Northern Trust

Multi Asset Portfolio Specialist

Northern Trust$137K — $233K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Economics, Business, Mathematics, or related field.
  • 5+ years in asset management, multi-asset investing, or related roles.
  • Strong understanding of capital markets and investment management processes.
  • Excellent written and verbal communication skills for investor presentations.
  • Strong analytical skills for interpreting portfolio and market data.
  • Proven collaboration skills with cross-functional teams.

Responsibilities

  • Develop expertise in multi-asset investment capabilities and risk management.
  • Collaborate with portfolio managers to communicate investment decisions and outcomes.
  • Simplify complex investment concepts for client understanding.
  • Engage in investment committee discussions and portfolio reviews.
  • Present investment strategies and performance to clients.
  • Support RFPs and client inquiries to enhance business development.
  • Create market insights and content for client-facing communication.

Benefits

  • Comprehensive health and welfare benefits including medical, dental, and vision insurance.
  • Generous retirement benefits such as 401k and pension plans.
  • Paid time off and parental/caregiver leave.
  • Life and accident insurance options.
  • Discretionary bonus program potentially including equity components.
Full Job Description

Multi-Asset Portfolio Specialist

Location: Chicago, IL
Team: Multi-Asset Investments / Asset Allocation
Reports to: Director, Multi-Asset Investments


Position Summary

We are seeking a talented and highly motivated Multi-Asset Portfolio Specialist to join our Multi-Asset Investments team. This individual will serve as a critical link between our investment professionals, clients, and distribution partners, helping articulate our investment philosophy, portfolio positioning, market views, and portfolio construction capabilities.

The Portfolio Specialist will work closely with portfolio managers, research analysts, product teams, and client-facing professionals to communicate investment strategies, support business development efforts, and enhance the client experience. The successful candidate will possess strong investment knowledge across public and private markets, exceptional communication skills, and a passion for helping clients solve complex portfolio challenges.


Key Responsibilities

Investment Strategy & Portfolio Expertise
  • Develop deep expertise across the firm's multi-asset investment capabilities, including strategic asset allocation, tactical asset allocation, portfolio construction, ETF model portfolios, and risk management.
  • Partner with portfolio managers and research teams to understand and communicate investment decisions, portfolio positioning, and performance outcomes.
  • Translate complex investment concepts into compelling and accessible client narratives.
  • Participate in investment committee discussions, portfolio reviews, and market outlook conversations.

Client & Prospect Engagement
  • Present portfolio positioning, market outlooks, performance attribution, and investment process to institutional and wealth clients.
  • Support requests for proposals (RFPs), due diligence questionnaires (DDQs), and client inquiries.
  • Work closely with relationship managers and sales teams to identify opportunities and strengthen client relationships.

Thought Leadership & Content Development
  • Develop client-facing investment commentary, market insights, white papers, presentation materials, and portfolio updates.
  • Contribute to investment thought leadership across asset allocation, macroeconomics, portfolio construction, and market developments.
  • Help shape messaging around evolving investment themes and strategic initiatives.

Product & Business Strategy
  • Provide feedback on product development and competitive positioning based on client interactions and market trends.
  • Support product launches and enhancements by developing investment narratives and client communication materials.
  • Monitor industry developments, asset allocation trends, and competitor offerings.

Portfolio Analytics & Reporting
  • Analyze portfolio performance, attribution, risk exposures, and implementation outcomes.
  • Support development of portfolio analytics and reporting materials for internal and external audiences.
  • Assist in the preparation of investment committee presentations and executive-level reporting.
Qualifications
Required
  • Bachelor's degree in Finance, Economics, Business, Mathematics, or related field.
  • 5+ years of experience in asset management, multi-asset investing, portfolio management, research, or portfolio specialist/client portfolio management roles.
  • Strong understanding of capital markets, asset allocation, portfolio construction, and investment management.
  • Excellent written and verbal communication skills with ability to present to sophisticated investors.
  • Strong analytical capabilities and ability to interpret portfolio and market data.
  • Demonstrated ability to collaborate across investment, product, and distribution teams.
Preferred
  • CFA designation or progress toward CFA Charter.
  • Experience working with institutional investors, pension plans, endowments, foundations, family offices, or wealth management platforms.
  • Knowledge of alternative investments, including private equity, private credit, and real assets.
  • Experience supporting model portfolios, multi-asset, target date, OCIO, or outsourced investment solutions.

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
Net Income
$1.2 billion
Founded
1889
5 Year Trend
+4.9%
Revenue
$6.1 billion
NASDAQ

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