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Chief Investment Officer, Wealth Management

Chief Investment Officer, Wealth Management

Northern TrustChicago, IL, US
30+ days ago
Job type
  • Full-time
Job description

Chief Investment Officer For Wealth Management

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

The Chief Investment Officer for Wealth Management has broad oversight for the investment discipline. This critical role has responsibility for setting and implementing investment strategy for the business unit and works closely with our Asset Management leaders to ensure the investment objectives for the clients are met, while ensuring all regulatory and compliance protocols are followed. The CIO is responsible for engaging in external thought leadership to elevate and represent Northern Trust's investment capabilities. This role also leads the investment practice including research, product, and strategy to support the vision of Northern Trust's investment management offering. The CIO has oversight for the capital and expense budgets pertaining to Wealth Management's investment practice.

Major Duties :

  • Directing all the investment management activities for all the portfolio managers across Wealth Management
  • Providing comprehensive investment solutions and services for all Wealth Management clients including clients / prospects of single-family offices, private investment offices and ultra-high net worth individuals / families
  • Collaborating across Wealth Management practices, enablement functions and regions to improve efficiency and productivity
  • Managing and influencing through matrixed reporting relationships
  • Owning investment policy development with particular focus on portfolio design and implementation
  • Maintaining a durable framework for identifying product gaps / needs, assessing solution alternatives, projecting estimates of utilization and monitoring / measuring results
  • Representing Northern Trust externally by participating in media activities and presenting at industry and client forums
  • Engaging in select prospect and client presentations / discussions
  • Participating and / or leading investment and tactical committees to ensure optimal balance between risk, investment and business constituencies
  • Maintaining a current awareness of new investment strategies and instruments through regular engagement with the product and portfolio research area, contact with other industry professionals and personal research

Qualifications & Experience

  • Expertise in investment and portfolio management theory, accounting, and financial principles, and investment strategies and instruments
  • Extensive experience leading through influence, negotiations and holistic wealth planning
  • Knowledge of investment terminology, characteristics of the various marketplaces, laws and regulations governing trust investments and taxation, Northern Trust's investment policies, procedures and strategies is required
  • Leadership and organizational skills are required to set goals for the investment practice, to determine the resources needed to execute those goals and to assess and develop the skills of the staff
  • Advanced communication skills, including experience navigating press opportunities e.g., television, print, and social media are required
  • A College or University degree in Accounting / Finance / Economics and / or relevant, proven work experience in investment strategies and instruments for a financial services / investment management are required
  • Advanced understanding of the regulatory and compliance landscape
  • Advanced degree and / or related industry qualification (e.g. CFA, CMIA) is required
  • Salary Range : $400,000 - $550,000

    Working with Us :

    As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

    Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

    Reasonable accommodation :

    Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

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