Global Family Office Investment Practice Associate (GFO IPA)

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.

ROLE SUMMARY

Our Global Family Office (GFO) Investment Practice Associate will work alongside Client Investment Officers and Investment Relationship Managers to serve our Global Family Office clients and assist senior staff in the management of client investment programs. You will be expected to review client portfolios daily and identify issues based upon understanding of client investment programs and provide client servicing support as necessary. You will be expected to gain a strong knowledge of Northern Trust Asset Management (NTAM) products, services, clients and partners. You will have extensive contact with our Client Investment Officers, Investment Relationship Managers, other NTAM and Northern partners, as well as and clients/prospects. You will gain an in-depth understanding of client service needs and requests. You must knowledgeably respond to inquiries, as well as coordinate and implement complex solutions.

The position is geared toward early career investment professionals with interest in acquiring the knowledge and skills to develop into Client Investment Officers or Investment Relationship Managers.

SCOPE AND RESPONSIBILITIES

Key duties and responsibilities include:

• Provide investment management support by maintaining awareness of portfolio asset allocation and construction and prepares review material for client meetings

• Review client portfolios daily and identify issues based upon understanding of client investment programs

• Execute transactions to rebalance client investment programs and work with bank partners to ensure proper settlement of buy/sell transactions

• Partner with portfolio management team and manager research on all additions, replacements and removal of managers/investments from client programs

• Coordinate with several performance teams to analyze and prepare client portfolio information

• Verify data accuracy and complete all client deliverables in a timely manner while accommodating any unique client requirements or requests

• Demonstrate advanced technical proficiency in all aspects of client servicing including preparing presentations, analyzing performance, coordinating/implementing new client onboardings and navigating re‐structuring events independently

• Initiate communication with clients, committees and/or Senior Management wherever necessary to provide thorough analysis and information

• Analyze reports to identify potential situations, trends, and improvement opportunities

• Identify, escalate and recommend enhancements to management based on inquiries received

• Keep abreast of new and existing NTAM products and services

• Maintain awareness of Northern Trust’s economic and market expectations

• Execute complex events with significant financial client, and/or internal business impact

QUALIFICATIONS

• Excellent analytical, verbal, and written communication skills are required

• In-depth knowledge of client servicing, investment, and/or portfolio management is required

• Analytical and problem solving skills are required

• Ability to research and resolve inquiries and to manage conflicting priorities and workflow

• Comfortable recommending enhancements and cross selling products and services

• Technical skills / systems knowledge (e.g. Microsoft Office) is required

• College degree required

• 3 to 5 years work experience preferred, ideally in investments, trading, operations

• CFA candidate preferred

• Comfortable recommending enhancements and cross selling products and services

• Series 7 and 63 licenses required and must be obtained within 90 days

Salary Range:

$80,800 - 133,400 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 caregive