Northern Trust · 2 days ago
Portfolio Manager - Securitized Products
Chicago, IL
Full-time
Hybrid
Mid Level
$100K/yr - $169K/yr
3+ years expNorthern Trust is a globally recognized financial institution that has been operating since 1889. The Bank Portfolio Manager is responsible for managing a significant part of the bank’s investment portfolio, developing and implementing fixed income strategies, and ensuring compliance with policies and guidelines.
BankingFinanceFinancial ServicesWealth Management
Responsibilities
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
Assists in evaluating and developing investment objectives and guidelines as appropriate given risk tolerance
Develops fixed income investment strategies that are designed to achieve investment objectives
Analyzes (using OAS when appropriate) and implements overall portfolio structure utilizing knowledge of economic and financial market conditions to meet the investment objectives
Complies with all policies and guidelines (Board, ALCO, Credit, etc.) in managing the investment portfolio
Maintain good communication with brokers and dealers to monitor the market and to develop strategies
Participates in sub-group or task force to revise or modify existing internal or external procedures, guidelines or to review new products
Maintains awareness of current and pending legal and regulatory issues that impact institutional investments
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
Qualification
Required
3 - 5 years of fixed income investment experience is required
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
Preferred
A college or university degree is preferred
Benefits
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
Other voluntary and well-being benefits
Discretionary bonus program that may include an equity component
Company
Northern Trust
Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, fiduciary and banking.
10001+ employees
H1B Sponsorship
Northern Trust has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (180)
2024 (203)
2023 (102)
2022 (74)
2021 (298)
2020 (83)
Funding
Current Stage
Public CompanyTotal Funding
$1.25B2025-11-20Post Ipo Debt· $1.25B
1978-01-13IPO
Leadership Team
Michael O'Grady
President, Chief Executive Officer & Director
Peter Cherecwich
Chief Operating Officer
Recent News
Business Wire
2025-12-18
2025-12-11
Company data provided by crunchbase