Investments Business Manager

Northern Trust • Chicago, IL

5d

About The Position

About Northern Trust: 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. Role Overview: The Investments Business Manager is a senior role embedded within the Investments organization, acting as the operational and execution lead across asset classes. The role reports directly to the Global Co-CIOs and works in close partnership across investment teams ensuring disciplined execution, scalable processes, and effective cross-functional coordination.

Requirements

• Deep understanding of investment management across one or more asset classes.
• Experience in business management, COO, or operating roles within an asset management or investment organization.
• Strong program and change management capabilities, particularly in technology-enabled environments.
• Demonstrated ability to partner with senior investment professionals and influence without authority.
• Exceptional communication, leadership, and problem-solving skills.

Nice To Haves

• Minimum five years related experience as an investor, investment analyst, or portfolio manager.
• Experience working with investment platforms (e.g., Aladdin or equivalent).
• Technical fluency in data, analytics, or programming tools (e.g., SQL, Python).

Responsibilities

• Serve as the day-to-day business and operating lead for investment teams across asset classes (Fixed Income, Equities, Multi-Asset).
• Provide oversight of investment processes, ensuring continuous improvement, risk reduction, and scalability.
• Own prioritization and execution of the investment change agenda, including technology, data, and process initiatives.
• Accountable for driving projects to success and completion as per the businesses time, resource and budget expectations.
• Represent the Investments organization and act as the primary liaison between Investments and Technology, translating investment needs into executable requirements.
• Partner with Portfolio Managers, Traders, and Researchers on new strategy development, fund launches, and process design.
• Oversee coordination with Operations, Risk, Compliance, and Finance to ensure strong operational integrity, issues are escalated and addressed proactively and regulatory adherence.

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: Senior
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees