Investment Associate

Northern Trust; New York (NY); On-site; USD 60,000 - 90,000; Full time

Job summary

Northern Trust is seeking a skilled professional to support portfolio administration and client service operations. The role involves preparing portfolio materials for reviews, setting up client files, and coordinating reports and documentation for review meetings.

You will work with Investment Advisors and teams to handle client requests, ensure timely report delivery, and assist with tax cost discrepancies and regulatory compliance.

Qualifications

• Responsible for all administrative aspects of a portfolio. This includes file set up on client accounts, ordering reports, processes physical stock and/or bond certificates, prepares all material for client review meetings. Works under the direction of the Investment Advisor to complete all client requests.
• Responsible for supporting risk and compliance requirements for the team, including: Working diligently to mitigate losses due to error and being mindful of possible contingencies
• Coordinating and/or supporting investment or client service teams’ monthly REV and New Account Review processes and documentation (as directed by supervisor).

Responsibilities

• Ensures that portfolio materials are prepared for account review meetings with clients. Retrieves reports, desired by portfolio managers or requested by clients, off the EDS, PIMS, IMS, and PAS systems.
• Sets-up files with account documentation for existing or new clients (i.e., involving automatic payment, pledging securities, address changes, statement addresses, investment guidelines, fees, etc.).
• Orders reports for portfolio managers or clients as requested.
• Communicates with clients and portfolio managers on client requests. Ensures that portfolio managers follow-up with client requests.
• Interacts with partners, primarily administratively, on a daily basis to receive and communicate information on all aspects of a client relationship or portfolio.
• Works with the tax area to research discrepancies and oversee adjustments on client accounts regarding tax cost issues.

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.

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.

• Responsible for all administrative aspects of a portfolio. This includes file set up on client accounts, ordering reports, processes physical stock and/or bond certificates, prepares all material for client review meetings. Works under the direction of the Investment Advisor to complete all client requests.

Responsible for supporting risk and compliance requirements for the team, including:
Working diligently to mitigate losses due to error and being mindful of possible contingencies
Coordinating and/or supporting investment or client service teams’ monthly REV and New Account Review processes and documentation (as directed by supervisor).

• Major Duties :
• Ensures that portfolio materials are prepared for account review meetings with clients. Retrieves reports, desired by portfolio managers or requested by clients, off the EDS, PIMS, IMS, and PAS systems.
• Sets-up files with account documentation for existing or new clients (i.e., involving automatic
  payment, pledging securities, address changes, statement addresses, investment guidelines, fees, etc.).

Orders reports for portfolio managers or clients as requested.
Communicates with clients and portfolio managers on client requests. Ensures that portfolio managers follow-up with client requests.
Interacts with partners, primarily administratively, on a daily basis to receive and communicate
information on all aspects of a client relationship or portfolio.
Works with the tax area to research discrepancies and oversee adjustments on client accounts regarding tax cost issues.<