Fixed Income Portfolio Manager

About Northern Trust

As a global leader in innovative wealth management asset servicing asset management and banking services Northern Trust (Nasdaq: NTRS) is proud to guide the worlds most successful individuals families corporations and institutions.

Since 1889 we have aligned our efforts with our three guiding Principles That Endure: Service Expertise and Integrity. Together they reflect the three cornerstones of business conduct which we strive to instill in our employees whom we call partners and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.

We are a premier asset management firm focusing on delivering unique insights and superior risk-adjusted returns in partnership with our clients.

Our research and portfolio management teams are fully integrated because we believe the combination of these skill sets and perspectives directly benefits our clients. Portfolio managers bring market knowledge of the structural and fundamental drivers of asset classes sectors and individual credits acquired through years of experience and research. Fundamental researchers provide a deeper analysis of individual issuers examining risk and return opportunities across the entire capital structure while also incorporating non-financial risks into their analysis. Quantitative researchers provide a complementary skill set in the form of higher-level quantitative and programming skills that are applied to the development and improvement of both our security selection and overall investment processes.

The combination of these skills sets combined with our macroeconomic research and scenario analysis provides for a sophisticated intuitive and fundamental approach to making investment decisions. We view ourselves as managers of risk with our analytics integrated into our investment process providing the common language we all addition to vendor systems we have also built proprietary tools that allow our teams to accurately define and measure key risks.

Our investment team is supported by a robust infrastructure of traders operations client service and dedicated risk management and systems professionals who provide the framework upon which our overall business is supported.

The successful candidate will be responsible for developing directing and executing investment strategy as part of Northern Trusts fundamental multi-sector bond platform. Responsibilities include:

• Serve as portfolio manager and thought leader on multi-sector strategies within NTAMs taxable fixed income team working independently to contribute investment ideas. The primary sector focus will be on corporate credit valuation. Portfolio construction decisions will involve securitized assets and interest rate strategy as well.
• Monitor and report on market and economic conditions propose appropriate investments and participate in portfolio construction all within a fundamental risk-aware context in a manner consistent with each clients investment objectives.
• Maintain alignment of risk exposures across portfolios with common objectives
• Analyze and report on the performance of each portfolios relative to its respective benchmark including risk-adjusted excess returns performance attribution and actual tracking error vs. expected.
• Contribute to teams disciplined investment philosophy
• Assist in the development of new portfolio strategies through evaluation of fixed income market structural dynamics with a focus on the evolution of fundamental risk factors the introduction of innovative investment products and the changing behavior of major market participants
• Design and develop prototypes to systematize investment decision workflows.
• Work in close coordination and partnership with all global fixed income staff
• Engage with our most sophisticated clients for new business and existing relationships
• Establish and maintain professional contacts within the Fixed Income industry to further develop market knowledge and expertise

Qualifications

• At least 5 years of active fixed income portfolio management experience
• Corporate credit-specific fundamental knowledge
• A demonstrated 1-3-5 year investment track record a strong plus
• Knowledge of structural economic principles and trends across various markets the roles of various industry participants as well as management techniques related to retail and institutional portfolios including risk management monitoring and reporting
• A creative thinker who prides him/herself on independent thinking and uncovering hidden opportunities.
• Strong quantitative financial analysis and problem-solving skills

• Strong presentation and writing skills and the ability to clearly communicate portfolio features and articulate investment philosophy and process portfolio holdings and the rationale behind portfolio construction. Ability to demonstrate investment credibility.

• Proficiency in Excel and Bloomberg. Familiarity with machine learning and AI tools. Ability to code in Python and/or develop analytics using AI methods a strong plus.

Behavioral Competencies

• Collaborative and team-oriented with superior interpersonal skills
• Respectful of others and the collective goals of the Fundamental Team and Global Fixed Income group overall
• A keen passion for his/her work matched with a high level of intellect curiosity humility drive and energy
• Result-oriented focus on quality delivery determination and confidence to succeed
• Self-taught intellectually curious confident high-conviction ability to think on his/her feet
• Unquestionable professional integrity and ethics

EDUCATION

• Bachelors Degree in finance economics or related field. Masters Degree / MBA or industry certifications (CFA CAIA etc.) preferred.

Salary Range:

Salary 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.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B L-1 TN O-1 E-3 H-1B1 F-1 J-1 OPT CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner you will be part of a flexible and collaborative work culture which has a strong history of financial strength and stability. Movement within the organization is encouraged senior leaders are accessible and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trusts history and is an essential element of our culture. Employees around the world 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 our HR Service Center at or alternatively you can discuss your individual requirements with the recruiter you are working with.