Investment Associate

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 16,500 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.

December 31, 2016, Northern Trust Corporation had:

• $124 billion in banking assets
• $6.7 trillion in assets under custody
• $8.5 trillion in assets under custody/administration
• $942 billion in assets under management

Job Summary:
As an Investment Associate, you will work with portfolio managers within client service teams to consistently deliver a high level of proactive client service and support. They are expected to understand and support their PM’s daily workflow. This includes analyzing investment themes and issues to communicate effectively with clients and internal partners, tracking trade activity from execution to settlement, researching and resolving account/operational investment discrepancies, analyzing and insuring accuracy of investment performance results, proofing and coordinating presentation materials used in meetings with high net worth clients. This position is critical to the confidence that our clients have in our abilities to manage their finances and the appropriate person will understand the importance of accuracy and timeliness.

Major Duties:
Monitor and take ownership of all compliance related duties and follow-up procedures, including consulting with PMs on deficiencies and communicating with clients to eliminate exceptions.

Participate in client meetings with the PM and other members of the client service team. Duties range from insuring our records are complete for compliance purposes to providing equity and fixed income research needed for discussion with clients to inform them of investment decisions and transactions in their accounts.

Monitor daily all current and outstanding capital structure offers, and ensure that capital structure decision deadlines are met.

Communicate information on current offers, relevant research recommendations and any other related information to PMs.

Coordinate preparation of asset allocation analyses and presentation materials for existing and prospective clients.

Monitor PMs’ desks in their absence. Distribute investment research and portfolio construction information when and where appropriate. Read, understand and abide by the PFS PM Guidelines.

Work diligently toward mitigating losses due to error, and be mindful of possible contingencies.

Work on special projects as assigned.

Qualifications:
Assist in the preparation of materials for client meetings to insure the information is accurately and logically presented. Investment Associates work with multiple family relationships. Strong organizational skills are essential to understand each family’s particular circumstances.

Obtain written client approvals for Investment Objective forms, trade confirmations, no investment-responsibility letters and any other account-related documentation.

Investment Associates should have a broad understanding of financial markets. Knowledge of investment products, services, and terminology, usually obtained through on the job training or prior experience, are needed. Analytical and organizational skills are needed to meet deadlines and solve client or administrative problems.

Candidates should have 2-3 years of investment and personal trust client servicing experience. Undergraduate degree in business, finance or economic or equivalent investment related work experience is highly preferred.

Excellent technical skills, including advanced Excel skills are required as well as Power point. A passion for the investment business and excellent communication skills. Preference toward candidates pursuing a CFA.

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It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual’s age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.) EEO is Law” Poster Supplement