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Account Manager, WM Advisory
About the position
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. Account Manager, Wealth Management Advisory Responsible for supporting/servicing team client relationships by coordinating administration of complex fiduciary, investment management, and/or custody accounts. This partner helps on-board and maintain accounts, responds to client inquiries, produces action plans and reports, and oversees transaction processing in coordination with the Client Support Services Team. This partner assists Wealth Management Relationship Advisors with client requests, meetings, and creating client presentations. Under general supervision (but works independently most of the time).
Responsibilities
- Coordinates account administration for fiduciary, investment management, and/or custody accounts for complex client relationships.
- Coordinates resolution of client issues and informs clients of steps taken to resolve requests or problems.
- Develops and maintains working knowledge of governing documents and account agreements.
- Receives service requests from clients and other partners, and communicates to service partners; obtains appropriate information from partners and clients to facilitate service changes or transactions.
- Oversees development of appropriate action plans for client servicing events and ensures execution and follow-up; communicates with clients regularly to inform them of account set-up or status, document requests, cash transfer requests, or other information.
- Engages the Client Support Services Team on execution of client servicing events, account opening and closing, cash movement, and fee set-ups.
- Identifies service efficiency enhancements, process improvements, and service delivery using creative and proactive measures.
- Develops and maintains a working knowledge of various business applications critical to relationship management including client on-line tools and internal processes, etc.
- Assists Relationship Advisors, in account acceptance process, discretionary request analysis and process, compliance management and annual account review process; ensures appropriate documentation is collected and imaged; ensures systems information is up-to-date; ensures accurate set up and review of fees; documents services provided, specialized procedures, and ongoing written communications with client as appropriate in managing daily activity.
- Assists Relationship Advisors with business development and client presentations.
- Able to serve as a key subject matter expert and mentor to other more junior level employees over time.
- Able to facilitate discussions and reach decisions.
Requirements
- Excellent oral and written communication skills are required.
- Analytical, problem solving, and organizational skills are required; acute attention to detail is a must.
- A College or University degree and/or relevant proven work experience is required.
Nice-to-haves
- In-depth functional/industry knowledge of personal trust, estate and advisory services and products, usually acquired through related work experience, is preferred but not required.
- Prefer a candidate who is motivated for a career in wealth management.
- Proven years of experience in wealth management or related experience/credentials is preferred but not required.
Benefits
- 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.
