Quantitative Equity Portfolio Manager

Northern Trust • Chicago, IL

1d • Onsite

About The Position

Manage personalized, tax-aware equity portfolios for high-net-worth, family-office and institutional clients, combining quantitative portfolio construction, disciplined implementation, risk oversight and direct client engagement.

Requirements

• Strong knowledge of equity markets, modern portfolio theory, quantitative portfolio construction, statistics, risk management and the tax implications of investment decisions
• Ability to interpret optimization results, risk models, tracking error, factor exposures, transition analyses and pre- and after-tax performance
• Sound investment judgment, attention to detail, control discipline and the ability to manage a diverse portfolio load within a systematic workflow
• Clear communication and a collaborative, client-focused approach across investment, distribution and control functions
• Bachelor’s degree in finance, economics, mathematics, statistics, engineering, computer science or a related field
• 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

• An advanced degree is valued
• CFA designation or meaningful progress toward the CFA is preferred; relevant CFP, CPA or graduate credentials are also valued
• Experience with SMAs, tax-aware portfolios, direct indexing, quantitative equity or customized portfolios is strongly preferred.
• Long/short equity, margin, securities lending or prime-broker experience is desirable

Responsibilities

• Review portfolios and optimization outputs daily to identify tax-loss-harvesting, cash-management, rebalancing and risk-control opportunities
• Construct and rebalance portfolios to client-directed benchmarks and customized objectives while managing tracking error, transaction costs, wash-sale considerations, and cash flows
• Develop and review transition analyses for cash-funded, in-kind, appreciated and concentrated portfolios; evaluate gain budgets, tax/risk trade-offs and gradual diversification paths
• Implement client restrictions, sustainability screens; monitor pre- and after-tax performance, tax alpha, risk, exceptions and guideline compliance.
• Coordinate with trading, research, technology, operations, performance, risk, compliance, legal and tax partners; document material decisions and escalate complex issues appropriately
• Explain portfolio decisions, customization and outcomes to clients, advisors, consultants and internal partners; participate in prospect meetings, due diligence, education and marketing activities
• Contribute to research, product development and scalable workflows across direct indexing, tax-aware quantitative strategies, concentrated-stock diversification and, where applicable, long/short tax-loss-harvesting solutions

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