Northern Trust is looking to hire a head of its outsourced CIO business, according to a company job posting on its site and on LinkedIn. The firm’s OCIO business has $111.9 billion assets under management, as of the end of June.
The head will be expected to lead the OCIO team and develop and implement strategic and business plans, as well as collaborate with Northern Trust’s global CIO. The successful candidate will also manage the operational aspects of the OCIO business, which includes compliance, risk management and technology integration. The OCIO head is a new role designed to “strengthen and grow” the business, according to a spokesperson.
The position, a hybrid role based in Chicago, also involves overseeing client relationships and working with the sales and marketing team to develop and implement OCIO business development strategies. The new OCIO head will also work with client investment officers to set investment guidelines toward designing investment management agreements.
The head of OCIO will work closely with the CIO of asset allocation to determine asset allocation strategies to maximize investment performance for client portfolios.
Qualifications for the job include a bachelor’s degree in finance, business, economics or a related field, although those with an MBA or a CFA designation are preferred. The candidates must also have at least 15 years of experience in investment management, particularly concerning OCIO services or in similar roles.
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Tags: job posting, LinkedIn, Northern Trust, OCIO