Municipal Bond 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 municipal bond portfolios for individual and institutional clients and funds, aligning investment decisions with client objectives, risk tolerance, tax considerations, and income needs. Apply municipal market expertise, disciplined portfolio construction, and strong technology skills to implement investment strategies, monitor risk and performance, and improve portfolio-management workflows. Communicate portfolio positioning and results clearly to clients and contribute to the ongoing development of investment analytics and processes.

• Municipal portfolio management:
  Manage municipal bond portfolios for fiduciary and agency accounts, high-net-worth individuals, pension accounts, and common funds in pursuit of client objectives and benchmark-relative performance, within established risk parameters and investment guidelines.
• Portfolio construction and trading:
  Implement investment strategy through municipal security selection, sector allocation, duration and yield-curve positioning, and specific trades. Incorporate credit quality, diversification, liquidity, maturities, calls, and reinvestment needs into portfolio decisions.
• Client objectives and guidelines:
  Work with clients to develop investment objectives and guidelines that reflect risk tolerance, tax considerations, and income needs. Align portfolio structure with those objectives, current investment policy, economic factors, and municipal market conditions.
• Risk and performance oversight:
  Evaluate appropriate performance benchmarks in accordance with established investment policy. Monitor portfolio returns, exposures, and positioning against the applicable benchmark and client guidelines; assess whether strategy remains appropriate as markets and client needs change.
• Technology and process improvement:
  Use portfolio-management systems and analytical tools to evaluate holdings, support trading decisions, monitor risk, and produce reports. Identify opportunities to improve data quality, streamline recurring workflows, and strengthen investment analysis.
• Client analysis and communication:
  Prepare portfolio analyses for existing and prospective clients. Lead periodic discussions of performance, positioning, strategy, and reporting, and respond to client inquiries.
• Market knowledge:
  Maintain current knowledge of municipal markets and fixed‑income developments through economic research, market contacts, and continuing education.

• A minimum of ten years of investment-management and financial-markets experience, including at least five years portfolio management and trading.
• Minimum of five years municipal fixed-income experience, including hands‑on portfolio management and trading, with demonstrated knowledge of municipal market structure, credit considerations, and portfolio risk.
• Knowledge of portfolio‑management theory, statistics, and quantitative methods in finance, with the ability to apply these disciplines to portfolio construction, risk…