Northern Trust

Equity Portfolio Manager

Northern Trust • $137K — $233K *
Chicago, IL 60629In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5+ years of experience in equity index portfolio management or related investment functions.
  • Strong grasp of equity markets and index replication methodologies.
  • Proficient in managing portfolios through corporate actions and index transitions.
  • Demonstrated analytical skills with attention to detail.
  • Excellent communication skills for client and team interaction.
  • Ability to manage multiple priorities in a fast-paced environment.
  • Bachelor's degree in Finance, Economics, Mathematics, or a related field.

Responsibilities

  • Manage equity index portfolios and collective investment funds.
  • Ensure compliance with client guidelines and regulatory constraints.
  • Oversee daily implementation activities including cash management and rebalances.
  • Drive improvements in portfolio efficiency and tracking error.
  • Lead the implementation of corporate actions and index reconstitutions.
  • Evaluate trading strategies to minimize transaction costs.
  • Utilize technology for portfolio management and process improvement.

Benefits

  • Comprehensive retirement benefits including 401k and pension plans.
  • Health and welfare benefits including medical, dental, and vision.
  • Paid time off and parental leave policies.
  • Life and accident insurance coverage.
  • Discretionary bonus program with potential equity component.
Full Job Description
Primary Responsibilities

Portfolio Management & Implementation
  • Manage a range of equity index portfolios, collective investment funds, ETFs, and separately managed accounts.
  • Maintain portfolios within client guidelines, prospectus requirements, regulatory constraints, and internal risk parameters.
  • Oversee daily portfolio implementation activities, including cash equitization, corporate actions, rebalances, benchmark changes, account transitions, and large cash flows.
  • Drive improvements in tracking error, portfolio efficiency, implementation costs, and benchmark alignment.
  • Monitor portfolio exposures, risk characteristics, and performance attribution to identify opportunities for enhancement.

Index & Market Event Management
  • Lead portfolio implementation for index reconstitutions, corporate actions, mergers, spin-offs, IPOs, deletions, rights offerings, and other benchmark events.
  • Evaluate implementation alternatives and trading strategies to minimize market impact and transaction costs.
  • Partner with traders and research teams to determine optimal execution approaches for complex events.

Technology & Process Innovation
  • Utilize portfolio management and trading platforms, including Aladdin and related analytics tools, to support portfolio construction and oversight.
  • Identify opportunities to improve scalability, automation, operational controls, and investment processes.
  • Participate in strategic technology initiatives designed to enhance portfolio management capabilities and operational efficiency.
  • Leverage data, analytics, and automation tools to improve investment outcomes and risk monitoring.

Risk Management & Oversight
  • Monitor portfolio risk exposures, benchmark alignment, liquidity, and operational risks.
  • Ensure compliance with client mandates, investment guidelines, tax requirements, and regulatory obligations.
  • Investigate performance differences, implementation shortfalls, and process exceptions and develop corrective actions when needed.
  • Contribute to governance, control, and operational risk frameworks supporting the index business.

Client & Business Development Support
  • Partner with relationship managers, consultants, and sales teams to support client meetings, due diligence reviews, and prospective opportunities.
  • Articulate Northern Trust's index investment philosophy, portfolio construction approach, implementation capabilities, and performance results.
  • Contribute to product development initiatives and the design of new index and ETF solutions.
  • Support Requests for Proposal (RFPs), investment reviews, and client reporting discussions.


Qualifications

Required
  • 5+ years of experience in equity index portfolio management, portfolio implementation, trading, or a closely related investment function.
  • Strong understanding of equity markets, benchmark construction methodologies, and index replication techniques.
  • Experience managing portfolios through corporate actions, index rebalances, and benchmark transitions.
  • Demonstrated analytical and problem-solving capabilities with exceptional attention to detail.
  • Strong verbal and written communication skills with the ability to communicate effectively with clients, investment professionals, and senior management.
  • Ability to balance multiple priorities and make sound decisions in a fast-paced market environment.
  • Bachelor's degree in Finance, Economics, Mathematics, Engineering, Data Science, or a related field.

Preferred
  • Experience managing ETF portfolios.
  • Experience managing Global portfolios.
  • Experience working with Aladdin or comparable portfolio management systems.
  • Familiarity with portfolio optimization, risk models, transaction cost analysis, and performance attribution.
  • CFA designation, MBA, or progress toward a professional investment credential.
  • Experience with Python, SQL, VBA, or data analytics tools supporting investment decision-making.


Salary Range:
$137,400 - 233,600 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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