Derivatives Solutions Lead

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Summary

The Derivatives Solutions Lead will be responsible for leading NTAM’s Overlay business and driving its growth. In this role, the person will work with distribution and trading to bring a derivative solutions platform to clients to meet their investment goals. The Overlay team will be required to develop, implement, and manage hedging strategies across equity, rates, currency, credit and commodity asset classes.

Responsibilities

• Develop, structure and implement customized multi-asset hedging solutions for clients to achieve investment goals.
• Drive operational capabilities across a full complement of derivative products.
• Oversee the management of client portfolios and establish investment processes and operational controls that efficiently manage portfolio exposures and mitigate operational risk.
• Present overlay solutions capabilities and services to prospective clients and drive NTAM’s growth in market share.
• Collaborate with operations, reporting and performance to establish a support model which provides the required operational processes for derivatives trading and client reporting.
• Review client performance and attribution to determine the effectiveness of the current investment process and implementation strategies and formulate any necessary changes to be enacted going forward.
• Work with the Global Trade Desk to effectively and efficiently implement derivative overlay strategies.
• Engage with sell-side coverage to further understanding of market developments and to source investment ideas.
• Provide expertise and insights regarding derivative industry innovation and regulation to clients and internal partners.
• Manage and foster an overlay implementation team which will research, construct and implement hedging strategies across asset classes.

Qualifications & Education

• 10+ years of investment industry experience
• 5+ years of experience as an Overlay PM or in a PM role where derivatives expertise has been attained.
• Knowledge of modern portfolio theory and experience with utilizing an optimizer and risk model.
• Experience with Aladdin, MSCI Barra or Axioma.
• Excellent written and verbal communication skills and the ability to present ideas clearly and efficiently.
• Bachelor's degree required.
• MBA, CFA or other advanced degree is a plus.

Salary Range:

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.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.