Northern Trust

Associate Specialist, Business Strategy - Strategic Portfolio Management

Northern Trust • $83K — $141K *
Chicago, IL 60629Hybrid
Business Services
Less than 5 years of experience
3 weeks ago
Job Overview by Ladders

Qualifications

  • 3-5 years in consulting, finance, corporate strategy, or similar roles
  • Strong analytical and strategic thinking skills
  • Proficiency in Excel and PowerPoint
  • Effective oral and written communication skills
  • Experience with outcome-based goal frameworks (e.g., OKRs)
  • Knowledge of Agile methodologies is a plus
  • Familiarity with Financial Services is advantageous

Responsibilities

  • Support the Strategic Portfolio Manager in managing financial and human resource demands
  • Facilitate the governance process for business case development and investment discussions
  • Gather and maintain initiative lists in collaboration with WM leadership
  • Prepare and coordinate quarterly capital presentation materials
  • Define overarching goals with initiative owners using OKRs
  • Collaborate with the portfolio management team to maintain project roadmaps and track dependencies
  • Create ad-hoc financial analyses and reports for senior stakeholders

Benefits

  • Comprehensive benefits package including 401k and pension
  • Health, dental, and vision coverage
  • Paid time off and parental leave
  • Disability and life insurance options
  • Discretionary bonus program with potential equity component
  • Well-being and other voluntary benefits
Full Job Description

Job Description:

The Strategic Portfolio Management team, under the Portfolio Strategy & Program Execution team, supports Northern Trust’s Wealth Management (WM) business unit through the administration, management, and governance of its financial and human resource investments and portfolio of work.

As such, the team oversees processes designed to ensure strategic alignment across projects, investment decisions supported by robust business cases, insight and transparency into the portfolio of work, management of dependencies, achievement of outcomes, and accountability at all levels.

The Associate Specialist will support the Strategic Portfolio Manager in various areas such as financial and human resource demand, business case development, and performance management. In this role, you will need to be a leader who is analytical, action-oriented, a great communicator, and comfortable driving change through influence. 

You will interact with Wealth Management senior leaders, Product, and Technology partners to foster an innovative and integrated environment, resulting in an optimized portfolio with clearpriorities and expected outcomes.

Major Duties:

Process Development and Management

  • Create, improve,and/or manage multiple strategic processes including business case development, performance goal setting and management, and ROI/value realization framework

Business Administration

  • Coordinate andfacilitate governance forums where initiative business cases are presented for investment consideration. Facilitate completion of business cases by requesting teams.

  • Meet with WM leadership to gather, understand and maintain a future-focused initiative list.

  • Coordinate and prepare quarterly WM capital presentation materials.

  • Work with initiative owners to define overarching goals using the objectives & key results (OKRs) framework. Actively maintain OKRs and create summary reporting, as needed.

  • Collaborate with the other Strategic Portfolio Management team members to maintain portfolio roadmap, trackdependencies and key risks, maintain up-to-date financial data, and escalate potential issues.

  • Createad-hoc financial analysis, reports and presentations, including summary views, for various senior stakeholders.

  • Demonstrate a proactive and persistent approach to work, driving open items to completion consistently and independently.

Necessary Knowledge / Skills:

Required

  • Excellent Excel and PowerPoint skills

  • Excellent oral and written communication

  • Strong ability to create effective presentations with data

  • Strong administrative and organizational skills

  • Highly flexible and adaptable to change

  • Proactive and self-motivated

  • Ability to work both independently as well as collaboratively

  • Strong critical/strategic thinking, problem solving, and analytical skills

Recommended

  • Aware of Agile project management and development methodologies, including MVP definition and product roadmap planning techniques

  • Financial Services knowledge

Experience Required:

  • 3 to 5 years of experience in consulting, finance, corporate strategy, business enablement or related field.

Salary Range:

$83,100 - 141,300 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.

About Northern Trust

Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, and fiduciary and banking solutions to corporations, institutions, and affluent individuals. They have evolved with the changing needs of their clients and their world.

Northern Trust Careers

Joining Northern Trust means becoming part of a global financial services institution that is dedicated to providing expert guidance and innovative solutions to its clients. At Northern Trust, we pride ourselves on fostering a culture of leadership, diversity, and innovation, which makes us a premier destination for career growth in the financial industry.

Work You’ll Do

At Northern Trust, you will collaborate with some of the most talented professionals in the financial sector. Our team is committed to excellence and equipped with a diverse range of skills that contribute to our dynamic environment. Here, you will have the opportunity to lead projects that transform our services and drive significant value for our clients across the globe.

Explore Job Opportunities and Internships

Whether you are starting your career or looking to make a significant impact in the financial industry, Northern Trust offers a variety of job opportunities and internships that will help you achieve your professional goals. From entry-level positions to leadership roles, our company is actively hiring individuals who are passionate, curious, and driven to excel.

Innovative Work

Northern Trust is at the forefront of financial innovation. Our employees are encouraged to think creatively and leverage cutting-edge technologies to solve complex problems. By joining our team, you will work on pioneering solutions that redefine the standards of financial services.

Be Part of a Great Team

Our team at Northern Trust is more than just a group of employees – we are a community. We value collaboration, and our culture is built on mutual respect and a commitment to diversity and inclusion. Working with us, you will experience a supportive network that is passionate about sharing knowledge and ideas.

Future-Proof Your Career

Northern Trust is dedicated to your professional development. We offer comprehensive benefits, diversity training, and numerous resources to help you grow your career. With our support, you can expand your skills, gain valuable experience, and achieve professional certifications that will enhance your career trajectory.

Stay Connected

Join Our Team

Discover the perfect role for you at Northern Trust by exploring our current job openings that match your skills and interests. We are looking for professionals who are solution-driven and eager to contribute to our legacy of financial excellence.

Keep Up to Date

Stay informed with the latest career tips, industry insights, and professional growth opportunities—all available through our careers blog. At Northern Trust, we ensure that our team members are always ahead in the industry.

Job Alert Emails

Customize your experience by subscribing to job alerts and insider tips tailored to your preferences. At Northern Trust, exciting and rewarding opportunities are always on the horizon, and we are eager to see where your talents can take us. Join Northern Trust today and be part of a company that values innovation, leadership, and a diverse and inclusive workplace. Here, every position is a chance to contribute to something bigger and to turn your job into a meaningful career.
Learn more about Northern Trust
Size
21,100 employees
Market Cap
$18.1 billion
Industry
Finance & Insurance
Net Income
$1.2 billion
Founded
1889
5 Year Trend
+4.9%
Revenue
$6.1 billion
NASDAQ
NTRS
* Ladders Estimates

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