Sr Investment Associate

About the role

Northern Trust, a Fortune 500 company founded in 1889, is a global financial institution renowned for its expertise and integrity. The company serves sophisticated clients worldwide, leveraging advanced technology and exceptional service.

Major Duties

• Prepares portfolio materials for account review meetings with clients.
• Retrieves reports requested by portfolio managers or clients from EDS, PIMS, IMS, and PAS systems.
• Sets up files with account documentation for existing or new clients, including automatic payments, pledging securities, address changes, statement addresses, investment guidelines, fees, etc.
• Orders reports for portfolio managers or clients as requested.
• Communicates with clients and portfolio managers on client requests, ensuring they are followed up on.
• Interacts with partners, primarily administratively, on a daily basis to receive and communicate information on all aspects of a client relationship or portfolio.
• Works with the tax area to research discrepancies and oversee adjustments on client accounts regarding tax cost issues.
• Responds to client inquiries for account information or initiates transactions requested by the client, such as re-registering gift stock, remitting proceeds, selling gifts, etc.
• Processes physical stock/bond certificates and completes DTC transfers.
• Follows up with clients on inquiries via the telephone or written correspondence.
• Processes client cash transfer requests, determining if funds are available in the investment account and contacting Investment Advisors if necessary.
• Processes fund trades via CIT or all-in-one bank applications by established deadlines.
• Reviews and analyzes fee worksheets to ensure fees are calculated appropriately.
• Adheres to National Investment Guidelines, feedback from the REV peer review process, and observes sound risk management practices.
• Begins to proactively make recommendations to support Investment Advisors.
• Begins to play a role in client meetings.
• Demonstrates mastery knowledge of the GDWM tool and can run it in client meetings.
• Solves problems in straightforward situations.
• Analyzes possible solutions using technical experience and judgment and precedents.
• Impacts quality of own work and the work of others on the team.
• Works within guidelines and policies.

Knowledge

• Knowledge of investment products, services, and terminology, usually obtained through on-the-job training.
• Strong analytical, organizational, and communication skills to meet meeting deadlines and solve client or administrative problems.
• Coursework completion towards obtaining a CFA or CFP designation.
• Expanded conceptual knowledge in own job discipline.
• Understands key business drivers and uses this understanding to accomplish own work.
• Explains complex information to others in straightforward situations.

Experience

• 1-3 years of experience within the financial services industry.

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
• Other voluntary and well-being benefits
• A discretionary bonus program that may include an equity component

Working With Us

We are committed to fostering a flexible and collaborative work culture. Movement within the organization is encouraged, and senior leaders are accessible. We are dedicated to supporting the communities we serve and offer a workplace with a greater purpose. Join us and apply today!