Associate Portfolio Advisor (Finance)

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 world's 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 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

We have a balanced hybrid working model to ensure you get the flexibility you need, and 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 Advisor's 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 state's 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 Trust's 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 bank's 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 Advisor's 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:
$99,600 - 169,200 USD

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.

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.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply 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 MyHRHelp@ntrs.com .

We hope you're 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.