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Type of Role: Investments

Experience Level: Managing Director/CIO

Location: Chicago, Illinois

Salary: $379K - $463K

Northern Trust Corporation is an American financial services company headquartered in Chicago, Illinois that caters to corporations, institutional investors, and ultra high net worth individuals. Northern Trust is one of the largest banking institutions in the United States and one of the oldest banks in continuous operation. As of June 30, 2022, it had $1.7 trillion in assets under management and $17 trillion in assets under custody. Details below.

The Global Family Office Investment Advisory Team (GFO Advisory Team) within the Institutional OCIO Asset Management business, offers world-class investment management combined with program oversight, manager research, customized program design, global custody and client servicing. With approximately $140B AUM, the OCIO teams serve a global client base including: corporate pension and retirement plans, foundations, endowments, healthcare organizations and government, family office/multi-family office, not-for-profit and public funds.

After carefully defining a client’s return objective and risk tolerance, the GFO Investment Advisory Team builds a customized, multi-manager investment program diversified across multiple asset classes, multiple managers and multiple styles. The result is a comprehensive investment program that increases the probability of achieving a client’s investment objectives over the long-term, while seeking to minimize risk and volatility of returns over the short-term. The integrated suite of investment solutions includes: actuarial services, asset/liability studies, cash flow analysis, investment policy design, asset allocation, investment manager research and selection, program construction, program monitoring and evaluation, portfolio rebalancing, performance measurement, risk management, defined benefit and defined contribution plan management, trust and custody services, and credit services.

DESCRIPTION: 

A Senior Client Investment Officer (Senior CIO) is responsible for developing investment solutions (within a team framework) and servicing key relationships within the Global Family Office Group. In addition, he/she will be an important member of the leadership team supporting new business initiatives. As a senior member on the GFO Investment Advisory team, the successful candidate will ensure alignment with GFO and Asset Management strategic initiatives. The Senior CIO will work closely with high net worth family and/or family foundation clients with the creation, implementation, and oversight of complex, multi-asset class, multi-manager investment programs which includes discussing custom hedge and private solutions. Services range from investment policy and asset allocation through open architecture manager search, selection and oversight, portfolio construction, implementation and continuous improvement across traditional and alternative investment strategies.

PRIMARY DUTIES: 

  • Providing clients with investment advisory services which includes developing an understanding of client’s unique investment/service needs and coordinating the design, implementation and monitoring of a customized, open architecture, investment program across traditional and alternative investments to meet those needs.
  • Communicate with clients and internal team members on a regular basis to proactively anticipate and respond to issues and developments, researching issues and opportunities, developing new ideas, and discussing investment capabilities.
  • Coordination of asset allocation, rebalancing, manager search, portfolio construction and similar analytical exercises working closely with internal teams and team members.
  • Coordination with dedicated internal manager research teams across traditional and alternative investments as part of sourcing and monitoring investment managers in and for client investment portfolios.
  • Interpret economic, market and business information from Northern Trust and other organizations, in order to recognize, understand and communicate market environment.
  • Assist in new product development and marketing. Work with product, research, and marketing to develop and identify new investment ideas or opportunities.
  • Proactively participate in prospective family office sales and marketing presentations.
  • Cross sell or refer company products and services to existing clients, when appropriate.
  • Proactively advise partners of issues that may affect clients/prospects in either a positive or negative way.
  • Display a high level of teamwork toward achieving business unit and team goals. Be a positive influence in the group.
  • Be prepared to author/co-author white papers/thought pieces for GFO client and prospect consumption.

Qualifications

  • Self starter – able to work independently as well as within a team structure.
  • A minimum of 10+ years of investment expertise including extensive experience with open architecture, alternative investments and ultra-high net worth individuals/families.
  • Seasoned investment advisor working with or for a family office/multi-family office, endowment/foundation or institutional investment consultant.
  • Ideal recent experience as CIO, head of an asset class or senior institutional investment consultant.
  • Extensive knowledge regarding traditional and alternative investments in an open-architecture framework, as well as related issues that affect investments (economy, markets, finance).
  • Proven success developing and delivering integrated investment advisory services to sophisticated clients.
  • Ability to communicate complex investment solutions to a variety of constituents with varying levels of investment knowledge.
  • Technology orientation and proficiency is required to coordinate analysis of client portfolios and recommendations for improvements.
  • Written and interpersonal presentation skills are important for ongoing client interaction, team engagement and new business participation.
  • MBA/CFA (Chartered Financial Analyst)/CAA Chartered Asset Allocator)/CAIA (Chartered Alternative Investment Analyst) /CIMA/CPA or other relevant investment credentials preferred.

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families to the most-successful hedge funds and corporate brands.

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

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.