Account Manager, Investments - Lake Forest, IL

Account Manager, Investments - Lake Forest, IL
Account Managers in the investment practice (AM-I) work with portfolio managers (PM) within client service teams to consistently deliver a high level of proactive client service and support. They are expected to understand and support their PM's daily workflow. This includes analyzing investment themes and issues to communicate effectively with clients and internal partners, tracking trade activity from execution to settlement, researching and resolving account/operational investment discrepancies, analyzing and insuring accuracy of investment performance results, proofing and coordinating presentation materials used in meetings with high net worth clients. This position is critical to the confidence that our clients have in our abilities to manage their finances and the appropriate person will understand the importance of accuracy and timeliness.
Major Duties
Monitor and take ownership of all compliance related duties and follow-up procedures, including consulting with PMs on deficiencies and communicating with clients to eliminate exceptions.
Participate in client meetings with the PM and other members of the client service team. Duties range from insuring our records are complete for compliance purposes to providing equity and fixed income research needed for discussion with clients to inform them of investment decisions and transactions in their accounts.
Assist in the preparation of materials for client meetings to insure the information is accurately and logically presented. AM-I's work with multiple family relationships. Strong organizational skills are essential to understand each family's particular circumstances.
Update Goals Driven Wealth Management system to include internal and external asset values, goal information and family demographic data.
Obtain written client approvals for Investment Objective forms, trade confirmations, no investment-responsibility letters and any other account-related documentation.
Coordinate preparation of asset allocation analyses and presentation materials for existing and prospective clients.
Monitor daily all current and outstanding capital structure offers, and ensure that capital structure decision deadlines are met. Communicate information on current offers, relevant research recommendations and any other related information to PMs.
Monitor PMs' desks in their absence. Distribute investment research and portfolio construction information when and where appropriate. Read, understand and abide by the Wealth Management PM Guidelines. Work diligently toward mitigating losses due to error, and be mindful of possible contingencies.
Work on special projects as assigned.
Knowledge and Skills
Candidates for this position should have a broad understanding of financial markets. Knowledge of investment products, services, and terminology, usually obtained through on the job training or prior experience, are helpful. Analytical and organizational skills are needed to meet deadlines and solve client or administrative problems.
Minimum of 1 year of investment or personal trust client servicing experience is preferred. Proficiency in MS Office suite of product is imperative, with particularly strong Excel and written communication skills.
Preference towards candidates pursuing CFA, or similar professional credential, or advance degree (M.B.A.).
For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world's most-sophisticated clients - from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.
We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.
As of September 30, 2018, Northern Trust Corporation had:
$10.8 trillion in assets under custody / administration
$8.2 trillion in assets under custody
$1.2 trillion in assets under management
$132 billion in banking assets

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