Director of Capital Structure Research - Chicago, IL, United States - Northern Trust

Description

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.

Working Model:
Hybrid (#LI- Hybrid)We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home

Role/ Department:

Director of Capital Structure Research/Global Fixed Income, Asset ManagementAbout Northern Trust Asset ManagementWe are a premier asset management firm, focusing on delivering unique insights and superior risk adjusted returns in partnership with our clients.

Who We AreWe measure success as achieving investors' desired outcomes and delivering an exceptional client experience, rather than simply beating a benchmark.

We work hard to provide clarity, to minimize complexity, to explain risk and to avoid unexpected surprises.

We are client focusedWe have a clear mission:
deliver superior investment performance and client service to our clients.

We are intellectually curiousWe constantly search for "what we don't know" – keeping an open mind to new ways of improving our investment process and interactions with our clients.

We are always seeking diversity of thoughtWe work as a team that values diversity and inclusion. That extends to diversity of thought and open communication.
We are collaboratorsWe foster a culture of collaboration in which we learn from and inspire one another. That collaboration extends to our clients where collaboration can lead to real problem solving.

We are innovatorsWe have intentionally organized our global fixed income professionals around core competencies as it relates to sources of risk.

A focus on core competency, with investors close to the ground, keeps us connected to market innovations as we maintain a foundational view of risk.

This model creates flexibility – and when combined with our technology model, it allows us to be innovative in partnership with our clients.

We are responsible investorsAs stewards of capital, we believe we have a responsibility to our clients to have an active understanding of the risks posed by non-financial risks.

Our teams have access to a proprietary data model which enables them to evaluate a wide variety of applicable metrics across environmental, social and governance factors.

We believe this is part of a comprehensive fundamental research process as well as an integral part of the risk management process.

It canalso be a source of alpha.
Our CultureIn simple terms our culture can best be described as empowerment with accountability.
Our culture is based upon the power of the idea and not the source. It is disciplined and analytical, yet extremely challenging and collegial.

We hold ourselves to a high standard of excellence and strive for complete transparency and open-dialogue in our interactions and decision making.

Our investment process is the embodiment of our culture. Our assumptions need to be constantly "challenged with respect" and that only happens if we foster a meritocracy.
Our research and portfolio management teams are fully integrated. We believe the combination of these skill sets and perspectives directly benefits our clients.

The portfolio managers' skill set includes market knowledge of the structural and fundamental drivers of asset classes, sectors, and individual corporations acquired through years of experience and research.

Our fundamental researchers provide a deeper analysis and examine risk and return opportunities across the entire capital structure while also incorporating non-financial risks into their analysis.

Our quantitative researchers provide a complementary skill set in the form of higher-level quantitative and programming skills that are applied to the development and improvement of both our security selection and overall investment processes.

The combination of these skills sets, combined with our macroeconomic research and scenario analysis, provides for a sophisticated, intuitive, and fundamental approach to making investment decisions.

We have also built the proprietary systems and tools that allow our teams to adequately define and measure key risks – this forms the backbone of our investment process and is the "common language" we all speak.

Importantly, it also allows risk management to be integrated into the investment process at every step. Put simply, we are all managers of risk.

Lastly, these teams come together with our portfolio construction team to ensure that risks are taken prudently and efficiently – emphasizing intended risks and more importantly, eliminating unintended risk from the portfolios we manage.

We are then further supported by a robust infrastructure of traders, operations, client service, and dedicated risk management and systems professionals who provide the framework upon which our investment skills are supported.

About Your RoleThe successful candidate will be responsible for leading an investment analyst team focused on the entire capital structure with a focus on publicly listed equities, investment grade issuers, and high yield issuers (including private placements).

The candidate will act as a player/coach in developing and implementing an organizational plan to maximize the effectiveness of the recently combined equity and fixed income research teams, supporting an array of products and client segments.

The key responsibilities of the role include:

Lead team of 20+ fundamental investment analysts toward a goal of delivering superior investment ideas and value-added perspective across the capital structureProvide a strategic vision and organizational plan that will include: coverage model, capacity optimization, documentation/rating standards, and other key considerations.

Develop and maintain relationships across business segments to identify needs and prioritize team efforts and resources of the capital structure team.

Ensures that assigned issuers and industry sectors are reviewed, analyzed, and document on a timely basis, in compliance with internal and external regulatory requirements are fulfilled.

Builds and maintains relationships with outside rating agencies, sell-side equity analysts, and sell-side fixed income analysts.
Work alongside global sustainability and stewardship investment professionals to provide a comprehensive framework for financially material corporate risks.

Determine and implement the optimal organizational structure to best leverage the combined company, industry and asset class expertise in support of portfolio managers across equity and fixed income, as well as across client segments.

Establish and implement best practices across the research team, including introduction/development of tools/models/techniques aimed at improving the research process.

Determine opportunities for improvement in the communication of the capital structure team via written and oral communication, tailored to the needs of portfolio managers and other internal/external constituents.

Skills/ Qualifications:
The successful candidate will benefit from having:Demonstrated success as a credit/High Yield analyst at a buy-side investment firm.
Ability to perform and provide instruction on financial modeling in consideration of bond covenants when generating an investment decision.
Proven leadership and managerial experience required.
Ability to be a player/coach on the team with industry coverage.

Strong proficiency of Aladdin, Bloomberg, and FactsetWorking 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 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.


SummaryLocation:

Chicago, ILType:
Full time