Northern Trust
Senior Index Portfolio Manager, Fixed Income - Asset Management
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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
Northern Trust Asset Management (NTAM) is an over a trillion dollar investment management firm entrusted by investors around the globe to help them navigate changing market environments, so they can confidently realize their long-term objectives.
The Senior Index Portfolio Manager is responsible for the management, oversight, and development of passive fixed income portfolios for institutional clients. The role combines portfolio management expertise, quantitative analysis, risk management, client engagement, and innovation to deliver investment outcomes while driving continual improvement in investment processes and technology.
Key Responsibilities
- Lead portfolio construction, implementation, risk management, and performance oversight of passive fixed income mandates
- Manage tracking error, transaction costs, benchmark alignment, and regulatory compliance
- Analyse portfolio performance, attribution, risk exposures, and portfolio optimisation opportunities
- Apply quantitative techniques and data-driven insights to improve portfolio outcomes and implementation efficiency
- Champion the use of technology, coding, automation, and AI to enhance portfolio management, monitoring, reporting, and operational resilience
- Develop analytical tools, automated workflows, and AI-enabled solutions that support investment decisions and team productivity
- Collaborate with trading, research, operations, risk, technology, and client-facing teams
- Support new product development, investment process improvements, and strategic initiatives
- Represent the investment team in client meetings, due diligence reviews, and industry engagements
- Mentor and develop junior portfolio managers and analysts
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Skills & Qualifications
- Extensive experience managing passive fixed income portfolios
- Deep understanding of fixed income markets, portfolio construction, benchmark management, and risk analytics
- Strong quantitative and analytical capabilities with experience in portfolio optimisation techniques
- Proficiency in Python, SQL, or similar programming languages, with a demonstrated ability to develop investment tools and automation solutions
- Experience leveraging AI, data science, and technology to improve investment processes and scalability
- Excellent communication and stakeholder management skills
- Strong leadership, coaching, and collaboration capabilities
- Sound understanding of regulatory, compliance, and governance requirements
- CFA preferred
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Education
- Degree in Finance, Economics, Mathematics, Statistics, Engineering, Computer Science, or a related discipline
Work Authorization
Applicants must have the right to work in the United Kingdom at the time of application and for the duration of employment.
Please note that Northern Trust is unable to provide visa sponsorship for this role. This includes Skilled Worker visas, Global Business Mobility routes, Graduate visas, Youth Mobility Scheme, High Potential Individual visas, Scale-up Worker visas, Temporary Worker visas, and other employer-sponsored visa categories.
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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