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, the company is known for its Principles That Endure: Service, Expertise, and Integrity. These principles guide the behavior of Northern Trust's partners, who are dedicated to serving clients and communities worldwide.

The Key Responsibilities Of The Role

• 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 follow-up.
• Interacts with partners on a daily basis to receive and communicate information on client relationships or portfolios.
• Collaborates with the tax area to research discrepancies and oversee adjustments on client accounts related to 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 and contacting Investment Advisors if necessary.
• Follows established deadlines to process fund trades via CIT or all-in-one bank applications.
• Reviews and analyzes fee worksheets to ensure appropriate fee calculations.
• 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 of the GDWM tool and can run it during client meetings.
• Solves problems in straightforward situations, analyzing possible solutions using technical experience and judgment.
• Works within guidelines and policies to ensure quality work.

The Successful Candidate Will Benefit From

• Knowledge of investment products, services, and terminology, usually acquired through on-the-job training.
• Strong analytical, organizational, and communication skills to meet meeting deadlines and solve client or administrative problems.
• Completion of coursework towards obtaining a CFA or CFP designation.
• Expanded conceptual knowledge in own job discipline.
• Understanding of key business drivers and ability to use this understanding to accomplish own work.
• Ability to explain complex information to others in straightforward situations.
• One to three years of experience within the financial services industry.
• Provides informal guidance to new team members.

Pay

Salary range: $70,490 - 119,890 USD. 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. The company also offers a discretionary bonus program that may include an equity component.

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
• Other voluntary and well-being benefits
• Discretionary bonus program with an equity component

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture. Movement within the organization is encouraged, and senior leaders are accessible. Northern Trust is committed to an inclusive workplace and assisting the communities we serve. Philanthropy is deeply rooted in Northern Trust’s history and culture. Employees give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email MyHRHelp@ntrs.com or discuss your individual requirements with the recruiter you are working with.