Associate Equity Portfolio Manager at Northern Trust in Chicago, Illinois

Job Description:

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:

The candidate will manage equity portfolios in a tax-sensitive manner against a range of domestic and international indexes for institutional and high net worth individuals. The candidate will participate in new business development efforts and contribute to research efforts aimed at product expansion.

Knowledge/Skills:

• Knowledge of modern portfolio management theory and applications, as well as statistics and quantitative methods in finance acquired through formal education.

• Knowledge of tax implications of investment decisions.

• Knowledge of securities markets acquired through work experience and formal education.

• Analytic, organizational and communication skills are required to successfully manage a diverse load of client portfolios.

• Team orientation and ability to engage with external groups (e.g. sales, client servicing, technology, trading desk, performance analysts, and back-office.)

Major Duties:

• Uses portfolio optimization tools to create and rebalance portfolios based on index and model changes as well as in response to tax management opportunities. Communicates trade objectives to dedicated trading desk for execution.


• Collaborates with team members to create rebalancing strategies.


• Develops client transition analysis and asset shopping requests.


• Reports on pre- and after-tax performance of portfolios under management and investigates significant deviations.


• Ensures that portfolios are maintained within firm guidelines and applicable government or industry regulations.


• Responds to client and internal partner inquiries related to current and potential new client portfolios.


• Engage in client servicing and sales/marketing activities, including prospect meetings and industry conferences.


• Researches and reports on new products and services within the industry.


• Stays abreast of new developments concerning regulatory issues that may affect the portfolios under management. Assists with special projects to improve technology, processes and efficiencies.

Experience & Education

• 2-4 years of experience in an investment management or securities analysis environment.


• Working towards or completion of an MBA and/or CFA preferred.


• Proficiency with Python and working experience with large datasets and APIs

Salary Range:
$99,600 - 169,200 USD

Salary range is a good faith estimate of base pay. 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.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.