Multi Asset Portfolio Specialist

About Northern Trust

Northern Trust (Nasdaq: NTRS) is a global leader in wealth management, asset servicing, asset management and banking services, guiding the world's most successful individuals, families, corporations and institutions. With more than 135 years of experience and over 24,000 partners, we serve sophisticated clients using leading technology and exceptional service.

We are seeking a talented, highly motivated Multi‑Asset Portfolio Specialist to join our Multi‑Asset Investments team in Chicago, IL. The role serves as a critical link between investment professionals, clients, and distribution partners, articulating investment philosophy, portfolio positioning, market views, and construction capabilities.

• Develop deep expertise across the firm's multi‑asset investment capabilities, including strategic and tactical asset allocation, portfolio construction, ETF model portfolios, and risk management.
• Partner with portfolio managers and research teams to understand and communicate investment decisions, portfolio positioning, and performance outcomes.
• Translate complex investment concepts into compelling and accessible client narratives.
• Participate in investment committee discussions, portfolio reviews, and market outlook conversations.
• Present portfolio positioning, market outlooks, performance attribution, and investment process to institutional and wealth clients.
• Support RFPs, DDQs, and client inquiries; work closely with relationship managers and sales teams to identify opportunities and strengthen client relationships.
• Develop client‑facing investment commentary, market insights, white papers, presentation materials, and portfolio updates.
• Contribute to investment thought leadership across asset allocation, macroeconomics, portfolio construction, and market developments.
• Provide feedback on product development and competitive positioning based on client interactions and market trends; support product launches and enhancements by developing investment narratives and client communication materials.
• Analyze portfolio performance, attribution, risk exposures, and implementation outcomes; support development of portfolio analytics and reporting materials.

• Bachelor’s degree in Finance, Economics, Business, Mathematics, or related field.
• 5+ years of experience in asset management, multi‑asset investing, portfolio management, research, or portfolio specialist/client portfolio management roles.
• Strong understanding of capital markets, asset allocation, portfolio construction, and investment management.
• Excellent written and verbal communication skills with ability to present to sophisticated investors.
• Strong analytical capabilities and ability to interpret portfolio and market data.
• Demonstrated ability to collaborate across investment, product, and distribution teams.
• Preferred: CFA designation or progress toward CFA Charter.
• Experience working with institutional investors, pension plans, endowments, foundations, family offices, or wealth management platforms.
• Knowledge of alternative investments, including private equity, private credit, and real assets.
• Experience supporting model portfolios, multi‑asset, target‑date, OCIO, or outsourced investment solutions.

USD 137,400 – 233,600 per year (base pay estimate). Salary range is a good‑faith estimate of compensation.

• Retirement benefits (401(k) and pension)
• Health and welfare benefits (medical, dental, vision, spending accounts, disability)
• Paid time off, parental and caregiver leave
• Life & accident insurance
• Other voluntary and well‑being benefits
• Discretionary bonus program, which may include an equity component

Applicants must be authorized to work in the U.S. without 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 accommodating individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please contact our HR Service Center at

It is the policy of Northern Trust 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.