Practice Executive Investments, Global Family Office at Northern Trust

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Wealth Management, InvestmentsIndustries

Requirements

Knowledge of investment and portfolio management theory, accounting, and financial principles, and investment strategies and instruments, acquired through formal education and work experience
Knowledge of holistic wealth planning and strategic management
Knowledge of investment terminology, characteristics of the various marketplaces, the laws and regulations governing trust investments and taxation, the bank’s investment policies, procedures, and strategies, acquired through work experience and formal education
Sales and negotiating skills to guide sensitive or difficult situations
Leadership and organizational skills to determine unit goals, resources needed, and to assess and develop staff skills
Excellent oral and written communication skills
Ability to shape opinions of and negotiate with senior leaders, and establish collaborative relationships across the business and with external organizations
10-15 years of investment experience, including research, with consistent long-term investment performance meeting account objectives
Success developing and executing long-term functional strategy to achieve key business objectives
Leadership role in a major part of the organization (significant operational segment within Northern Trust, an organization function, or a region/country within a function)

Responsibilities

Provide comprehensive investment solutions and services to clients and prospects of single-family offices, private investment offices, and ultra-high net worth individuals and their families
Strategically develop and deliver solutions that provide a holistic set of investment options to existing and prospective clients
Utilize available tools and resources to gain deep knowledge of the entire investment universe; identify, track, and share observed investment trends within the family office space to better position the investment practice
Maintain current awareness of new investment strategies and instruments through regular engagement with product and portfolio research, contact with industry professionals, and personal research
Bring holistic advisory capabilities beyond investments to clients and prospects by partnering with available advisory resources
Serve on standing investment services committees and ad hoc unit committees as appropriate
Ensure business objectives are met and coordinated with the Business Unit’s and Corporate Strategic plan
Maintain extensive contact with regional leadership, relationship managers, and sales to ensure coordination across teams
Collaborate with regional and sales leadership to identify opportunities from the Firm to Family offering and capture outside assets of identified targets
Provide leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork, and communication
Maintain overall accountability for team performance management and career development programs

Skills

Key technologies and capabilities for this role

Investment ManagementPortfolio ResearchInvestment StrategiesClient AdvisoryFamily Office ServicesMarket TrendsStrategic PlanningRelationship Management

Questions & Answers

Common questions about this position

What is the salary for the Practice Executive Investments role?

This information is not specified in the job description.

Is this a remote position or what is the location requirement?

This information is not specified in the job description.

What key skills are required for this position?

The role requires knowledge of investment and portfolio management theory, accounting, financial principles, investment strategies and instruments, holistic wealth planning, strategic management, investment terminology, marketplace characteristics, laws and regulations governing trust investments and taxation, as well as sales and negotiating skills.

What is the company culture like at Northern Trust?

Northern Trust emphasizes enduring principles of service, expertise, and integrity, fostering an environment that encourages employee participation, teamwork, and communication while providing leadership and guidance to staff.

What makes a strong candidate for this role?

Strong candidates will have formal education and work experience in investment and portfolio management, knowledge of financial principles, holistic wealth planning, relevant laws and regulations, plus sales and negotiating skills to strategically develop solutions for ultra-high net worth clients.