Head of Alternative Products - Military veterans preferred

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Head of Alternative Products

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locations

Chicago, IL

time type

Full time

posted on

Posted 3 Days Ago

job requisition id

R123001

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. As a global leader in asset management, Northern Trust Asset Management (NTAM) serves the world’s most-sophisticated investors – from sovereign wealth funds, pension plan sponsors and financial intermediaries to wealthy families and individuals and the advisors that serve them. Our asset management capabilities in index management, cash management, quantitative research, portfolio construction, tax-advantaged equity, alternatives, sustainable investing and manager selection provide a rich set of capabilities which we tailor to meet the needs of investing clients around the globe. The mission of the Global Product organization is to translate our investment management capabilities into a comprehensive product strategy rooted in the firm’s strategic growth plans. Global Product focuses on innovation, commercialization and product lifecycle management. We work collaboratively with our partners in investment manufacturing and distribution to ensure that we meet or exceed the firm’s growth objectives, deliver innovative strategies, foster deeper client engagement through differentiated positioning and strengthen the foundation of our product capabilities. About Your Role The

Head of Alternative Products

will serve as the focal point for the development of NTAM’s Alternative strategies specifically engineered for delivery through funds. This leadership role will collaborate closely with partners in Northern Trust’s existing alternatives business, 50 South Capital, to develop the strategies, structures and go-to-market plan to drive organic revenue growth for our Alternatives platform in the intermediary market. Key Responsibilities: The Head of Alternative Products will Partner with the Investments and Distribution teams to identify and/or develop specific strategies for the US Intermediary market, e.g. private equity, private credit. Develop the product structures (e.g., evergreen funds/ interval funds) in collaboration with partners from Product, Investments, Legal and Compliance, etc. Partner with stakeholder functions to ensure appropriate risk management and governance framework, metrics and monitoring is in place. Partner with the Co-Heads of US Wealth Client Group to develop a focused go-to-market strategy to grow our Alternatives market penetration in the Wealth Manager/ Intermediary market segments, including developing pre-launch marketing strategies and identifying anchor clients. Partner with Marketing to commercialize existing strategies and create impactful and differentiated content that demonstrates our Alternatives value proposition to clients in different market segments. Explore and test the potential for market expansion in international segments (e.g., UK Intermediary) and evaluate structuring options (e.g. Alternative Investment Funds) for those markets. Determine optimal path to commercialization of our Alternatives platform in international market segments. Skills/Qualifications: Bachelor’s degree required; MBA and/or CFA strongly preferred. 15+ years of work experience in the investment management industry, with extensive experience in Alternatives, either in investments, or product development, or client-facing roles. Demonstrated leadership and interpersonal skills, including the ability to build a strong team and foster collaboration with key stakeholders across Northern Trust Strong analytical and business management skills with the ability to develop strategic goals and translate into specific and measurable execution plans. Results-oriented, client-centric focus and problem-solving mindset 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. Similar Jobs (4)

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or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), 1800-425-0333 (India), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information. Equal Employment Opportunity Statements

APAC/INDIA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development. Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance. EMEA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development. USA EEO STATEMENT It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status.

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