Senior Portfolio Advisor II, Foundations & Institutional Advisors (FIA)
About the role
Northern Trust, a Fortune 500 company founded in 1889, is a global financial institution known for its excellence and integrity. The Foundations and Institutional Advisors (FIA) group seeks a Senior Portfolio Manager to lead discretionary OCIO relationships with institutional clients, including foundations, endowments, healthcare organizations, and associations.
Primary Responsibilities
- Partner with client investment committees to develop and implement long-term investment strategies and customized asset allocations.
- Provide ongoing portfolio monitoring and optimization.
- Lead discussions with investment committees, boards, and CFOs.
- Deliver insightful performance reviews, benchmarking analyses, and investment outlooks aligned with Northern Trust’s research.
- Oversee delivery of investment services by coordinating internal resources.
- Ensure high-quality execution, timely issue resolution, and transparent communication of client concerns and priorities.
- Build and sustain strong, trusted relationships with clients.
- Proactively identify opportunities to add value and exceed expectations through thoughtful solutions and insights.
- Collaborate with internal teams (research, trading, and strategy) to develop and implement custom investment solutions tailored to client objectives.
- Support new business efforts by contributing to RFP responses, finals presentations, and broader business development initiatives.
Ideal Candidate Profile
- Minimum 10 years of investment management experience with direct client advisory responsibilities.
- CFA or CIMA strongly preferred; MBA or relevant graduate degree is a plus.
- Deep knowledge of institutional investment theory, portfolio construction, and current market strategies.
- Familiarity with asset allocation modeling and manager due diligence is essential.
- Demonstrated ability to provide high-touch, consultative service to nonprofit, endowment, or pension clients.
- Experience in the institutional or OCIO marketplace is strongly preferred.
- Proven track record of supporting or leading new business efforts and growth initiatives.
Salary Range
$189,290 - 331,200 USD
The salary range is a good faith estimate of base pay.
Benefits
- 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
- Discretionary bonus program with an equity component
Working With Us
At Northern Trust, we believe in a flexible and collaborative work culture. We encourage movement within the organization and have senior leaders who are accessible. We are committed to assisting the communities we serve and offer a comprehensive benefits package including retirement benefits, health and welfare benefits, paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits.
Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. Please email MyHRHelp@ntrs.com if you need a reasonable accommodation during the application process.