Sr. Portfolio Advisor, Global Family Office Group

001 The Northern Trust Company; Chicago (IL); On-site; USD 165,000 - 225,000; Full time

Benefits offered by this job

401k and pension

Health benefits

Paid time off

Discretionary bonus

Job summary

Northern Trust seeks a Senior Portfolio Advisor for its Global Family Office Group in the United States. You will be the primary portfolio advisor for 10–15 family office portfolios and collaborate with clients and the broader team to implement investment strategies across asset classes.

The role requires deep experience with ultra-high net worth clients, sophisticated investment vehicles, and strong client engagement skills. A minimum of 15 years in investment-related roles is expected.

Qualifications

• Minimum 15 years of investment, asset allocation or research experience.
• Experience managing family office or ultra-high net worth portfolios with performance responsibility across multiple market cycles.
• Strong client engagement skills across multiple relationships and stakeholders.

Responsibilities

• Manage investment activities for a full set of large and sensitive high net worth personal trusts and individual investment portfolios.
• Develop, recommend, and direct the execution of investment allocations and manager selection for family office clients.
• Analyze and plan the overall investment strategy with continuous revision as goals and objectives change and in the context of client needs.
• Maintain an integral and influential presence within the client-facing team, ensuring communication of client requirements and coordinate portfolio activity.
• Consistently demonstrate mastery with new investment strategies, tools and capabilities, and portfolio research and investment methodologies.
• Lead client reporting and communication on a regular basis regarding investments.

Skills

Portfolio management

Client relationship management

Investment strategy

Communication skills

Team collaboration

Tools

NT Wealth Platform

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.

Job Title

Sr. Portfolio Advisor, Global Family Office Group

Job Description

Northern Trust’s Global Family Office Group is a 40-year-old full-service family office provider— investment and non-investment related – and manages $200bn for 500+ families globally. The GFO Investment Practice is part of the Northern Trust Wealth Management business and leverages the NT Wealth Management investment platform. This position will be the primary portfolio advisor for 10–15 family office portfolios over time, with numerous beneficiaries and interested parties within each relationship.

The role requires familiarity with family office structures, trust types, sophisticated investment vehicles, and all investment asset classes. The SPA also partners closely with Northern Trust Asset Management OCIO partners on client relationships and investment implementation.

Primary Responsibilities

• Manage investment activities for a full set of large and sensitive high net worth personal trusts and individual investment portfolios
• Develop, recommend, and direct the execution of investment allocations and manager selection for family office clients.
• Analyze and plan the overall investment strategy with continuous revision as goals and objectives change and in the context of client needs, working closely and proactively with the broader client service team to identify and execute on various investment-related responsibilities.
• Maintain an integral and influential presence within the client-facing team, ensuring communication of client requirements and coordinate portfolio activity.
• Consistently demonstrate mastery with new investment strategies, tools and capabilities, and portfolio research and investment methodologies
• Lead client reporting and communication on a regular basis regarding investments.

Internal Platform and Team Expectations

Accountable for personal adherence to best practices as measured by the PM Dashboard and related reporting. Accountable for personal execution of initiatives, new capability rollouts, and required investment training as the GFO investment platform further develops. Partner with compliance peers to ensure sound governance and risk management processes in investment implementation. Serve as a strong team player with a collaborative approach who is excited to be part of a fast-growing, highly successful team serving Northern Trust Wealth Management's largest family office clients. Act as an individual contributor with no management responsibility but is expected to continuously contribute to progress and best practice development alongside the investment team.

Knowledge and Experience

Knowledge of investment and portfolio management theory and execution options, accounting and financial principles, associated investment strategies and instruments, and all asset classes.

Experience managing family office or ultra-high net worth portfolios with performance responsibility across multiple market cycles, including experience advising clients in protracted down markets. Strong alternatives experience across all asset classes at the fund/manager level and deep client engagement skills are required.

The successful candidate will have the ability to translate complexity into simplicity for individuals in the format that works best for them, and the ability to lead client investment relationship reviews, set agendas, and drive toward investment goals.

Experience

Minimum 15 years of investment, asset allocation or research experience, alongside client experience in an ultra high net worth or family office setting.

Salary Range

$164,600.00 - $225,000.00 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.

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.

Terms and Conditions

Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

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. EEO Know Your Rights (U.S.)