Northern Trust

Portfolio Manager Specialist - Interest Rate Derivatives and Hedging

Northern Trust

Chicago, IL, USA
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

Welcome to Northern Trust, where we strive to provide exceptional financial services to our clients. We are currently seeking a skilled Portfolio Manager Specialist with expertise in Interest Rate Derivatives and Hedging to join our team. In this role, you will be responsible for managing portfolios for our clients, utilizing your specialized knowledge of interest rate derivatives and hedging strategies. As a member of our team, you will have the opportunity to work with a diverse group of clients and contribute to the overall success of our organization. If you have a strong background in portfolio management, a deep understanding of interest rate derivatives, and a passion for delivering top-notch service to clients, we encourage you to apply for this exciting opportunity.

  1. Manage client portfolios: The Portfolio Manager Specialist will be responsible for managing portfolios for our clients, ensuring that their financial goals and objectives are met.
  2. Utilize expertise in interest rate derivatives and hedging: This role requires a deep understanding of interest rate derivatives and hedging strategies, and the Portfolio Manager Specialist will be responsible for utilizing this knowledge to make informed decisions for clients' portfolios.
  3. Provide exceptional financial services: As a representative of Northern Trust, the Portfolio Manager Specialist is expected to provide exceptional financial services to clients, building and maintaining strong relationships.
  4. Work with a diverse group of clients: The Portfolio Manager Specialist will have the opportunity to work with a diverse group of clients, including individuals, corporations, and institutions.
  5. Contribute to the overall success of the organization: The Portfolio Manager Specialist will play a crucial role in contributing to the overall success of Northern Trust by effectively managing portfolios and delivering high-quality service to clients.
  6. Stay up-to-date on market trends and developments: It is essential for the Portfolio Manager Specialist to stay informed about market trends, economic developments, and regulatory changes related to interest rate derivatives and hedging.
  7. Collaborate with internal teams: The Portfolio Manager Specialist will work closely with other teams within Northern Trust, such as research, risk management, and compliance, to ensure portfolio management aligns with the organization's overall strategies and objectives.
  8. Evaluate and monitor risks: The Portfolio Manager Specialist will be responsible for evaluating and monitoring risks associated with interest rate derivatives and hedging strategies, ensuring that clients' portfolios are appropriately managed and aligned with their risk tolerance.
  9. Communicate portfolio performance to clients: The Portfolio Manager Specialist will regularly communicate portfolio performance and provide updates to clients, addressing any questions or concerns they may have.
  10. Participate in professional development: The Portfolio Manager Specialist will be expected to participate in ongoing professional development to stay current with industry best practices and enhance their skills and knowledge.
Where is this job?
This job is located at Chicago, IL, USA
Job Qualifications
  • In-Depth Knowledge Of Interest Rate Derivatives And Hedging Strategies: A Strong Understanding Of Interest Rate Swaps, Options, And Other Derivative Products Is Essential For This Role. This Includes Knowledge Of Pricing Models, Risk Management Techniques, And Market Trends.

  • Experience In Portfolio Management: The Ideal Candidate Should Have At Least 5 Years Of Experience In Portfolio Management, With A Focus On Interest Rate Derivatives And Hedging. This Should Include A Track Record Of Successfully Managing Portfolios And Delivering Strong Returns.

  • Strong Analytical Skills: As A Portfolio Manager Specialist, The Ability To Analyze Complex Financial Data And Make Informed Investment Decisions Is Crucial. Candidates Should Have Strong Quantitative Skills And Be Able To Identify And Assess Risks Associated With Interest Rate Derivatives.

  • Excellent Communication And Relationship-Building Skills: This Role Requires Regular Interaction With Clients, Colleagues, And Other Stakeholders. The Ideal Candidate Should Have Excellent Communication Skills, Both Written And Verbal, And The Ability To Build And Maintain Strong Relationships.

  • Relevant Certifications And Qualifications: A Bachelor's Degree In Finance, Economics, Or A Related Field Is Typically Required For This Role. Additionally, Candidates With Relevant Certifications Such As A Cfa Or Frm Will Be Preferred. Knowledge Of Relevant Regulations And Compliance Requirements Is Also Important.

Required Skills
  • Risk Management

  • Financial Analysis

  • Client Relationship Management

  • Performance analysis

  • Asset allocation

  • Portfolio optimization

  • Investment Research

  • Portfolio Monitoring

  • Hedging Strategies

  • Derivatives Trading

  • Interest Rate Forecasting

Soft Skills
  • Communication

  • Conflict Resolution

  • Emotional Intelligence

  • Leadership

  • Time management

  • Interpersonal Skills

  • creativity

  • Teamwork

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Portfolio Manager Specialist - Interest Rate Derivatives and Hedging in Chicago, IL, USA is $90,000 to $130,000 per year. However, this can vary based on factors such as experience, education, and specific job responsibilities. Some individuals in this role may earn more than $130,000 per year, while others may earn less than $90,000 per year. It is important to also consider bonuses and other forms of compensation that may impact overall earnings.

Additional Information
Northern Trust is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedNovember 21st, 2024
Apply BeforeMay 22nd, 2025
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About Northern Trust

Northern Trust Corporation is a financial services company that caters to corporations, institutional investors, and ultra high net worth individuals. It is one of the largest banks in the United States and one of the oldest banks in continuous operation.

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