Full-Time

Senior Managing Director

Posted on 1/15/2025

Northern Trust

Northern Trust

10,001+ employees

Compensation Overview

$205.7k - $360.1kAnnually

+ Bonus + Equity Component

Senior, Expert

Chicago, IL, USA

Category
Asset Management
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Business Strategy
Requirements
  • Leadership and organizational skills to determine goals, resource needs, and to assess and develop the skills of staff.
  • Knowledge of business strategy development to provide long term planning and to manage the profitability/performance of a major business segment.
  • Deep and specific expertise in the nonprofit OCIO segment.
  • Externally focused with experience in networking and driving growth.
  • Developing a sales and marketing strategy to expand the client footprint across the Midwest.
  • Leading a dynamic and talented team of 25 investment, asset servicing and sales professionals.
  • A College or University degree and/or relevant proven work experience is required/preferred.
Responsibilities
  • Plans and directs all activities for the Central region Foundation and Institutional Advisors practice which focuses on nonprofit and ERISA OCIO business.
  • Communicates overall strategy to reporting managers and employees.
  • Upholds corporate policies and procedures.
  • Develops objectives and strategic plans for location or market that meet Business Unit and Corporate objectives.
  • Directs activities of office or location toward accomplishing those objectives.
  • Oversees development and monitoring of financial planning, and pricing of products and services.
  • Responsible for capital and expense budget.
  • Oversees client interactions and communications.
  • Monitors retention of current clients and broadening of relationships.
  • Identifies and researches potential for community or market expansion.
  • Develops sales goals for new business.
  • Oversees communication strategies and identification of prospective clients/business.
  • Participates in sales presentations.
  • Investigates strategic opportunities for acquisition or expansion.
Desired Qualifications
  • Completion of any of the following educational and/or professional designations strongly preferred: MBA, CFA, CFP, CIMA, CPWA, CAIA.

Company Size

10,001+

Company Stage

IPO

Headquarters

Menlo Park, California

Founded

1889

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for ESG solutions boosts Northern Trust's asset servicing business.
  • Rise of digital assets presents expansion opportunities for Northern Trust's custody services.
  • Outsourcing trend in finance increases demand for Northern Trust's third-party services.

What critics are saying

  • Competition in asset servicing may pressure Northern Trust's market share.
  • Rapid digital banking adoption by competitors could outpace Northern Trust's advancements.
  • Geopolitical tensions may disrupt Northern Trust's operations in Asia.

What makes Northern Trust unique

  • Northern Trust collaborates with TCS to enhance its securities services offering.
  • Northern Trust secures asset servicing mandates from Generation Life and Brickwood Asset Management.
  • Northern Trust partners with Foundation Source for modern private foundation management services.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

Hybrid Work Options

Flexible Work Hours

Mental Health Support

Wellness Program

Company News

ChannelDrive
Mar 8th, 2025
Northern Trust Picks TCS to Transform its Securities Services Offering

Tata consultancy services (TCS), a global enabler in IT services, consulting, and business solutions, has signed an expanded deal with Northern Trust, a global financial institution, to centralize and standardize its custody operations across 99 direct and global markets.

Funds Global Asia
Mar 4th, 2025
Northern Trust secures asset servicing mandate from Generation Life

Under the new mandate, Northern Trust will deliver global custody and valuation reporting services for AU$1.5 billion in Generation Life's portfolio assets, which include domestic and international equities, bonds, foreign exchanges, etc.

Defense World
Mar 4th, 2025
StockNews.com Begins Coverage on International Tower Hill Mines (NYSE:THM)

Northern Trust Corp purchased a new stake in shares of International Tower Hill Mines in the fourth quarter worth about $46,000.

Florida Trend
Mar 4th, 2025
Florida Trend Magazine

Lynch succeeds Paul Williams, who retired after 41 years with Northern Trust.

Asset Servicing Times
Mar 3rd, 2025
Brickwood Asset Management selects Northern Trust for asset servicing solutions

Northern Trust has been selected by UK asset management boutique Brickwood Asset Management to provide asset servicing solutions.

INACTIVE