Associate Portfolio Advisor
Associate Portfolio Advisor
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$ 99600 - 169200
1 Vacancy
Job Description
About Northern Trust:
Northern Trust a Fortune 500 company is a globally recognized award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the worlds most successful individuals families and institutions by remaining true to our enduring principles of service expertise and integrity. With more than 130 years of financial experience and over 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.
We have a balanced hybrid working model to ensure you get the flexibility you needand the successful candidate will spend their time between working in the office and working from home.
Job Description Summary:
The Associate Portfolio Advisor works with the Senior Portfolio Advisor on the guardianship team to consistently deliver a high level of proactive client service support and investment management. This includes managing a small book of existing clients analyzing investment themes and issues to communicate effectively with clients and internal partners tracking trade activity from execution to settlement researching and resolving account/operational investment discrepancies analyzing and insuring accuracy of investment performance results. This position is critical to the confidence that our clients have in our abilities to manage their finances and the appropriate person will understand the importance of accuracy and timeliness.
Major Duties:
Manages investment activities for a growing set of fee revenue producing accounts representing small to mid-sized guardianships and individual portfolios with some managerial input.
Work closely with the portfolio management and client service teams to deliver a consistently high level of proactive client service and partner support.
Understand and support Portfolio Advisors monthly workflow and provide investment-related assistance to other partners (e.g. administrators wealth strategists etc.).
Ensure investments comply with specific state laws outlined in each states Probate Act.
Assists in development and recommendations of portfolios designed to achieve investment objectives for specific individual clients.
Lead client meetings where investments are concerned.
Present Northern Trusts investment philosophy effectively to clients attorneys and judges.
Research and resolve account/operational investment discrepancies.
Developing an influential presence with the client facing team clients co-trustees consultants the banks legal area and outside attorneys to ensure communication of client requirements and coordinate portfolio activity.
Consistently demonstrates increasing proficiency with new investment strategies tools and capabilities and portfolio research and investment methodologies through regular contact and engagement with the National Investment Practice their peers and broader Wealth and Asset Management.
Back up and monitor Portfolio Advisors desk in their absence.
Distribute investment research and portfolio construction information when and where appropriate.
Provide backup to other Portfolio Advisors Account Managers etc. which could include opening accounts collecting assets paying bills or other administrative support.
Be a proactive contributor to the team.
Monitor and take ownership of all compliance related duties and follow-up procedures including consulting with Portfolio Advisors on deficiencies and communicating with clients to eliminate exceptions.
Provides continuous feedback on areas for improvement to leadership on national initiatives changes and expectations.
Adheres to National Investment Guidelines feedback from the Regulatory Evaluation Validation (REV) peer review process and observes sound risk management practices.
Knowledge and Experience Requirements:
Associate Portfolio Advisors should have a client servicing background with lead relationship management experience preferred. Candidates should have 2-3 years of investment and personal trust client servicing experience.
Knowledge of investment products services and terminology usually obtained through on the job training or prior experience are needed.
Analytical and organizational skills are needed to meet deadlines and solve client or administrative projects.
Excellent technical skills and adaptability are required.
Undergraduate degree in business finance economics or equivalent relevant work experience highly preferred.
A passion for the investment business and guardianship client base.
Salary Range:
$99600 - 169200 USDSalary 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.
Working with Us:
As a Northern Trust partner greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged senior leaders are accessible and you can take pride in working for a company committed to assisting the communities we serve!Join a workplace with a greater purpose.
Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply today.#MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process please email our HR Service Center at .
We hope youre excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
Required Experience:
IC
Employment Type
Full-Time
