Municipal Bond - Senior Fixed Income Portfolio Manager

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.Northern Trust Asset Management | Global Fixed IncomeMunicipal Bond - Senior Fixed Income Portfolio ManagerFixed Income – Municipal BondsAbout Your RoleThe successful candidate will be responsible for developing, directing, and executing investment strategy for Northern Trust’s municipal bond platform.You will drive the following responsibilities:Serve as portfolio manager and thought leader on municipal strategies within NTAM’s organizationMonitor and report on market and economic conditions, selection of appropriate investments, and structuring and executing transactionsAssist in the development of portfolio strategies through evaluation of the varying stimuli that affect the fixed income market, the shape of the yield curve, yield spreads, rating changes, and supply/demand factors.Plan overall portfolio structure utilizing security analytical information, economic factors, and bond market conditions in conjunction with the client's investment objectives.Analyze and report on the performance of the portfolios relative to their respective benchmarks, including risk-adjusted returns vs. the objective, performance attribution, and expected and actual tracking error and any other factors deemed appropriateWork in close coordination and partnership with all global fixed income staffEstablish and maintain professional contacts within the Fixed Income industry to further develop market knowledge and expertiseContribute to team’s disciplined investment philosophy and new product development effortsEngage with our most sophisticated clients for new business and existing relationshipsThe Minimum Qualifications We Find ValuableAt least 10 years of active fixed income portfolio management experience, mostly in municipalsExperience in managing funds and/or high yield municipal portfolio management preferredMunicipal fundamental credit knowledge requiredA demonstrated 1-3-5 year investment track recordKnowledge of economic principles and trends, various markets and the roles of various industry participants, and management techniques related to retail and institutional portfolios, including risk management, monitoring, and reportingAbility to communicate product portfolio features and articulate investment philosophy and process, portfolio holdings and the rationale behind portfolio constructionA long-term, disciplined investment philosophy but also a creative thinker who prides him/herself on independent thinking and uncovering hidden opportunitiesStrong quantitative, financial analysis and problem-solving skillsStrong communication and presentation skillsSuperior interpersonal skillsProficiency in Excel and BloombergEDUCATIONA Bachelor’s degree in Finance or related discipline. Masters’ Degree/MBA or industry certifications (CFA, CAIA etc.) preferred.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. #MadeForGreaterReasonable accommodationNorthern 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.

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