Investment Associate, Wealth Management

Koitecc Solutions; Chicago, Northern (IL, KY); Hybrid; USD 56,000 - 89,000; Full time

Job summary

Northern Trust seeks an Investment Associate to manage administrative tasks for portfolios, coordinate client-ready materials, and support the investment team. You will work under Portfolio Advisors to fulfill client requests and ensure accurate, timely service.

The role emphasizes attention to risk, compliance, and efficient processes, with opportunities to interact with clients and coordinate monthly reviews as part of a collaborative team.

Qualifications

• Knowledge of investment products, services and terminology is required.
• Strong analytical, organizational, and communication abilities are essential.
• Proficiency with multiple systems and attention to detail are needed.

Responsibilities

• Prepare portfolio materials for client review meetings.
• Order reports for portfolio advisors or clients as requested.
• Communicate with clients and portfolio advisors to fulfill requests and ensure follow-up.
• Interact with team members to relay information on client relationships and portfolios.
• Respond to client inquiries regarding account information or transactions.
• Follow up with clients via phone or written correspondence.
• Verify funds availability for transfers and notify the portfolio advisor if needed.
• Adhere to investment guidelines and risk management practices.
• Provide solutions to uncommon or complex problems using established procedures.
• Support team efficiency by refining work practices and processes.
• Act as primary contact for smaller relationships and clarify investment objectives.
• Present predetermined material during client meetings to enhance skills.

Skills

Investment knowledge

Analytical skills

Communication skills

Financial services experience

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, prepares all material for client review meetings. Works under the direction of the Portfolio 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 Compliance (REV) and New Account Review processes and documentation.

Key responsibilities

1. Ensures that portfolio materials are prepared for account review meetings with clients.
2. Orders reports for portfolio advisors or clients as requested.
3. Communicates with clients and portfolio advisors on client requests and ensures follow-up with client requests.
4. Interacts with partners, primarily administratively, on a daily basis to receive and communicate information on all aspects of a client relationship or portfolio.
5. Responds to client inquiries for account information or to initiate transactions requested by the client.
6. Follows-up with client on inquiries via the telephone or written correspondence.
7. Determines if funds are available in the investment account for cash transfers. Contacts portfolio advisor if cash needs to be raised.
8. Adheres to National Investment Guidelines, feedback from the REV peer review process, and observes sound risk management practices.
9. Provides solutions to problems in situations that are atypical or infrequently occurring based on practice and existing precedents or procedures.
10. Improves the quality, timeliness and effectiveness of the team; uses discretion to modify work practices and processes to achieve results or improve efficiency.
11. Acts as the primary contact for smaller relationships and be the one who calls to confirm investment objectives and answers less-complex investment questions.
12. Presents pre-determined material during client meetings in order to improve one's skills.

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 deadlines and solve client or administrative problems in an error-free manner.
• Proficiency in learning multiple systems required to perform role is needed.
• Requires a broad understanding of the job and applies skills and knowledge in a range of processes, procedures and systems or requires deep skills in a single area.
• Understands how the team integrates with others to accomplish team objectives.
• Explains detailed and/or complicated information within the team.
• 0-2 years of experience within the financial services industry.
• May act as an informal resource for team members with less experience

Salary Range

$55,800 - 89,400 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.

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 [e-mail] , or alternatively you can discuss your individual requirements with the recruiter you are working with.