Portfolio Manager - Securitized Products job opportunity at Northern Trust.



DateMore Than 30 Days Ago bot
Northern Trust Portfolio Manager - Securitized Products
Experience: Highly Experienced
Pattern: full-time
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loacation Chicago, IL, United States Of America
loacation Chicago, IL....United States Of America

About Northern Trust: 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 Bank Portfolio Manager is responsible for managing a significant part of the bank’s investment portfolio (Consumer ABS, CMBS, Agency MBS/CMO’s, etc.) and executes the investment transactions of the lead bank, holding company, and subsidiary banks. Additionally, this role will develop and implement fixed income strategies designed to achieve the investment objectives of the bank and optimize portfolio allocation. Major Duties : 1. Manages a part of the bank’s investment portfolio (Consumer ABS, CMBS, Agency MBS/CMO’s, etc.) and executes the investment transactions for the lead bank, holding company, and subsidiary banks. 2. Assists in evaluating and developing investment objectives and guidelines as appropriate given risk tolerance. 3. Develops fixed income investment strategies that are designed to achieve investment objectives. 4. Analyzes (using OAS when appropriate) and implements overall portfolio structure utilizing knowledge of economic and financial market conditions to meet the investment objectives. 5. Complies with all policies and guidelines (Board, ALCO, Credit, etc.) in managing the investment portfolio. 6. Maintain good communication with brokers and dealers to monitor the market and to develop strategies. 7. Participates in sub-group or task force to revise or modify existing internal or external procedures, guidelines or to review new products. 8. Maintains awareness of current and pending legal and regulatory issues that impact institutional investments. 9. Works closely with internal partners (operations, accounting, credit, legal, etc.), and coordination of manage issues related to the investment portfolio specifically or Treasury generally, working across groups to execute solutions. Knowledge : • Knowledge of investment products, securitized product structuring, services, and terminology, usually acquired through experience and formal education • Knowledge of current banking regulations and applications to the investment portfolio are necessary to determine proper portfolio allocations and risk analysis • Exceptional ability to organize and execute responsibilities with minimal supervision • Strong written and verbal communication skills • Exceptional analytical, quantitative skills and critical thinking Experience : A college or university degree is preferred. 3 - 5 years of fixed income investment experience is required. Salary Range: $99,600 - 169,200 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. 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. We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater  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 .   We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater.

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