Fixed Income Portfolio Manager

Northern Trust • Chicago, IL

2d • Onsite

About The Position

About Northern Trust 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. About Northern Trust Asset Management We are a premier asset management firm, focusing on delivering unique insights and superior risk-adjusted returns in partnership with our clients. Global Fixed Income Our research and portfolio management teams are fully integrated because we believe the combination of these skill sets and perspectives directly benefits our clients. Portfolio managers bring market knowledge of the structural and fundamental drivers of asset classes, sectors, and individual credits acquired through years of experience and research. Fundamental researchers provide a deeper analysis of individual issuers, examining risk and return opportunities across the entire capital structure while also incorporating non-financial risks into their analysis. Quantitative researchers provide a complementary skill set in the form of higher-level quantitative and programming skills that are applied to the development and improvement of both our security selection and overall investment processes. The combination of these skills sets, combined with our macroeconomic research and scenario analysis, provides for a sophisticated, intuitive, and fundamental approach to making investment decisions. We view ourselves as managers of risk with our analytics integrated into our investment process, providing the common language we all speak. In addition to vendor systems, we have also built proprietary tools that allow our teams to accurately define and measure key risks. Our investment team is supported by a robust infrastructure of traders, operations, client service, and dedicated risk management and systems professionals who provide the framework upon which our overall business is supported. The Role The successful candidate will be responsible for developing, directing, and executing investment strategy as part of Northern Trust’s fundamental multi-sector bond platform.

Requirements

• At least 5 years of active fixed income portfolio management experience
• Corporate credit-specific fundamental knowledge
• A demonstrated 1-3-5 year investment track record a strong plus
• Knowledge of structural economic principles and trends across various markets, the roles of various industry participants, as well as management techniques related to retail and institutional portfolios, including risk management, monitoring, and reporting
• A creative thinker who prides him/herself on independent thinking and uncovering hidden opportunities.
• Strong quantitative, financial analysis and problem-solving skills
• Strong presentation and writing skills and the ability to clearly communicate portfolio features and articulate investment philosophy and process, portfolio holdings, and the rationale behind portfolio construction.
• Ability to demonstrate investment credibility.
• Proficiency in Excel and Bloomberg.
• Familiarity with machine learning and AI tools.
• Ability to code in Python and/or develop analytics using AI methods a strong plus.
• Collaborative and team-oriented with superior interpersonal skills
• Respectful of others and the collective goals of the Fundamental Team and Global Fixed Income group overall
• A keen passion for his/her work, matched with a high level of intellect, curiosity, humility, drive, and energy
• Result-oriented, focus on quality delivery, determination, and confidence to succeed
• Self-taught, intellectually curious, confident, high-conviction, ability to think on his/her feet
• Unquestionable professional integrity and ethics

Nice To Haves

• Masters’ Degree / MBA or industry certifications (CFA, CAIA etc.) preferred.

Responsibilities

• Serve as portfolio manager and thought leader on multi-sector strategies within NTAM’s taxable fixed income team, working independently to contribute investment ideas. The primary sector focus will be on corporate credit valuation. Portfolio construction decisions will involve securitized assets and interest rate strategy as well.
• Monitor and report on market and economic conditions, propose appropriate investments, and participate in portfolio construction, all within a fundamental risk-aware context, in a manner consistent with each client’s investment objectives.
• Maintain alignment of risk exposures across portfolios with common objectives
• Analyze and report on the performance of each portfolio’s relative to its respective benchmark, including risk-adjusted excess returns, performance attribution, and actual tracking error vs. expected.
• Contribute to team’s disciplined investment philosophy
• Assist in the development of new portfolio strategies through evaluation of fixed income market structural dynamics, with a focus on the evolution of fundamental risk factors, the introduction of innovative investment products, and the changing behavior of major market participants
• Design and develop prototypes to systematize investment decision workflows.
• Work in close coordination and partnership with all global fixed income staff
• Engage with our most sophisticated clients for new business and existing relationships
• Establish and maintain professional contacts within the Fixed Income industry to further develop market knowledge and expertise

Benefits

• 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
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior