Quantitative Fixed Income Portfolio Manager
Northern Trust, Chicago, IL, United States
Position Summary
Northern Trust Asset Management (NTAM) is a trillion-dollar investment management firm entrusted by investors around the globe to help them navigate changing market environments, so they can confidently realize their long-term objectives.
Based in Chicago, this Quantitative Fixed Income Portfolio Manager’s responsibilities include but are not limited to performing day-to-day portfolio management functions, participate in team trading discussions, evaluate the risk and positioning of strategies, build and implement trades as required, interact with partners in quant research, operations, front and middle office on issues critical to portfolio management, and support the client relationship and sales process.
The role reports to the Head of Quantitative Fixed Income Portfolio Management and works in concert with global teams and specialists to support the NTAM investment process.
What you will do
Manage quantitative portfolios to meet strategy objectives specified within the investment guidelines, regulatory framework, and corporate policies. This includes collaborating with other portfolio managers to create and execute trades, transact client cash flows, and make corporate action elections
Lead and/or participate in projects of factor development, model design, portfolio construction, and risk management
Represent the portfolio management team on various internal global projects and initiatives including technology migrations, internal research, and oversight of outsourced activities
Build and maintain portfolio management tools used to analyze and research quantitative investment strategies
Produce and/or analyze reports on portfolio performance, risk characteristics, and strategy updates
Monitoring strategy implementation including transaction cost management.
Review and/or create operating procedures for the portfolio management function incorporating internal global practices as well as business continuity and oversight standards
Build and refine performance monitoring tools and dashboards
Assist partners with client service and business development efforts
Knowledge/Skills/Experience
Bachelors’ degree (graduate degree preferred)
5+ years of experience in the investment management industry, with a proven track record in investment analysis at mid-to-large firms.
Experience as part of a global investments organization
Minimum of 3+ years of experience in quantitative investing across portfolio management and research
Proficiency with portfolio management, operations, and 3rd party market data systems including Aladdin™, portfolio optimization tools, Eagle, and Bloomberg
Strong understanding of:
Factor models
Portfolio optimization, risk models and trade cost modeling
Performance attribution and signal evaluation
Strong Python skills; ability to work with large datasets (SQL preferred) and production research code
CFA designation preferred but not required.
Innovative, intellectually driven, with an intense curiosity about financial markets and human behavior.
Knowledge of ESG and sustainable investing issues and best practices are preferred
Strong analytical, communication, and interpersonal skills
Strong verbal and written communications skills
Salary Range $133,500 - 226,900 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.
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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Based in Chicago, this Quantitative Fixed Income Portfolio Manager’s responsibilities include but are not limited to performing day-to-day portfolio management functions, participate in team trading discussions, evaluate the risk and positioning of strategies, build and implement trades as required, interact with partners in quant research, operations, front and middle office on issues critical to portfolio management, and support the client relationship and sales process.
The role reports to the Head of Quantitative Fixed Income Portfolio Management and works in concert with global teams and specialists to support the NTAM investment process.
What you will do
Manage quantitative portfolios to meet strategy objectives specified within the investment guidelines, regulatory framework, and corporate policies. This includes collaborating with other portfolio managers to create and execute trades, transact client cash flows, and make corporate action elections
Lead and/or participate in projects of factor development, model design, portfolio construction, and risk management
Represent the portfolio management team on various internal global projects and initiatives including technology migrations, internal research, and oversight of outsourced activities
Build and maintain portfolio management tools used to analyze and research quantitative investment strategies
Produce and/or analyze reports on portfolio performance, risk characteristics, and strategy updates
Monitoring strategy implementation including transaction cost management.
Review and/or create operating procedures for the portfolio management function incorporating internal global practices as well as business continuity and oversight standards
Build and refine performance monitoring tools and dashboards
Assist partners with client service and business development efforts
Knowledge/Skills/Experience
Bachelors’ degree (graduate degree preferred)
5+ years of experience in the investment management industry, with a proven track record in investment analysis at mid-to-large firms.
Experience as part of a global investments organization
Minimum of 3+ years of experience in quantitative investing across portfolio management and research
Proficiency with portfolio management, operations, and 3rd party market data systems including Aladdin™, portfolio optimization tools, Eagle, and Bloomberg
Strong understanding of:
Factor models
Portfolio optimization, risk models and trade cost modeling
Performance attribution and signal evaluation
Strong Python skills; ability to work with large datasets (SQL preferred) and production research code
CFA designation preferred but not required.
Innovative, intellectually driven, with an intense curiosity about financial markets and human behavior.
Knowledge of ESG and sustainable investing issues and best practices are preferred
Strong analytical, communication, and interpersonal skills
Strong verbal and written communications skills
Salary Range $133,500 - 226,900 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.
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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