Role Summary
The Senior Investment Officer (SIO) combines Senior Portfolio Advisor duties with practice oversight of the investment partners within a market. Partner is responsible for managing complex wealth management client relationships and delivering high quality investment services, overseeing all aspects of investment and compliance related risk matters for a particular market. This role serves as an important extension of the National Investment Practice working closely with their Regional Senior Investment Officer (RSIO) and local leadership. SIOs are accountable for leading their local teams and ensuring participation and successful execution of practice sponsored initiatives, training and development opportunities, new capability rollouts, and adherence to best practice. The ideal candidate will also have excellent communication and new business development skills. They serve as a valued member of their local market leadership team in hiring, retaining, and developing a diverse workforce.
Primary Duties and Responsibilities
Manages investment activities for set of major fee revenue producing accounts, representing large and sensitive high net worth personal trusts and individual investment portfolios. Develops, recommends, and directs the execution of programs designed to achieve investment objectives for specific individual clients.
Analyzes and plans the overall investment strategy with continuous revision as goals and objectives change and in the context of client needs working closely and proactively with the broader client service team to identify and execute on areas of opportunity.
Maintains an integral and influential presence within the local client facing team, clients, co-trustees, consultants, the bank's legal area, and outside attorneys to ensure communication of client requirements and coordinate portfolio activity.
Demonstrates mastery integrating new investment strategies, tools and capabilities, and portfolio research through regular contact and engagement with the National Investment and Goals Driven Wealth Management Practices.
Participates in the development of new investment business with sales staff as appropriate. This includes engagement with large, complex prospective client situations and representing the market and firm to centers of influence.
Investment Practice oversight for a market as an extension of the National Investment Practice.
Accountable for personal and team adherence to best practices as measured by the PM Dashboard and related reporting. Encourages investment partner engagement in thought leadership publications, educational opportunities, and practice hosted symposiums and events.
Accountable for personal and team level execution of initiatives, new capability rollouts, and required training. Works with RSIO and local leadership to hire, retain, and develop talent.
Participates in the selection process of new hires and works with RSIO to ensure that Investment Practice priorities and scoring methodologies are incorporated into partner performance reviews.
Participates in developing the local market strategic plan and sets goals and priorities based on the direction set for the business unit, region, and market.
Follows through to ensure objectives are met. Provides leadership and guidance to staff, fostering an environment which encourages employee engagement, diversity, teamwork, and communication.
Advocates on behalf of their team and capture continuous feedback on areas for improvement providing proactive advice to leadership on national initiatives, changes, and expectations.
Provides oversight, leadership, and guidance in adherence to National Investment Guidelines, facilitation of the REV peer review process, and ensuring observance of sound risk management practices.
Serves on standing investment services committees and participates in special projects as appropriate. Directs the resolution of highly complex or unusual business problems applying advanced critical thinking.
Guided by organization functional strategy, has broad impact on the functional, divisional or regional results.
Necessary Experience, Education, Knowledge and Skills
15+ years of investment experience as a portfolio manager, in which consistent long term investment performance has met account objectives and client goals with strong adherence to best practices and sound risk management approaches.
Knowledge of investment and portfolio management theory, accounting, and financial principles, and investment strategies and instruments, acquired through formal education and work experience, is required to manage portfolios and provide oversight to Investment partners.
Strong sales and negotiating skills are required to guide new, sensitive or difficult situations.
Leadership and organizational skills required to determine the unit goals, resources needed, and to assess and develop the skills of the staff and guide activities in support of Regional and Practice priorities.
Applies broad industry knowledge and commercial awareness to drive financial performance.
Experience as a Senior Portfolio Advisor in Wealth Management for UHNW clients.
Technical expertise with a broad range of investment solutions.
Completion of any of the following is highly preferred: MBA and/or CFA, CFP, CIMA, CPWA and CAIA.
May lead functional teams or projects with moderate resource requirements, risk, and/or complexity.
Communicates difficult concepts and negotiates with others to adopt a different point of view.
Salary Range:
$236,555 - 414,115 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 Authorization
Applicants 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).
