Sr Investment Associate

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, Northern Trust is guided by three principles: Service, Expertise, and Integrity. These principles are reflected in the firm's commitment to its partners, whom it calls "Northern Trust Partners," and to the clients and communities it serves worldwide.

Key Responsibilities

• Ensures that portfolio materials are prepared for account review meetings with clients.
• Retrieves reports, as 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 that portfolio managers follow up with client requests.
• Interacts with partners 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 phone or written correspondence.
• Processes client cash transfer requests, determining if funds are available in the investment account and contacting Investment Advisors if cash needs to be raised.
• Processes fund trades via CIT or all-in-one bank applications by established deadlines.
• Reviews and analyzes fee worksheets to ensure that 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 the Investment Advisors.
• Begins to have a role in client meetings.
• Demonstrates mastery knowledge of the GDWM tool and can run it in client meetings.
• Solves problems in straightforward situations, analyzing 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.

Qualifications

• 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.
• Expanded conceptual knowledge in own job discipline.
• Understanding of key business drivers and their impact on own work.
• Ability to explain complex information to others in straightforward situations.
• 1-3 years of experience within the financial services industry.
• Provides informal guidance to new team members.