Senior Investment Researcher, Multi-Asset

Northern Trust Corporation; England; On-site; GBP 180,000 - 315,000; Full time

Job summary

Northern Trust is seeking a senior investment researcher to lead research across global asset classes, supporting asset allocation decisions and portfolio construction. You will develop innovative frameworks, insights, and models that inform investment decisions for institutional clients.

The role requires 10+ years in investment research, advanced Python and SQL skills, and a strong background in multi‑asset investing and risk management. CFA or similar designation is preferred.

Qualifications

• 10+ years of experience in investment research, asset allocation, multi‑asset investing, portfolio management, or quantitative research.
• Advanced degree in Finance, Economics, Financial Engineering, Statistics, Data Science, Applied Mathematics, Computer Science; CFA or similar designation preferred.
• Strong knowledge of financial markets, investments, asset allocation, portfolio construction, and risk management.
• Experience applying quantitative methods and machine learning to investment research.
• Demonstrated track record of research informing portfolio construction and client outcomes.

Responsibilities

• Lead research initiatives on asset allocation, portfolio construction, risk management, and investment strategy across global markets.
• Develop and enhance signals, forecasting models, and analytical frameworks for portfolio decisions.
• Analyze macro and market trends to identify opportunities and risks for portfolios.
• Conduct empirical research and back‑testing to evaluate ideas and strategies.
• Apply quantitative techniques and data science to improve research and decision making.
• Present findings to investment committees, senior management, and clients.
• Mentor junior researchers and contribute to the research agenda.

Skills

Python

SQL

Data analysis

Machine learning

Statistical modeling

Azure

Snowflake

Databricks

Education

Advanced degree

CFA preferred

Tools

Azure

Snowflake

Databricks

Job description

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 world’s 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 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Position Summary:

Responsible for leading investment research across global asset classes to support asset allocation decisions, model portfolio management and institutional investment solutions. Develops innovative research frameworks, investment insights, and portfolio construction methodologies that directly influence investment decision‑making. Partners closely with portfolio managers, strategists, and senior leadership to identify opportunities, manage risks, and enhance investment outcomes for clients.

Responsibilities:

• Lead research initiatives on asset allocation, portfolio construction, risk management, and investment strategy across public and private markets.
• Develop and enhance investment signals, forecasting models, and analytical frameworks used in strategic and tactical portfolio decisions.
• Analyze global economic, market, policy, and valuation trends to identify investment opportunities and portfolio risks.
• Conduct empirical research and back‑testing to evaluate asset allocation ideas, factor exposures, manager strategies, and portfolio outcomes.
• Apply advanced quantitative techniques, data science, and machine learning tools to improve investment research and decision‑making.
• Partner with portfolio managers to evaluate portfolio positioning, performance drivers, risk exposures, and implementation considerations.
• Generate actionable investment recommendations supported by rigorous quantitative and qualitative analysis.
• Produce thought leadership, market commentary, and research publications for internal stakeholders and external clients.
• Present research findings and investment views to investment committees, senior management, clients, consultants, and distribution partners.
• Mentor junior researchers and contribute to the ongoing development of the team's research agenda, investment process, and analytical capabilities.

Requirements:

• 10+ years of experience in investment research, asset allocation, multi‑asset investing, portfolio management, or quantitative research.
• Previous experience leading, mentoring, and developing investment researchers, quantitative analysts, or related investment professionals is a plus.
• Strong knowledge of financial markets, investments, asset allocation, portfolio construction, and risk management.
• Advanced programming skills in Python and SQL, with experience working with large and complex datasets and modern data platforms (e.g., Azure, Snowflake, Databricks).
• Experience applying quantitative methods, statistical modeling, machine learning, or artificial intelligence to investment research.
• Demonstrated track record of conducting research that directly informs portfolio construction, investment decision‑making, and client outcomes.
• Advanced degree in Finance, Economics, Financial Engineering, Statistics, Data Science, Applied Mathematics, Computer Science, or a related field; CFA or similar designation preferred.

Salary Range:

$239,900 - 419,700 USD

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 Trust’s 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.