Quantitative Fixed Income Portfolio Manager

Northern Trust • Chicago, IL

1d

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. Position Summary: Northern Trust Asset Management (NTAM) is a trillion-dollar investment management firm entrusted by investors around the globe to help them navigate changing market environments, so they can confidently realize their long-term objectives. Based in Chicago, this Quantitative Fixed Income Portfolio Manager’s responsibilities include but are not limited to performing day-to-day portfolio management functions, participate in team trading discussions, evaluate the risk and positioning of strategies, build and implement trades as required, interact with partners in quant research, operations, front and middle office on issues critical to portfolio management, and support the client relationship and sales process. The role reports to the Head of Quantitative Fixed Income Portfolio Management and works in concert with global teams and specialists to support the NTAM investment process. What you will do: Manage quantitative portfolios to meet strategy objectives specified within the investment guidelines, regulatory framework, and corporate policies. This includes collaborating with other portfolio managers to create and execute trades, transact client cash flows, and make corporate action elections Lead and/or participate in projects of factor development, model design, portfolio construction, and risk management Represent the portfolio management team on various internal global projects and initiatives including technology migrations, internal research, and oversight of outsourced activities Build and maintain portfolio management tools used to analyze and research quantitative investment strategies Produce and/or analyze reports on portfolio performance, risk characteristics, and strategy updates Monitoring strategy implementation including transaction cost management. Review and/or create operating procedures for the portfolio management function incorporating internal global practices as well as business continuity and oversight standards Build and refine performance monitoring tools and dashboards Assist partners with client service and business development efforts

Requirements

• Bachelors’ degree (graduate degree preferred)
• 5+ years of experience in the investment management industry, with a proven track record in investment analysis at mid-to-large firms.
• Experience as part of a global investments organization
• Minimum of 3+ years of experience in quantitative investing across portfolio management and research
• Proficiency with portfolio management, operations, and 3rd party market data systems including Aladdin™, portfolio optimization tools, Eagle, and Bloomberg
• Strong understanding of: Factor models Portfolio optimization, risk models and trade cost modeling Performance attribution and signal evaluation
• Strong Python skills; ability to work with large datasets (SQL preferred) and production research code
• Innovative, intellectually driven, with an intense curiosity about financial markets and human behavior.
• Strong analytical, communication, and interpersonal skills
• Strong verbal and written communications skills

Nice To Haves

• CFA designation preferred but not required.
• Knowledge of ESG and sustainable investing issues and best practices are preferred

Responsibilities

• Manage quantitative portfolios to meet strategy objectives specified within the investment guidelines, regulatory framework, and corporate policies.
• This includes collaborating with other portfolio managers to create and execute trades, transact client cash flows, and make corporate action elections
• Lead and/or participate in projects of factor development, model design, portfolio construction, and risk management
• Represent the portfolio management team on various internal global projects and initiatives including technology migrations, internal research, and oversight of outsourced activities
• Build and maintain portfolio management tools used to analyze and research quantitative investment strategies
• Produce and/or analyze reports on portfolio performance, risk characteristics, and strategy updates
• Monitoring strategy implementation including transaction cost management.
• Review and/or create operating procedures for the portfolio management function incorporating internal global practices as well as business continuity and oversight standards
• Build and refine performance monitoring tools and dashboards
• Assist partners with client service and business development efforts

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
• Number of Employees: 5,001-10,000 employees