Investment Associate II

The Northern Trust Company; Milwaukee (WI); On-site; USD 60,000 - 85,000; Full time

Job summary

Northern Trust is seeking an Investment Associate to support wealth management clients. You will handle portfolio materials, client requests, and documentation setup while working alongside Investment Advisors.

The role requires knowledge of investment products, strong analytical and communication skills, and 1–3 years in financial services. CFA/CFP coursework is encouraged. A collaborative, client-focused mindset is essential.

Qualifications

• Knowledge of investment products, services, and terminology needed to prepare material for client meetings.
• Strong analytical, organizational, and communication skills to meet deadlines and solve problems.
• Coursework toward CFA or CFP designation.
• Understands key business drivers and uses them to accomplish own work.
• Explains complex information clearly to others.
• 1–3 years of experience in financial services.
• Provides informal guidance to new team members.

Responsibilities

• Ensures portfolio materials are prepared for account review meetings with clients.
• Sets up files with account documentation for existing or new clients.
• Orders reports for portfolio managers or clients as requested.
• Communicates with clients and portfolio managers on requests.
• Interacts with partners administratively to relay information on client relationships.
• Works with tax to research discrepancies and oversee adjustments.
• Responds to client inquiries for account information or transactions.
• Processes client cash transfer requests and checks fund availability.
• Processes fund trades by established deadlines.
• Reviews and analyzes fee worksheets to ensure fees are correct.
• Adheres to Investment Guidelines and risk policies.
• Begins to proactively make recommendations to support Investment Advisors.

Skills

Analytical skills

Organizational skills

Communication skills

Investment knowledge

Education

CFA/CFP coursework

Tools

GDWM tool

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.

The Investment Associate will be 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 independently to support the investment management clients and Investment Advisors. Formulates recommendations proactively to support the Investment Advisors. Demonstrates mastery knowledge of Goals Driven Wealth Management (GDWM) tool and can run it and begin to contribute to client meetings.

Key responsibilities include:

1. 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.
2. 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.).
3. Orders reports for portfolio managers or clients as requested.
4. Communicates with clients and portfolio managers on client requests. (Ensures that portfolio managers follow-up with client requests).
5. Interacts with partners, primarily administratively, on a daily basis to receive and communicate information on all aspects of a client relationship or portfolio.
6. Works with the tax area to research discrepancies and oversee adjustments on client accounts regarding tax cost issues.
7. Responds to client inquiries for account information or to initiate transactions requested by the client (i.e., re-register gift stock, remit proceeds, sell gifts, etc.). Processes physical stock/bond certificates and completes DTC transfers.
8. Follows-up with client on inquiries via the telephone or written correspondence.
9. Processes client cash transfer requests. Determines if funds are available in the investment account. Contacts Investment Advisor if cash needs to be raised.
10. Processes fund trades via CIT or all-in-one bank applications by established deadlines.
11. Reviews and analyzes fee worksheets to ensure that fees are calculated appropriately.
12. Adheres to National Investment Guidelines, feedback from the REV peer review process, and observes sound risk management practices.
13. Begins to proactively make recommendations to support the Investment Advisors.
14. Begins to have a role in client meetings.
15. Demonstrates mastery knowledge of the GDWM tool and can run it in client meetings.
16. Solves problems in straightforward situations
17. Analyzes possible solutions using technical experience and judgment and precedents
18. Impacts quality of own work and the work of others on the team
19. Works within guidelines and policies

The successful candidate will have:

• Knowledge of investment products, services, and terminology, usually obtained through on the job training, are needed to prepare material for client meetings.
• Strong analytical, organizational, and communication skills are needed to meet meeting deadlines and solve client or administrative problems.
• Coursework completion towards obtaining a CFA or CFP designation.
• Requires expanded conceptual knowledge in own job discipline.
• Understands key business drivers; uses this understanding to accomplish own work.
• Explains complex information to others in straightforward situations.
• Experience:- 1-3 years of experience within the financial services industry.
• Provides informal guidance to new team members

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 employm