Role purpose. Manage personalized, tax-aware equity portfolios for high-net-worth, family-office and institutional clients, combining quantitative portfolio construction, disciplined implementation, risk oversight and direct client engagement.
Key Responsibilities- Review portfolios and optimization outputs daily to identify tax-loss-harvesting, cash-management, rebalancing and risk-control opportunities
- Construct and rebalance portfolios to client-directed benchmarks and customized objectives while managing tracking error, transaction costs, wash-sale considerations, and cash flows
- Develop and review transition analyses for cash-funded, in-kind, appreciated and concentrated portfolios; evaluate gain budgets, tax/risk trade-offs and gradual diversification paths
- Implement client restrictions, sustainability screens; monitor pre- and after-tax performance, tax alpha, risk, exceptions and guideline compliance.
- Coordinate with trading, research, technology, operations, performance, risk, compliance, legal and tax partners; document material decisions and escalate complex issues appropriately
- Explain portfolio decisions, customization and outcomes to clients, advisors, consultants and internal partners; participate in prospect meetings, due diligence, education and marketing activities
- Contribute to research, product development and scalable workflows across direct indexing, tax-aware quantitative strategies, concentrated-stock diversification and, where applicable, long/short tax-loss-harvesting solutions
Required Knowledge and Skills- Strong knowledge of equity markets, modern portfolio theory, quantitative portfolio construction, statistics, risk management and the tax implications of investment decisions
- Ability to interpret optimization results, risk models, tracking error, factor exposures, transition analyses and pre- and after-tax performance
- Sound investment judgment, attention to detail, control discipline and the ability to manage a diverse portfolio load within a systematic workflow
- Clear communication and a collaborative, client-focused approach across investment, distribution and control functions
Experience and Education- Approximately 5-8 years of relevant experience in investment management, equity portfolio management, quantitative research, securities analysis, trading or investment technology; title and level may be calibrated to experience
- Bachelor's degree in finance, economics, mathematics, statistics, engineering, computer science or a related field; an advanced degree is valued
- CFA designation or meaningful progress toward the CFA is preferred; relevant CFP, CPA or graduate credentials are also valued
- Experience with SMAs, tax-aware portfolios, direct indexing, quantitative equity or customized portfolios is strongly preferred. Long/short equity, margin, securities lending or prime-broker experience is desirable
Success MeasuresDisciplined implementation aligned with client objectives; effective management of tax outcomes, tracking error, transaction costs and operational risk; credible client communication; and measurable contributions to research, scalability and team effectiveness.
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.
Work AuthorizationApplicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
