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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.
Role Summary
The Senior Investment Officer (SIO) combines Senior Portfolio Advisor duties with practice oversight of the investment partners within a market. The partner is responsible for managing complex wealth management client relationships and delivering high-quality investment services, overseeing all aspects of investment and compliance related risk matters for a particular market. This role serves as an important extension of the National Investment Practice, working closely with their Regional Senior Investment Officer (RSIO) and local leadership. SIOs are accountable for leading their local teams and ensuring participation and successful execution of practice-sponsored initiatives, training and development opportunities, new capability rollouts, and adherence to best practices. The ideal candidate will also have excellent communication and new business development skills. They serve as a valued member of their local market leadership team in hiring, retaining, and developing a diverse workforce.
Primary Duties And Responsibilities
- Manages investment activities for a set of major fee revenue-producing accounts, representing large and sensitive high net worth personal trusts and individual investment portfolios. Develops, recommends, and directs the execution of programs designed to achieve investment objectives for specific individual clients.
- Analyzes and plans the overall investment strategy with continuous revision as goals and objectives change and in the context of client needs, working closely and proactively with the broader client service team to identify and execute on areas of opportunity.
- Maintains an integral and influential presence within the local client-facing team, clients, co-trustees, consultants, the bank's legal area, and outside attorneys to ensure communication of client requirements and coordinate portfolio activity.
- Demonstrates mastery in integrating new investment strategies, tools, and capabilities, and portfolio research through regular contact and engagement with the National Investment and Goals Driven Wealth Management Practices.
- Participates in the development of new investment business with sales staff as appropriate. This includes engagement with large, complex prospective client situations and representing the market and firm to centers of influence.
- Provides investment practice oversight for a market as an extension of the National Investment Practice.
- Is accountable for personal and team adherence to best practices as measured by the PM Dashboard and related reporting. Encourages investment partner engagement in thought leadership publications, educational opportunities, and practice-hosted symposiums and events.
- Ensures the execution of initiatives, new capability rollouts, and required training. Works with RSIO and local leadership to hire, retain, and develop talent.
- Participates in the selection process of new hires and works with RSIO to incorporate investment practice priorities and scoring methodologies into partner performance reviews.
- Contributes to developing the local market strategic plan and sets goals and priorities aligned with business unit, region, and market directions.
- Provides leadership and guidance to staff, fostering an environment of engagement, diversity, teamwork, and communication.
- Advocates for the team and captures feedback for continuous improvement, advising leadership on national initiatives and changes.
- Provides oversight and guidance in adherence to National Investment Guidelines, facilitates the REV peer review process, and ensures sound risk management practices.
- Serves on standing investment services committees and participates in special projects as appropriate. Resolves complex or unusual business problems using advanced critical thinking.
- Has a broad impact on functional, divisional, or regional results, guided by organizational strategy.
Necessary Experience, Education, Knowledge, And Skills
- 15+ years of investment experience as a portfolio manager, with consistent long-term performance meeting account objectives and client goals, adhering to best practices and risk management approaches.
- Knowledge of investment and portfolio management theory, accounting, financial principles, strategies, and instruments, acquired through formal education and work experience.
- Strong sales and negotiating skills for guiding sensitive or difficult situations.
- Leadership and organizational skills to set goals, allocate resources, assess, and develop staff skills, supporting regional and practice priorities.
- Broad industry knowledge and commercial awareness to drive financial performance.
- Experience as a Senior Portfolio Advisor in Wealth Management for UHNW clients.
- Technical expertise across a broad range of investment solutions.
- Preferred qualifications include MBA and/or CFA, CFP, CIMA, CPWA, and CAIA certifications.
- Ability to lead teams or projects with moderate resource requirements, risk, and complexity.
- Excellent communication skills for explaining complex concepts and negotiating effectively.
Salary Range
$236,555 - 414,115 USD
Salary is a good-faith estimate of base pay. Northern Trust offers a comprehensive benefits package including retirement plans, health and welfare benefits, paid time off, parental and caregiver leave, insurance, and other voluntary benefits. Discretionary bonuses and potential equity components may also be included.
Working With Us
As a Northern Trust partner, you will be part of a flexible, collaborative culture in a financially stable organization committed to community service. Movement within the organization is encouraged, leadership is accessible, and we support a workplace with a greater purpose. Build your career with us and apply today. #MadeForGreater
Reasonable Accommodation
Northern Trust is committed to providing reasonable accommodations for individuals with disabilities. Contact for assistance during the employment process.
We value an inclusive workplace and flexible arrangements. Contact us to discuss your needs and achieve greater together.
Seniority Level
- Executive
Employment Type
- Full-time
Job Function
- Finance and Sales