Northern Trust

Investment Associate II

Northern Trust • $67K — $111K *
Chicago, IL 60629In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Foundational understanding of financial markets and investment products.
  • Strong oral and written presentation skills.
  • Excellent analytical, organizational, and problem-solving abilities.
  • Proficiency in MS Office, especially advanced Excel.
  • Undergraduate degree in business, finance, or economics preferred.
  • Minimum of 1 year of investment-focused or client-servicing experience preferred.
  • Pursuing CFA®, CFP®, or similar designation is a plus.

Responsibilities

  • Assist in preparing portfolio review and market outlook materials for client meetings.
  • Resolve account-specific operational issues and discrepancies.
  • Monitor compliance-related duties and follow up on documentation requirements.
  • Oversee PAs’ books of business in their absence and assist with special projects.
  • Develop fluency in GDWM financial planning and portfolio modeling software.
  • Understand Northern Trust’s investment philosophy and communicate market trends effectively.
  • Participate in client meetings and respond to follow-up service requests.

Benefits

  • Comprehensive retirement benefits including 401k and pension.
  • Health and welfare benefits including medical, dental, and vision.
  • Paid time off and parental/caregiver leave.
  • Life and accident insurance.
  • Discretionary bonus program with potential equity component.
Full Job Description
Investment Associate II


As an Investment Associate II in Northern Trust Wealth Management’s Investment Practice, you will work with Portfolio Advisors (PAs) on a Chicago-based Wealth Advisory team, serving high net-worth Wealth Management clients. You will perform a broad range of administrative and portfolio management support functions aimed at delivering high-quality, pro-active client service and investment execution for numerous client relationships.
The support functions include preparing and coordinating portfolio review and presentation materials used in client meetings, responding to service requests in a timely manner and communicating outcomes effectively to internal team members and clients, researching and resolving operational issues, tracking securities trade activity from execution to settlement, and updating mandatory account and compliance documentation.


This role is critical to our clients’ service experience, and the right candidate understands the importance of accuracy and timeliness in daily workflows.


The Investment Associate takes on the following responsibilities:

  • Assists in the preparation of portfolio review and market outlook presentation material for client meetings and client communication. Responsible for timely and accurate completion of material, often under tight deadlines.
  • Resolves account specific and operational action items and/or discrepancies, including follow-up on corporate actions items pertaining to accounts’ securities holdings.

  • Monitors and takes ownership of all compliance related duties and follow-up procedures. Consults with PAs on action items and communicates with clients to address documentation requirements, including investment objective confirmation forms and investment responsibility letters.

  • Monitors PAs’ books of business in their absence and takes follow-up steps as appropriate. Assists in special projects as requested.

  • Develops fluency in Northern Trust’s “Goals Driven Wealth Management” (GDWM) financial planning and portfolio modeling software.  Assists in client-specific data gathering and scenario planning in GDWM. May also participate in GDWM presentations to clients.

  • Develops a thorough understanding of Northern Trust’s investment philosophy, investment platform, asset allocation strategy and investment fulfillment vehicles. Develops an ability to communicate effectively about market trends and developments.

  • May participate in client meetings with the PA and other members of the client service team, including trust advisors, private bankers and/or wealth planners. Develops a clear understanding of client specific needs, preferences and expectations. Responds to follow-up service requests.


Experience


Candidates for this position should have:

  • A foundational understanding of financial markets and passion for investments and investing. Knowledge of investment products, services and terminology – usually obtained through on the job training or prior experience, are a plus.

  • Strong oral and written presentation skills                                                                                         
  • Strong analytical, organizational and problem-solving skills

  • Proficiency in MS Office suite of products, with advanced fluency in Excel

  • Highly preferred: undergraduate degree in business, finance, economics or equivalent relevant work experience

  • Preferred: a minimum of 1 year of investment-focused experience or client-servicing experience in the financial services industry (candidates with less than one year of work experience will be considered for the position as an Investment Associate I)
  • Preferred: candidates pursuing the CFA®, CFP®, or similar professional designation, and/or pursuing an advanced degree (MBA).


Career Path
The Investment Associate is expected to grow into the role of Associate Portfolio Advisor and subsequently Portfolio Advisor over time.  

Salary Range:

$67,500 - 111,500 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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