Bank Portfolio Manager
Bank Portfolio Manager
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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.
The Bank Portfolio Manager is responsible for managing a significant part of the banks investment portfolio (Consumer ABS CMBS Agency MBS/CMOs etc.) and executes the investment transactions of the lead bank holding company and subsidiary banks. Additionally this role will develop and implement fixed income strategies designed to achieve the investment objectives of the bank and optimize portfolio allocation.
Major Duties :
1. Manages a part of the banks investment portfolio (Consumer ABS CMBS Agency MBS/CMOs etc.) and executes the investment transactions for the lead bank holding company and subsidiary banks.
2. Assists in evaluating and developing investment objectives and guidelines as appropriate given risk tolerance.
3. Develops fixed income investment strategies that are designed to achieve investment objectives.
4. Analyzes (using OAS when appropriate) and implements overall portfolio structure utilizing knowledge of economic and financial market conditions to meet the investment objectives.
5. Complies with all policies and guidelines (Board ALCO Credit etc.) in managing the investment portfolio.
6. Maintain good communication with brokers and dealers to monitor the market and to develop strategies.
7. Participates in sub-group or task force to revise or modify existing internal or external procedures guidelines or to review new products.
8. Maintains awareness of current and pending legal and regulatory issues that impact institutional investments.
9. Works closely with internal partners (operations accounting credit legal etc.) and coordination of manage issues related to the investment portfolio specifically or Treasury generally working across groups to execute solutions.
Knowledge :
Knowledge of investment products securitized product structuring services and terminology usually acquired through experience and formal education
Knowledge of current banking regulations and applications to the investment portfolio are necessary to determine proper portfolio allocations and risk analysis
Exceptional ability to organize and execute responsibilities with minimal supervision
Strong written and verbal communication skills
Exceptional analytical quantitative skills and critical thinking
Experience :
A college or university degree is preferred. 3 - 5 years of fixed income investment experience is required.
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:
Manager
Employment Type
Full-Time
