Quantitative Equity Portfolio Manager

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure:
Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Manage personalized, tax-aware equity portfolios for high-net-worth, family-office and institutional clients, combining quantitative portfolio construction, disciplined implementation, risk oversight and direct client engagement.

• Review portfolios and optimization outputs daily to identify tax-loss-harvesting, cash-management, rebalancing and risk-control opportunities
• Construct and rebalance portfolios to client-directed benchmarks and customized objectives while managing tracking error, transaction costs, wash-sale considerations, and cash flows
• Develop and review transition analyses for cash-funded, in-kind, appreciated and concentrated portfolios; evaluate gain budgets, tax/risk trade-offs and gradual diversification paths
• Implement client restrictions, sustainability screens; monitor pre- and after-tax performance, tax alpha, risk, exceptions and guideline compliance.
• Coordinate with trading, research, technology, operations, performance, risk, compliance, legal and tax partners; document material decisions and escalates complex issues appropriately
• Explain portfolio decisions, customization and outcomes to clients, advisors, consultants and internal partners; participate in prospect meetings, due diligence, education and marketing activities
• Contribute to research, product development and scalable workflows across direct indexing, tax-aware quantitative strategies, concentrated-stock diversification and, where applicable, long/short tax-loss-harvesting solutions

• Strong knowledge of equity markets, modern portfolio theory, quantitative portfolio construction, statistics, risk management and the tax implications of investment decisions
• Ability to interpret optimization results, risk models, tracking error, factor exposures, transition analyses and pre- and after-tax performance
• Sound investment judgment, attention to detail, control discipline and the ability to manage a diverse portfolio load within a systematic workflow
• Clear communication and a collaborative, client-focused approach across investment, distribution and control functions

Approximately 5-8 years of relevant experience in investment management, equity portfolio management, quantitative research, securities analysis, trading or investment technology; title and level may be calibrated to experience. Bachelor’s degree in finance, economics, mathematics, statistics, engineering, computer science or a related field; an advanced degree is valued CFA designation or meaningful progress toward the CFA is preferred; relevant CFP, CPA or graduate credentials are also valued.

Experience with SMAs, tax-aware portfolios, direct indexing, quantitative equity or customized portfolios is strongly preferred. Long/short equity, margin, securities lending or prime-broker experience is desirable.

Disciplined implementation aligned with client objectives; effective management of tax outcomes, tracking…