Associate Relationship Advisor, Wealth Management

Northern Trust • New York, NY

40d

About The Position

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service. The Associate Relationship Advisor bridges the roles of Account Manager and Relationship Advisor, managing select client accounts and supporting service teams with account management. The advisor ensures prompt and efficient service, resolves issues, communicates effectively with clients and partners, and maintains knowledge of relevant documents and financial offerings.

Requirements

• Minimum five years' experience in wealth or relationship management
• College degree or equivalent work experience preferred.
• Knowledge of financial products, accounting, investments, estate and financial planning, and fiduciary standards
• Strong analytical, negotiation, problem-solving, and communication skills
• Ability to explain complex information clearly.

Responsibilities

• Coordinates account management by ensuring timely execution and follow-up; responds to partner and client service requests by obtaining necessary information and documentation, communicating with clients and vendors as needed for issue resolution, and executes daily client activity. Maintains ongoing written and verbal communication with clients as appropriate for managing daily activity. Develops and maintains understanding of governing documents and account agreements.
• Manages a designated portfolio of wealth management clients by collaborating with clients and their advisors to fully understand client needs and objectives. Demonstrates knowledge of agency account agreements, governing documents, advisory practice services, and offerings (including estate and financial planning), capital markets, banking products, asset management, and investment principles. Shows developing understanding of fiduciary duties and relevant laws, including trust and tax law, asset management, and investment standards. Upon completion of training, knowledge of goals-driven wealth management and holistic advice while beginning to deliver these services to clients and prospects.
• Maintains familiarity with various NT resources and uses experience and available tools to identify opportunities to enhance relationships. Works cooperatively with internal partners and external advisors to assess client needs and solutions.
• Provides responsive client service with diplomacy and professionalism through regular written and verbal communication. Demonstrates time management skills.
• Supports service team members in business development activities, including preparing and presenting client materials, fostering relationships with referral sources and centers of influence, and identifying new business opportunities.
• Pursues continuous development of advisory skills through ongoing training and experience.

Benefits

• Northern Trust provides a comprehensive benefits package including retirement benefits (401k 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 and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Number of Employees: 501-1,000 employees