Sr. Consultant - Investment Performance Attribution

About the role

Northern Trust Asset Management is a trillion-dollar investment management firm entrusted by investors around the globe to help them navigate changing market environments so they can confidently realize their long-term objectives. The Senior Consultant will be responsible for attribution analysis across a range of mandates spanning all asset classes and investment styles.

Responsibilities

• Using attribution and risk models on platforms such as Aladdin, FactSet, Perform or Bloomberg to create attribution analysis that can be used by the PMs as feedback loops to validate the results of their investment strategies or exposure management, on a daily and monthly basis.
• Incorporate quality and fit-for-purpose attribution analysis into various management reports as the objective data that illustrates the drivers of over and under performance on the portfolio level.
• Design and refine quality control mechanisms that are meaningful and impactful to improve accuracy of attribution analysis.
• Timely and effectively respond to inquiries related to the methodology, data issues and accuracy of attribution analysis; appreciate the sources of inquiries maybe an attribution super-user or a novice with simple questions and treat all inquiries with respect and patience.
• Monitor ex-ante data set and use them as a reference point to validate the ex-post attribution results to understand the end-to-end view of the overall P&L creation and validation process.
• Collaborate with risk management and governance function to utilize attribution consistently to Illustrate the source of tracking errors and exposure to various strategies and sectors, provide efficient explanations on the cause of tracking errors using attribution.
• Aim to implement strategic solutions to reduce the data issues upstream.
• Provide timely response to address any attribution analysis needs by our client facing teams/functions for client reporting, pitch-book, RFP/DDQs and other by-demand analysis that showcase our investment capabilities.
• Engage in productive dialogues with portfolio managers/client portfolio managers to understand the questions and concerns related to the explanation of investment performance outcomes, show ability to lead and drive standardized solutions.
• Accountable for timeliness and quality of attribution analysis deliverables, engaging portfolios managers on a regular and consistent basis to stay current with their investment styles and expected outcomes, then use attribution objectives to provide the data to support the narrative of investment outcomes.
• Understand the optimization processes utilized to support passive and active strategies so to align and independently verify the effect of optimization in attribution analysis.
• Proactively identify and implement improvements to existing processes to further gain operational efficiency and productivity.

Qualifications

• In-depth understanding of the investment management business, with particular expertise in fixed income fundamental strategies and optionality of tax-exempted securities.
• Familiarity of Alternative investment process, performance and attribution analysis is a plus.
• Specific prior knowledge of and experience with factor based attribution, ability to differentiate different risk or asset allocation profiles may impact the output of an attribution analysis, knowledge of BlackRock’s Aladdin analytics is highly preferred.
• Adopting and utilizing AI Agent/Co-Pilot to aid the day-to-day review of attribution analysis, monitoring of market moves and finetune commentaries contents.
• Strong analytical, organizational, and problem-solving skills.
• Ability to work independently and relentlessly to pursue facts and reach conclusions on cause/effect of investment outcomes.
• Prior experience working with and influencing others to relentlessly unlock new opportunities to drive excellence.
• Understanding of technology such as abilities to perform basic programing/coding tasks, knowledgeable of database structures (relational, cloud based) and navigate large set of data is complimentary for this role.
• Experience in driving digital and automation-driven transformation to generate efficiencies and scalability.
• Ability to manage multiple tasks simultaneously and demonstrate ability to achieve results in a timely manner.
• Global outlook with sensitivity and awareness of social and cultural differences.
• Strong situational awareness, communication skills and decision making capabilities.

Skills

• Strong analytical, organizational, and problem-solving skills.
• Ability to work independently and relentlessly to pursue facts and reach conclusions on cause/effect of investment outcomes.
• Prior experience working with and influencing others to relentlessly unlock new opportunities to drive excellence.
• Understanding of technology such as abilities to perform basic programing/coding tasks, knowledgeable of database structures (relational, cloud based) and navigate large set of data is complimentary for this role.
• Experience in driving digital and automation-driven transformation to generate efficiencies and scalability.
• Ability to manage multiple tasks simultaneously and demonstrate ability to achieve results in a timely manner.

Benefits

Salary Range $131,905 - 224,135 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.