This is a testing site - do not apply. Please go to northerntrustcareers.com.
DO NOT APPLY - TEST Pers Inv Port Mgr
For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands. We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.
December 31, 2016, Northern Trust Corporation had:
•$124 billion in banking assets
•$6.7 trillion in assets under custody
•$8.5 trillion in assets under custody/administration
•$942 billion in assets under management
The key responsibilities of the role include:
•Manages a full set of fee revenue producing investment accounts ranging from moderately sized to large and sensitive personal trust and individual relationships. Operates within the framework of the underlying document, developing strategies designed to achieve specific investment goals. Assignments generally involve a high level of client servicing, in many cases as primary client contact.
•Manages investment activities for a full set of fee revenue producing accounts, representing moderately sized to large and sensitive high net worth personal trusts and individual investment accounts.
•Manages accounts that may require complex decision making or special handling due to the nature of the relationship, size, or type of assets managed, sensitive client issues, coordinating shared authority with outside attorneys/consultants.
•Develops, recommends, and directs the execution of programs designed to achieve investment objectives for accounts or family relationships. Reviews and analyzes investments to select assets and manage individual portfolios.
•Ascertains the purpose or intentions of the trust/agency agreement and the level of investment authority granted to the trustee/agent.
•Analyzes and plans the overall investment strategy of the trust/agency account with continuous revision of account objectives in context of client needs.
•Maintains extensive contact with personal trust relationship managers, clients, co-trustees, consultants, the bank's legal area and outside attorneys to ensure
communication of trust/agency requirements and coordinate portfolio activity.
•Maintains a current awareness of new investment strategies and instruments through regular contact with the investment research area and other industry professionals, as well as through personal research
•Participates in the development of new investment business with personal financial planning staff.
• Ensures the completion of processing needs relative to the administration of assigned accounts.
•Performs financial analysis on individual assets as appropriate.
Minimum 5 years of investment experience, Strong client service orientation; Knowledge of investment and portfolio management theory, accounting and financial principles, associated investment strategies and instruments, and characteristics of various marketplaces, usually acquired through formal education and work experience, is required to manage portfolios. Knowledge of investment terminology, the laws and regulations governingtrust investments and taxation, as well as the bank''s investment policies, procedures and strategies, usually acquired through work experience and formal education, is required to operate within theframework of trust documents. Decision making, sales, and negotiating skills are required to guide sensitive or difficult situations through to agreement.
This is a testing site - do not apply. Please go to northerntrustcareers.com.
- $135 billion in banking assets
- $8.1 trillion in assets under custody
- $10.7 trillion in assets under custody/administration
- $1.1 trillion in assets under management