Sr Investment Associate

About Northern Trust

With more than 135 years of financial experience and over 24,000 partners, Northern Trust is a global leader in wealth management, asset servicing, asset management and banking services.

The Sr. Investment Associate is responsible for all administrative aspects of a portfolio. This includes file set up on client accounts, ordering reports, processing physical stock and/or bond certificates, and preparing all material for client review meetings. The role supports investment management clients and Investment Advisors, formulates recommendations, and demonstrates mastery of proprietary tools.

• Ensures that portfolio materials are prepared for account review meetings with clients.
• Retrieves reports from the EDS, PIMS, IMS, and PAS systems.
• Sets‑up files with account documentation for existing or new clients (e.g., automatic payment, pledging securities, address changes, statements, investment guidelines, fees).
• Orders reports for portfolio managers or clients as requested.
• Communicates with clients and portfolio managers on client requests.
• Interacts with partners to receive and communicate information on all aspects of a client relationship or portfolio.
• Works with the tax area to research discrepancies and oversee adjustments on client accounts regarding tax cost issues.
• Responds to client inquiries for account information or to initiate transactions such as re‑registering gift stock, remitting proceeds, or selling gifts.
• Processes physical stock/bond certificates and completes DTC transfers.
• Follows‑up with client on inquiries via telephone or written correspondence.
• Processes client cash transfer requests, determines if funds are available, and contacts Investment Advisor if cash needs to be raised.
• Processes fund trades via CIT or all‑in‑one bank applications by established deadlines.
• Reviews and analyzes fee worksheets to ensure that fees are calculated appropriately.
• Adheres to National Investment Guidelines, feedback from the REV peer review process, and observes sound risk management practices.
• Proactively makes recommendations to support Investment Advisors.
• Participates in client meetings.
• Demonstrates mastery knowledge of the GDWM tool and can run it in client meetings.
• Solves problems in straightforward situations.
• Analyzes possible solutions using technical experience and judgment, following precedents.
• Impacts quality of own work and the work of others on the team.
• Works within guidelines and policies.

• Knowledge of investment products, services, and terminology usually obtained through on‑the‑job training.
• Strong analytical, organizational, and communication skills.
• Coursework completion towards obtaining a CFA or CFP designation.
• Expanded conceptual knowledge in own job discipline.
• Understanding of key business drivers and ability to use this knowledge to accomplish own work.
• Ability to explain complex information to others in straightforward situations.
• 1‑3 years of experience within the financial services industry.
• Provides informal guidance to new team members.

Salary Range: $74,200 - $126,200 USD (good faith estimate of base pay).

Benefits include 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 well‑being benefits. Northern Trust also offers a discretionary bonus program that may include an equity component.

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 does not sponsor applicants for U.S. work visa status for this opportunity.

Northern Trust is committed to providing equal employment opportunities to all employees and applicants. The company does not discriminate on the basis of race, color, religion, nationality, ethnicity, sex, age, disability, sexual orientation, veteran status or any other characteristic protected by federal, provincial or local law. Northern Trust also provides reasonable accommodations to individuals with health conditions and disabilities.

For reasonable accommodations, please contact the HR Service Center or your recruiter.