Sr Investment Associate

Northern Trust•Houston, TX

About The Position

The Sr Investment Associate supports Investment Advisors and portfolio managers by preparing client account review materials, managing account documentation, responding to client requests and inquiries, and processing account transactions. The role retrieves and orders reports from internal systems, helps research tax-cost discrepancies, reviews fee calculations, and follows established investment guidelines and risk-management practices. The associate begins to make recommendations in support of Investment Advisors and to participate in client meetings, including using the GDWM tool. The position also provides informal guidance to new team members and works within established guidelines and policies.

Requirements

1–3 years of experience in the financial services industry.
Knowledge of investment products, services, and terminology, generally acquired through on-the-job training.
Strong analytical, organizational, and communication skills.
Coursework completed toward obtaining a CFA or CFP designation.
Expanded conceptual knowledge in the role’s job discipline.
Understanding of key business drivers and the ability to apply that understanding to one’s work.
Ability to explain complex information to others in straightforward situations.
Applicants must be authorized to work in the U.S. without needing employment-based visa sponsorship now or in the future.

Responsibilities

Prepare portfolio materials for client account review meetings and retrieve reports from EDS, PIMS, IMS, and PAS systems.
Set up and maintain account files and documentation for new and existing clients, including automatic payments, securities pledges, address and statement changes, investment guidelines, and fees.
Order reports for portfolio managers and clients as requested.
Communicate with clients and portfolio managers about client requests and ensure portfolio managers follow up on those requests.
Interact with partners to receive and communicate information about client relationships and portfolios.
Work with the tax area to research discrepancies and oversee adjustments to client accounts involving tax-cost issues.
Respond to client inquiries and initiate requested transactions, such as re-registering gift stock, remitting proceeds, or selling gifts.
Process physical stock and bond certificates and complete DTC transfers.
Follow up with clients on inquiries by telephone or written correspondence.
Process client cash-transfer requests, determine whether investment-account funds are available, and contact the Investment Advisor if cash needs to be raised.
Process fund trades through CIT or all-in-one bank applications by established deadlines.
Review and analyze fee worksheets to ensure fees are calculated appropriately.
Adhere to National Investment Guidelines, REV peer-review feedback, and sound risk-management practices.
Begin proactively making recommendations to support Investment Advisors and participate in client meetings.
Demonstrate mastery of the GDWM tool and use it in client meetings.
Provide informal guidance to new team members.
Solve problems in straightforward situations, analyze possible solutions using technical experience and judgment, and work within guidelines and policies.