Associate Client Investment Officer at Northern Trust in Chicago, Illinois

Job Description:

Associate Client Investment Officer - OCIO, Retirement Plans Practice

SUMMARY
Outsourced Chief Investment Officer (OCIO) business offers world-class investment management combined with program oversight, manager research, customized program design, global custody and client servicing. The OCIO group serves a global client base including: corporate pension and retirement plans, foundations, endowments, healthcare organizations and government, family office/multi-family office, not-for-profit and public funds.

After carefully defining a client's return objective and risk tolerance, the OCIO team builds a customized multi-manager investment program diversified across multiple asset classes, managers and styles. The result is a comprehensive investment program that increases the probability of achieving a client's investment objectives over the long-term, while seeking to minimize risk and volatility of returns over the short-term. The integrated suite of investment solutions includes: actuarial services, asset/liability studies, cash flow analysis, investment policy design, asset allocation, investment manager research and selection, program construction, program monitoring and evaluation, portfolio rebalancing, performance measurement, risk management, defined benefit and defined contribution plan management, trust and custody services, and credit services.

SCOPE AND RESPONSIBILITIES

As a member of the Outsourced Chief Investment Officer("OCIO") team, the Associate Client Investment Officer is responsible for assisting senior staff in the management of client investment programs. Provide client servicing support as necessary. Review client portfolios daily and identify issues based upon understanding of client investment programs. Participate in client meetings when appropriate. The position is geared toward early career investment professionals with interest in acquiring the knowledge and skills to develop into Client Investment Officers.

Key duties and responsibilities include:

• Provides investment management support by maintaining awareness of portfolio asset allocation and construction and prepares review material for client meetings.
• Reviews client portfolios daily and identifies issues based upon understanding of client investment programs.
• Executes transactions to rebalance client investment programs and works with bank partners to post client buy/sell transactions.
• Partners with portfolio management team and manager research on all additions, replacements and removal of managers/investments from client programs
• Coordinates with performance team to analyze and prepare client portfolio information.
• Verifies data accuracy and completes all client deliverables in a timely manner while accommodating any unique client requirements or requests.
• Ensures client and process procedures are maintained and updated on a regular basis.
• Operates independently with in-depth knowledge of business unit / function.
• Carries out complex activities with significant financial, client, and business impact.
• Participates in client meetings, when appropriate
• Maintains awareness of Northern Trust's economic and market expectations

QUALIFICATIONS

• Excellent analytical, verbal, and written communication skills are required.
• In-depth knowledge of client servicing, investment, and/or portfolio management is required.
• Analytical and problem-solving skills are required.
• Technical skills / systems knowledge (e.g., Microsoft Office) is required.
• College degree required.
• 3 to 5 years' work experience preferred, ideally in investments, trading, operations.
• CFA candidate preferred.

ABOUT NORTHERN TRUST ASSET MANAGEMENT:

As a leading global asset management firm, our investment expertise, strength and innovation have earned the trust and confidence of the world's most sophisticated institutional and individual investors.

Northern Trust Asset Management is the 5th largest provider of U.S. outsourced assets under management (according to Pensions & Investments 2022 asset manager survey). With nearly $160 billion in OCIO assets (as of March 31, 2022), our sophisticated and client-centric approach has withstood the test of full market cycles going back to the late 1970s, enabling us to construct better-informed and time-tested portfolios for our clients. With nearly 500 investment professionals worldwide, our clients benefit from our deep experience utilizing real-time information from experts and practitioners in every major asset class to make forward-looking decisions. While not required, many clients also leverage Northern Trust's custody and banking services, which provides institutions with more efficiency when monitoring and engaging with their service partner(s). Ultimately, our objective is for each client to view their Northern Trust chief investment officer as a trusted partner and an extension of their investment staff.

WORKING WITH US:

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!

We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2022. We are also the Largest Manager of Worldwide Women, Minority, Disabled and Veteran Managed Assets, Pensions & Investments, 2022.

Northern Trust is an employer of distinction and here are a few more highlights:

• 5th Largest for Worldwide ESG Investment Management, Pensions & Investments, 2022 (2)
• Gender Equality Index Member, Bloomberg, 2022 (5th consecutive year)
• One of the World's Most Admired Companies by Fortune Magazine, 2022 (16th consecutive year)
• Top Financial & Banking Company, Black EOE Journal, 2022 (12th consecutive year) and Hispanic Network Magazine, 2022 (12th consecutive year)
• Diversity Champion, Investment News, 2021, 2022

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and ethical companies. Build your career with us and apply today .

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