Investment Associate, Wealth Management

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

Benefits offered by this job

401k and pension

Health and welfare benefits

Paid time off

Parental and caregiver leave

Life & accident insurance

Discretionary bonus program

Job summary

Northern Trust in Chicago seeks an Investment Associate to handle all administrative aspects of a portfolio and support the Portfolio Advisor with client requests. The role includes preparing materials for reviews, ordering reports, and ensuring timely follow-up with clients.

The successful candidate will have knowledge of investment products, strong analytical and organizational skills, and the ability to learn multiple systems. 0–2 years in financial services is typical for this position.

Qualifications

• 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.

Responsibilities

• Prepares portfolio materials for account review meetings with clients.
• Orders reports for portfolio advisors or clients as requested.
• Communicates with clients and portfolio advisors on client requests and ensures follow-up.
• Interacts with partners on a daily basis to receive and communicate information on client relationships or portfolios.
• Responds to client inquiries for account information or to initiate transactions requested by the client.
• Follows up with clients on inquiries via telephone or written correspondence.
• Determines if funds are available in the investment account for cash transfers and contacts the portfolio advisor as needed.
• Adheres to National Investment Guidelines and risk management practices.
• Provides solutions to problems in atypical situations based on precedent.
• Improves team quality, timeliness and efficiency; modifies work practices to achieve results.
• Acts as primary contact for smaller relationships and confirms investment objectives.
• Present pre-determined material during client meetings to improve skills.

Skills

Analytical skills

Organizational skills

Communication

Learning multiple systems

Financial services knowledge

Client communication

Tools

CRM systems

Report preparation tools

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 include:

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. Present 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.

Benefits

• 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
• 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.

Looking for greater? You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status.