Senior Portfolio Advisor
Senior Portfolio Advisor
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$ 220685 - 386055
1 Vacancy
Job Description
About Northern Trust:
Northern Trust a Fortune 500 company is a globally recognized awardwinning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the worlds most successful individuals families and institutions by remaining true to our enduring principles of service expertise and integrity. With more than 130 years of financial experience and over 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.
Job Summary:
Manages a full book of major fee revenue producing investment accounts generally for large and sensitive personal trust relationships and individual investors with wealth profiles between $10 200 million. Operates within the framework of our Goals Driven Wealth Management technology for personal wealth clients and the underlying trust document for fiduciary accounts to develop customized investment programs and select investment strategies designed to achieve specific investor goals. Functions as a senior staff member and technical expert in the peer review and/or investment management process. Assignments involve a high level of client servicing serving as the sole investment advisor and being a primary client contact partner.
Major Duties:
1. Manages investment activities for fee revenue producing accounts representing the investment oversight on large and sensitive high net worth individuals and families trust appointments and court appointed accounts.
2. Manages accounts that often require complex decision making or special handling (e.g. nature of relationship size/type of assets managed sensitive client issues fiduciary requirements understanding tax considerations multigenerational structures and coordinating shared authority with outside attorneys/consultants/trustees).
3. Develops recommends and directs the of investment programs designed to achieve investment objectives for accounts or family relationships. Reviews and analyzes investment portfolios to develop the appropriate asset allocation and select underlying investment strategies with an understanding of the clients/beneficiaries preferences.
4. Ascertains the purpose or intentions of the trust/agency agreement and the level of investment authority granted to the trustee/agent. Analyzes and plans the overall investment strategy of the trust/agency account(s) with continuous revision of account objectives in the context of client needs.
5. Source new business leads and opportunities from your clients COIs community engagement and personal network. Performs financial or investment analysis on specific individual assets or portfolios as needed.
6. Maintains extensive and regular contact with personal trust relationship managers your clients cotrustees consultants the banks legal area and outside attorneys to ensure communication of trust/agency requirements and coordinate investment portfolio activity.
7. Maintains a current awareness of new investment strategies and instruments through regular contact with the investment research team and other industry professionals as well as through personal research.
8. Functions as senior staff member and/or technical expert on a peer review team providing regular review of portfolio activities and in the investment management oversight process. Serves on standing investment services committees and on ad hoc unit committees as appropriate.
9. Direct participant in the development of new investment business with Wealth Advisory Team Wealth Strategists and Managing Director by preparing developing and delivering presentations that include GDWM investment proposals market/investment outlooks and discussions on our personal investment services with prospects COIs and leads.
10. Ensures the completion of all training curriculum compliance reporting and investment trade processing is handled timely with sense of care and accuracy on your assigned accounts.
Qualifications:
Candidates should have 10 or more years of investment experience which may include research in which consistent long term investment performance has met objectives. Knowledge of investment and portfolio management theory accounting and financial principles associated investment strategies and instruments and characteristics of various marketplaces usually acquired through formal education and work experience is required to manage portfolios. Knowledge of investment terminology the laws and regulations governing trust investments and taxation as well as the banks investment policies procedures and strategies usually acquired through work experience and formal education is required to operate within the framework of trust documents
Excellent communication client servicing and business development skills. Proven decision making sales and negotiating skills are required to guide sensitive or difficult situations to resolution. In terms of credentials completion of any of the following is highly preferred: MBA and or CFA CFP CIMA CPWA and CAIA. Prior experience as a Personal Investment Portfolio Manager for ultrahigh net worth clients is strongly preferred.
Salary Range:
$USDSalary 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 wellbeing benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Working with Us:
As a Northern Trust partner greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged senior leaders are accessible and you can take pride in working for a company committed to assisting the communities we serve!Join a workplace with a greater purpose.
Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply today.#MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process please email our HR Service Center at .
We hope youre excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
Required Experience:
Senior IC
Employment Type
Full-Time
