related to accounts managed by separate account managers (SMAs), including rebalancing and opening new accounts. 6.Work with Senior Investment Officer to communicate current relevant research recommendations and any other related Investment Policy Committee (IPC) information to Portfolio Managers. 7.Coordinate written client approval, as appropriate, for Investment forms, Trade Confirms, No Investment Responsibility Letters, and any other account-related documentation deemed necessary by bank policy or required by regulation. 8.Research and resolve account / operational investment discrepancies. 9.Identify service efficiency enhancements, process improvements, and service delivery using creative and proactive measures. 10.Work diligently toward mitigating losses due to error, being mindful of possible contingencies. 11.Provide investment-related assistance to other partners. 12.Continue to develop fundamental investment knowledge, through a combination of on the job training, online Northern educational seminars, formal graduate program or pursuance of the CFA designation. 13.Refinement of knowledge of investment strategies and instruments through continual contact with Northern Trust investment research areas and other industry professionals.
Knowledge and Skills 1.Knowledge of investment, economic and financial principles acquired through completion of a formal degree program. 2.Excellent oral and written communication skills. 3.Securities / investment industry knowledge. 4.Analytical skills, problem solving skills, intellectual curiosity, ability to work closely within a team framework, and excellence in execution are essential to be successful in this role, which may lead, over a period of time, to portfolio manager responsibilities. 5.Analytical and interpretive skills are needed to understand client needs in the context of investment strategies. 6.Additional skills which are desirable for this position are the ability to multi-task, adjust to competing priorities as needed, and timely completion of assignments. 7.Excel proficiency is a must with experience creating macros, pivot tables, charting, V-lookup, etc. 8.Technical skills and system knowledge is required.
Required Experience A College or University degree in Finance, Economics or other business related focus and relevant financial services industry work experience is required. Knowledge of investment, economic and financial principles, usually acquired through completion of a formal degree program, is required to manage investment activities. Minimum of 2 years of experience in investment services in the financial services industry. CFA Level I candidate is a plus.
Internal Number: 25707
About The Northern Trust Company
Northern Trust Corporation is a financial services company headquartered in Chicago, Illinois. It provides investment management, asset and fund administration, and fiduciary and banking services through a network of 85 offices in 18 US states and 20 international offices in North America, Europe, and the Asia-Pacific. As of March 31, 2017, the company had $121 billion in banking assets, $7.1 trillion in assets under custody and $1.0 trillion in assets under management.