Investment Associate II

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 team members 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. Responsible for timely and accurate completion of material, often under tight deadlines.

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 PAs on action items and communicates with clients to address documentation requirements, including investment objective confirmation forms and investment responsibility letters.

Monitors PAs’ 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 “Goals Driven Wealth Management” (GDWM) financial planning and portfolio modeling software. Assists in client-specific data gathering and scenario planning in GDWM. May also participate in GDWM presentations to clients.

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.

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

Experience

Candidates for this position should have:

A foundational understanding of financial markets 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 (candidates with less than one year of work experience will be considered for the position as an Investment Associate I)

Preferred: candidates pursuing the CFA®, CFP®, or similar professional designation, and/or pursuing an advanced degree (MBA).

Career Path

The Investment Associate is expected to grow into the role of Associate Portfolio Advisor and subsequently Portfolio Advisor over time.

Salary Range:

$67,500 - 111,500 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 caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

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 committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.