Director of Operations (Finance)
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.
Major Duties :1. Implement vision for Investment Product in Wealth Management \n\n2. Execute investment product roadmap in conjunction with Wealth Management Portfolio Research team, owning the implementation of products added or removed from the platform \n\n3. Lead the implementation of product-related strategic initiatives \n\n4. Communicate information to the field of portfolio advisors related to the approved products on our platform, i.e. proactive outreach regarding approved capabilities, coordination of advisor education on internal and 3rd party products and respond to enquiries from the field and provide ongoing support \n\n5. Lead best practice portfolio evolution, implementation and ongoing management \n\n6. Develop and manage strong relationships with internal and 3rd party product managers, select vendors, and key internal stakeholders (e.g., marketing, legal, risk) \n\n7. Engage with investment leaders and advisor teams across the network, soliciting feedback and providing guidance on our suite of products \n\n8. Ensure product-related collateral materials are updated and available for use by investment advisors \n\n9. Drive analytical insights related to financial/impact analysis of products on the platform and manage product dashboard with KPIs that help inform trends on product characteristics \n\n10. Research/monitor industry developments and competitor developments to support product positioning, pricing, placement and identify gaps/opportunities in product offering \n\n11. Work closely with COO/Director of Operations on management/execution of product operations and ensure products are compliant with regulatory requirements through coordination with Director of Investment Compliance\n\n12. Manage and develop high performing team \n\n13. Seasoned multi-disciplinary expert with extensive technical and/or business knowledge and functional expertise\n\n14. Manages expenses and salary review process for the division. Conducts performance management and career development processes, and staffing and disciplinary actions\n\n15. Provides leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork, and communication\n\nKnowledge :Strong analytical skills, including experience in strategic problem solving.\n \nExcellent interpersonal, communication (verbal and written) and presentation skills.\n \nWell organized, detail oriented and disciplined in approach. \n\nAbility to work effectively within a collegial, team environment. \n\nHigh degree of integrity and strives to share with the team in success. \n\nSelf-directed with ability to escalate as needed \nPassion for asset management, capital markets and portfolio management. \n\nDemonstrable experience in product management with track record of successful execution.\n \nLeadership and organizational skills are required to determine the Business Unit's goals, resources needed, and to assess and develop the skills of staff.\n\nExperience :10+ years' experience working in wealth/investment management.\n \nQuantitative educational background with academic success (e.g., Bachelor's in Finance, Investments, Economics, Mathematics, Engineering) and/or relevant certifications highly desired (e.g., MBA, CFA, CIMA, PhD).\n\nDeep knowledge of multiple traditional and non-traditional asset classes, global financial markets and product operations; experience as portfolio manager a plus.
Salary Range:
$205,700 - 360,100 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.
