at Northern Trust Company in Chicago, Illinois, United States
Job Description
About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's 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 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
This is an office-based position and for the effective performance of this role, the duties and responsibilities must be carried out onsite.
The Investment Associate will be responsible for managing all administrative aspects of client portfolios. This includes preparing materials for client meetings, running various reports, demonstrating proficiency in using Goals Driven Wealth Management (GDWM), client file management, and processing physical stock and/or bond certificates. Works independently with minimal oversight from the Portfolio Advisor to complete all Portfolio Advisor and client requests. Responsible for supporting risk and compliance requirements for the team including proactively mitigating losses due to error. Identifies and raises issues before they become a concern. Manages the entire administrative function of client service teams' monthly REV and New Account review processes and documentation.
Key responsibilities include:
1.Prepares client presentations and ensures all portfolio materials are ready for clients' meetings. Creates custom asset allocations and reviews performance for accuracy. Identifies possible issues and amends prior to client meetings.
2. Communicates actively with clients and Portfolio Advisors on client requests. Develops clear understanding of clients' needs behind service requests and communicates to service partners. Obtains appropriate information from partners and clients to facilitate service changes or process transactions. Handles routine issues independently while engaging the appropriate Portfolio Advisor as needed.
3. Collaborates with the Client Service team on a regular basis to receive and communicate information on all aspects of a client relationship or portfolio.
4. Processes client cash requests. Determines account in which to raise funds and submit trades for approval by the Portfolio Advisor.
5. Analyzes client accounts based on client investment guidelines to identify issues. Rebalances portfolios with Portfolio Advisor guidance.
6. Manages client investment objective letters proactively for Portfolio Advisors such that they are updated before expiring.
7. Completes the GDWM training and demonstrates a proficient level of use.
8. Manages the entire process for the Client Service team's monthly compliance (REV) meeting.
9. Ensures that accounts have proper documentation and/or coding for existing or new clients (i.e., non-guidance holdings, concentration holdings, IPS forms, address changes, statement addresses, investment guidelines, fees, etc.) and ensures files are properly organized and maintained.
10. Runs various reports for Portfolio Advisors or clients, as requested.
11. Research tax costs issues and works with the tax department...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
