Investment Associate

Northern Trust • New York, NY

1d • $64,170 - $102,810 • Onsite

About The Position

Northern Trust is a global leader in wealth management, asset servicing, asset management, and banking services. Since 1889, the company has been guided by its principles of Service, Expertise, and Integrity. With over 135 years of financial experience and more than 24,000 partners, Northern Trust serves sophisticated clients using leading technology and exceptional service.

Requirements

• Knowledge of investment products, services, and terminology, usually obtained through on the job training, are needed to prepare material for client meetings.
• Strong analytical, organizational, and communication skills are needed to meet meeting deadlines and solve client or administrative problems.
• Proficiency in learning multiple systems required to perform role is needed.
• Requires a broad understanding of the job and applies skills and knowledge in a range of processes, procedures and systems or requires deep skills in a single area.
• Understands how the team integrates with others to accomplish team objectives.
• Explains detailed and/or complicated information within the team.
• 0-2 years of experience within the financial services industry.
• Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.

Nice To Haves

• May act as an informal resource for team members with less experience

Responsibilities

• Responsible for all administrative aspects of a portfolio, including file setup, ordering reports, processing physical stock and/or bond certificates, and preparing materials for client review meetings.
• Works under the direction of the Investment Advisor to complete all client requests.
• Supports risk and compliance requirements for the team, including mitigating losses due to error and being mindful of possible contingencies.
• Coordinates and/or supports investment or client service teams’ monthly REV and New Account Review processes and documentation.
• Ensures that portfolio materials are prepared for account review meetings with clients by retrieving reports from various systems (EDS, PIMS, IMS, and PAS).
• Sets up files with account documentation for existing or new clients, including automatic payments, pledging securities, address changes, statement addresses, investment guidelines, and fees.
• Orders reports for portfolio managers or clients as requested.
• Communicates with clients and portfolio managers regarding client requests and ensures follow-up.
• Interacts with partners on a daily basis to receive and communicate information on client relationships or portfolios.
• Works with the tax area to research discrepancies and oversee adjustments on client accounts regarding tax cost issues.
• Responds to client inquiries for account information or to initiate transactions, processes physical stock/bond certificates, and completes DTC transfers.
• Follows up with clients on inquiries via telephone or written correspondence.
• Processes client cash transfer requests, determining fund availability and contacting the portfolio manager if cash needs to be raised.
• Processes fund trades via CIT or all-in-one bank applications by established deadlines.
• Reviews and analyzes fee worksheets to ensure appropriate fee calculation.
• Adheres to National Investment Guidelines, feedback from the REV peer review process, and observes sound risk management practices.
• Provides solutions to problems in situations that are atypical or infrequently occurring based on practice and existing precedents or procedures.
• Impacts the quality, timeliness, and effectiveness of the team; uses discretion to modify work practices and processes to achieve results or improve efficiency.

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: Entry Level
• Education Level: No Education Listed