Jobs › Northern Trust

Client Portfolio Manager, Multi-Manager Solutions (MMS)

Northern Trust · Chicago, IL · $114,500–$194,700 a year · Full time

Posted Sep 16, 2026 · We last checked this listing on Oct 6, 2026

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Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

Tell me about thought leadership you helped create. How did it reach clients?

What they are checking: Ability to turn market insight into content that supports commercialization.

Describe a time you acted as the link between portfolio managers and a sales team.

What they are checking: Experience in the bridge role between investment and distribution functions.

How do you work independently when there's little guidance?

What they are checking: Self-direction and judgment, since the posting says this person receives minimal guidance.

What would you do

How would you explain the value of a multi-manager approach to a client who prefers low-cost passive funds?

What they are checking: Ability to make an honest case for manager selection and diversification while respecting fees.

Walk me through how you'd present MMS strategy performance in a quarter when it lagged the benchmark.

What they are checking: Clear attribution and candid communication that maintains client confidence.

How would you tailor the same strategy discussion for a wealth audience versus an institutional one?

What they are checking: Range in communication across channels the role covers.

A salesperson asks you a technical question you can't answer right away. What do you do?

What they are checking: Honesty and follow-through, which build credibility with distribution partners.

About the work

How do you evaluate and explain manager selection and allocation decisions in a multi-manager portfolio?

What they are checking: Technical understanding of due diligence, style blending and risk budgeting across managers.

What's your view on current market conditions, and how would MMS strategies be positioned for them?

What they are checking: Market fluency and ability to connect views to the firm's strategies.

What metrics do you use to analyze a portfolio's risk and return?

What they are checking: Working knowledge of tracking error, information ratio, drawdowns and factor exposures.

Practice this interview out loud.

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The full job description

As published by Northern Trust.

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. Position Summary: The Client Portfolio Management (CPM) role sits between portfolio management and distribution/client service and is charged with commercializing Northern Trust Asset Management (NTAM) capabilities across all channels including wealth and institutional. Works independently; receives minimal guidance. Responsibilities: • Serves as a point of contact for technical support and basic knowledge across targeted NTAM strategies, and as a primary point of contact and subject matter expert on MMS strategies. • Assists with the development of thought leadership driven by continued connectivity to the marketplace and consideration of client needs and industry trends. • Partners with internal areas including sales, WCG (wealth client group), product management, marketing, and legal to ensure covered strategies are best represented to the marketplace. • Assists with the development of additional capabilities that meet/anticipate client trends • May lead projects or project steps within a broader project or may have accountability for on-going activities or objectives. • Regularly attends manager research team meetings and keeps current on all research recommendation and reports. • Works in a collaborative fashion with other areas of NTAM. Requirements: • 5+ years investment related experience with related multi-manager investment, asset management and/or investment analysis experience. • MBA or CFA Level 1 preferred Competencies/Skills: • Develop Northern Trust acumen with the ability to leverage strategic relationships to optimize results. • Knowledge of investments, financial markets, and asset management business • Excellent analytical skills with the ability to synthesize qualitative judgment and quantitative analysis into clear investment recommendations. • Familiarity with generative AI tool to draft content, summarize report or streamline daily workflows is a plus. • Excellent verbal and written communication skills, analytical ability, thought leadership, decisiveness, strong judgement, and the ability to work effectively with internal and external clients, partners, and management. • Highly flexible and adaptable to change • Strong organizational skills • Ability to manage multiple priorities in a fast-paced, autonomous environment. Salary Range: $114,500 - 194,700 USD Salary 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 MyHRHelp@ntrs.com , or alternatively you can discuss your individual requirements with the recruiter you are working with.

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