Investment Associate
Investment Associate
Responsible for all supportive aspects of a portfolio. This includes file set up on client accounts, ordering reports, processes physical stock and/or bond certificates, prepares all material for client review meetings. Works under the direction of the Investment Advisor to complete all client requests. Responsible for supporting risk and compliance requirements for the team, including: working diligently to mitigate losses due to error and being mindful of possible contingencies. Coordinating and/or supporting investment or client service teams’ monthly REV and New Account Review processes and documentation (as directed by supervisor). In this role there will be mentorship opportunities with CFA’s, CPWA, CAIA, JD’s, etc.
1.Ensures that portfolio materials are prepared for account review meetings with clients. Retrieves reports, desired by portfolio managers or requested by clients, off the EDS, PIMS, IMS, and PAS systems.
2.Sets-up files with account documentation for existing or new clients (i.e., involving automatic payment, pledging securities, address changes, statement addresses, investment guidelines, fees, etc.).
3.Orders reports for portfolio managers or clients as requested.
4.Communicates with clients and portfolio managers on client requests. Ensures that portfolio managers follow-up with client requests.
5.Interacts with partners, primarily administratively, on a daily basis to receive and communicate information on all aspects of a client relationship or portfolio.
6.Works with the tax area to research discrepancies and oversee adjustments on client accounts regarding tax cost issues.
7.Responds to client inquiries for account information or to initiate transactions requested by the client (i.e., re-register gift stock, remit proceeds, sell gifts, etc.). Processes physical stock/bond certificates and completes DTC transfers.
8.Follows-up with client on inquiries via the telephone or written correspondence.
9.Processes client cash transfer requests. Determines if funds are available in the investment account. Contacts portfolio manager if cash needs to be raised.
10.Processes fund trades via CIT or all-in-one bank applications by established deadlines.
11.Reviews and analyzes fee worksheets to ensure that fees are calculated appropriately.
12.Adheres to National Investment Guidelines, feedback from the REV peer review process, and observes sound risk management practices.
13.Provides solutions to problems in situations that are atypical or infrequently occurring based on practice and existing precedents or procedures.
14.Impacts the quality, timeliness and effectiveness of the team; uses discretion to modify work practices and processes to achieve results or improve efficiency.
Qualifications
- 0-2 years of experience within the financial services industry.
- May act as an informal resource for team members with less experience
- Knowledge of investment products, services, and terminology, usually obtained through on the job training, are needed to prepare material for client meetings.
- Strong analytical, organizational, and communication skills are needed to meet meeting deadlines and solve client or administrative problems.
- Proficiency in learning multiple systems required to perform role is needed.
- Requires a broad understanding of the job and applies skills and knowledge in a range of processes, procedures and systems or requires deep skills in a single area.
- Understands how the team integrates with others to accomplish team objectives.
- Explains detailed and/or complicated information within the team.
Salary range: $63,000 to $70,000. Salary range is an estimate of base pay. Northern Trust provides a comprehensive benefits package, including retirement and pension plan contributions, health and welfare benefits, paid time off, parental and caregiver leave, life insurance, and other wellbeing benefits
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.
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.
Join a Team That’s Made for Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the dri...
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