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.
Role Overview
Northern Trust Asset Management is seeking a senior investment leader to serve as Head of Multi-Manager Investment Solutions. Reporting to NTAM’s Global Co‑Chief Investment Officers, this role is the senior investment authority for the firm’s multi‑manager platform, with responsibility for external manager selection, portfolio‑alignment assessment, and ongoing oversight across public markets spanning equity, fixed income and real asset strategies.
The Head of Multi‑Manager Investment Solutions platform supports NTAM’s OCIO and Wealth Management businesses and spans ~300 investment strategies across more than 65 sub‑asset classes, sourced from over 150 specialist asset managers globally.
The Head of Multi‑Manager Investment Solutions sets research priorities, ensures disciplined and repeatable investment decision‑making, and provides senior investment judgment across the full external‑manager lifecycle—from initial sourcing and approval through implementation and ongoing monitoring.
Key Responsibilities
- Serve as the senior investment authority for NTAM’s Multi‑Manager platform, with accountability for external manager selection and oversight.
- Own and govern the end‑to‑end external manager lifecycle, including sourcing, screening, qualitative and quantitative evaluation, investment‑committee recommendations, onboarding, and ongoing monitoring and watchlist management.
- Establish and continuously refine research frameworks covering people, philosophy, process, portfolio construction, performance, risk management, fees, organizational stability, and operational resiliency.
- Oversee a high‑intensity research agenda encompassing more than 750 manager meetings annually, disciplined hiring and termination decisions, and periodic deep‑dive reviews.
- Provide senior oversight of operational due diligence in partnership with dedicated ODD professionals and internal partners (Compliance, Risk, Legal, Operations), ensuring operational risks are appropriately assessed and incorporated into investment decisions.
- Translate manager research into actionable investment guidance for OCIO portfolios, Wealth Management platforms, and multi‑manager funds while maintaining independent, fiduciary‑minded judgment.
- Represent NTAM in senior‑level discussions with external managers, internal investment committees, and key clients; clearly articulate conviction, risks, and implementation considerations.
- Lead, mentor, and develop a globally distributed team of investment research and operational due‑diligence professionals, fostering a culture of intellectual rigor, accountability, and continuous improvement.
- Remain closely attuned to market structure evolution, regulatory developments, and emerging opportunities—including Active ETFs, custom active and tax‑managed SMAs—to inform future platform positioning.
Qualifications
- 15+ years of experience in multi‑manager investing, manager research, OCIO, investment consulting, or institutional asset allocation with senior investment leadership responsibility.
- Deep understanding of public and private markets, portfolio construction, manager evaluation, and risk management across asset classes.
- Demonstrated experience leading disciplined investment governance and committee‑based decision processes.
- Strong written and verbal communication skills, with experience presenting to senior investment committees, boards, and sophisticated clients.
- Bachelor’s degree required; advanced degree (MBA or equivalent) and CFA charter strongly preferred.
Salary Range:
$205,700 - 360,100 USDSalary 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.
Skills Required
- 15+ years of experience in multi-manager investing, manager research, OCIO, investment consulting, or institutional asset allocation with senior investment leadership responsibility.
- Deep understanding of public and private markets, portfolio construction, manager evaluation, and risk management across asset classes.
- Demonstrated experience leading disciplined investment governance and committee-based decision processes.
- Experience overseeing operational due diligence in partnership with Compliance, Risk, Legal, and Operations.
- Proven ability to translate manager research into actionable investment guidance for OCIO, Wealth Management, and multi-manager funds.
- Experience leading, mentoring, and developing a globally distributed investment research and ODD team.
- Strong written and verbal communication skills, including presenting to senior investment committees, boards, and sophisticated clients.
- Bachelor's degree.
- Advanced degree (MBA or equivalent).
- CFA charter.
Northern Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northern Trust and has not been reviewed or approved by Northern Trust.
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Retirement Support — A 401(k) with company match alongside an employer‑funded defined‑benefit pension is highlighted in employer‑verified materials and filings, setting the retirement package apart from many private employers.
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Leave & Time Off Breadth — PTO is portrayed as solid overall, and two paid volunteer days per year are clearly documented across corporate materials.
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Parental & Family Support — Company sources and postings reference paid parental and caregiver leave and recent enhancements to parental benefits, indicating meaningful family support within the package.
Northern Trust Insights
What We Do
As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence. Since our roots as a trust bank, we’ve grown to a global presence with more than 24,000 employees in more than 20 countries and across six core business units: Wealth Management Asset Management Asset Servicing Technology Corporate Functions Enterprise Operations Join a Team That’s Achieving Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done. Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you. Delivering value and adhering to our enduring principles What are enduring principles? Since our founding, they have guided our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity . What does this mean? Service Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results. Expertise Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions. Integrity Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.
Why Work With Us
At Northern Trust, we go further because we go together. We embrace flexibility, encourage balance, and prioritize inclusion at all levels, working together to keep you connected. We are committed to our employees—all 24,000 of them. Whether this is a first step or a bold new leap in your career, we’re here to help you move forward.
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