Fixed Income Portfolio Manager

About Northern Trust

Northern Trust (Nasdaq: NTRS) is a global leader in innovative wealth management, asset servicing, asset management, and banking services. Founded in 1889, the company adheres to three core principles: Service, Expertise, and Integrity. These principles guide the company's business conduct, instilled in its partners, and extended to clients and communities worldwide. With over 24,000 partners and a rich history spanning more than 135 years, Northern Trust serves sophisticated clients globally.

About Northern Trust Asset Management

We are a premier asset management firm focused on delivering unique insights and superior risk-adjusted returns in partnership with our clients. Our Global Fixed Income team integrates research and portfolio management to offer a sophisticated, intuitive, and fundamental approach to investment decisions. Our investment team is supported by a robust infrastructure of traders, operations, client service, and dedicated risk management and systems professionals.

Responsibilities

• Serve as portfolio manager and thought leader on multi-sector strategies within NTAM’s taxable fixed income team, contributing investment ideas independently.
• Develop and execute investment strategy, focusing on corporate credit valuation and securitized assets, with an emphasis on interest rate strategy.
• Maintain alignment of risk exposures across portfolios with common objectives.
• Analyze and report on the performance of each portfolio relative to its respective benchmark, including risk-adjusted excess returns, performance attribution, and actual tracking error vs. expected.
• Contribute to the team’s disciplined investment philosophy.
• Assist in the development of new portfolio strategies through evaluation of fixed income market structural dynamics, focusing on the evolution of fundamental risk factors, the introduction of innovative investment products, and the changing behavior of major market participants.
• Design and develop prototypes to systematize investment decision workflows.
• Work in close coordination and partnership with all global fixed income staff.
• Engage with our most sophisticated clients for new business and existing relationships.
• Establish and maintain professional contacts within the Fixed Income industry to further develop market knowledge and expertise.

Qualifications

• At least 5 years of active fixed income portfolio management experience.
• Corporate credit-specific fundamental knowledge.
• A demonstrated 1-3-5 year investment track record (a strong plus).
• Knowledge of structural economic principles and trends across various markets, the roles of various industry participants, and management techniques related to retail and institutional portfolios, including risk management, monitoring, and reporting.
• A creative thinker who prides him/herself on independent thinking and uncovering hidden opportunities.
• Strong quantitative, financial analysis, and problem-solving skills.
• Strong presentation and writing skills, able to clearly communicate portfolio features and articulate investment philosophy and process, portfolio holdings, and the rationale behind portfolio construction.
• Proficiency in Excel and Bloomberg.
• Familiarity with machine learning and AI tools.
• Ability to code in Python and/or develop analytics using AI methods (a strong plus).

Behavioral Competencies

• Collaborative and team-oriented with superior interpersonal skills.
• Respectful of others and the collective goals of the Fundamental Team and Global Fixed Income group overall.
• A keen passion for his/her work, matched with a high level of intellect, curiosity, humility, drive, and energy.
• Result-oriented, focused on quality delivery, determined, and confident to succeed.
• Self-taught, intellectually curious, confident, high-conviction, ability to think on his/her feet.
• Unquestionable professional integrity and ethics.

Education

• Bachelor’s Degree in finance, economics, or related field.
• Masters’ Degree / MBA or industry certifications (CFA, CAIA etc.) preferred.

Benefits

Northern Trust offers 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. The company also provides a discretionary bonus program that may include an equity component.