Sr Investment Associate Job Chicago area,Illinois USA,Finance & Banking

Sr. Investment Associate

The Sr. Investment Associate will be 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. Works independently to support the investment management clients and Investment Advisors, formulates recommendations proactively, and demonstrates mastery knowledge of proprietary tools to contribute to client meetings.

Responsible for supporting risk and compliance requirements for the team, including mitigating losses due to error and being mindful of possible contingencies. Coordinating and supporting investment or client service teams’ monthly REV and New Account Review processes and documentation as directed by supervisor.

Key Responsibilities

Ensures that portfolio materials are prepared for account review meetings with clients. Retrieves reports, desired by portfolio managers or requested by clients, from EDS, PIMS, IMS, and PAS systems.

Sets up files with account documentation for existing or new clients (including automatic payments, pledging securities, address changes, statement addresses, investment guidelines, fees, etc.).

Orders reports for portfolio managers or clients as requested.

Communicates with clients and portfolio managers on client requests, ensuring that portfolio managers follow up with client requests.

Interacts with partners, primarily administratively, on a daily basis 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 requested by the client (e.g., re-register gift stock, remit proceeds, sell gifts). Processes physical stock/bond certificates and completes DTC transfers.

Follows up with client inquiries via telephone or written correspondence.

Processes client cash transfer requests, determines if funds are available in the investment account, and contacts the 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 fees are calculated appropriately.

Adheres to National Investment Guidelines, feedback from the REV peer review process, and observes sound risk management practices.

Begins to proactively make recommendations to support the Investment Advisors.

Begins to have a role 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, judgment, and precedents.

Impacts quality of own work and the work of others on the team.

Works within guidelines and policies.

Qualifications

Knowledge of investment products, services, and terminology, usually obtained through on-the-job training, to prepare material for client meetings.
Strong analytical, organizational, and communication skills to meet meeting deadlines and solve client or administrative problems.
Coursework completion towards obtaining a CFA or CFP designation.
Expanded conceptual knowledge in own job discipline.
Understanding of key business drivers and using this understanding 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, USD. Northern Trust provides a comprehensive benefits package including retirement benefits (401(k) 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 programs.

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