About Northern Trust
Founded in 1889, Northern Trust is a Fortune 500 company that stands tall amongst the world’s leading financial institutions. It is globally recognized and has bagged numerous awards for its innovative financial services and expert guidance. The company attributes its success to its core principles of service, expertise, and integrity, which it has faithfully upheld for over 130 years. With a workforce of more than 22,000 partners, Northern Trust is committed to serving the world’s most sophisticated clients, leveraging leading technology and exceptional service. [1]
The Role of an Account Manager in Banking
At Northern Trust, the role of an Account Manager is pivotal to the functioning of the banking and lending team. They are the bridge between the lenders and the underwriting team, providing credit support for a variety of tasks. This includes due diligence for new loan requests, monitoring financial covenants, tracking financial reporting, reviewing loan documents, and communicating with clients, amongst other business development activities. They serve a clientele that includes over 25% of the Forbes 400 Wealthiest Americans, offering unrivaled insight into the complexities of managing wealth. [2]
Specific Responsibilities of an Account Manager
As the initial contact for complex client or partner inquiries, an Account Manager assists in creating and implementing complex banking solutions for new and existing Wealth Management clients. They also assist bankers with internal administration of accounts, business development, and client presentations. Their role extends to due diligence at the onset of a credit opportunity, including gathering financial statements and other credit information required to assess a loan.
They also coordinate with the service team to execute daily client transaction activity and transaction processing. This includes managing fees, payments, and borrowings; handling inquiry resolution; obtaining the necessary documentation for credit underwriting and maintenance; and ensuring systems information is up-to-date.
Account Managers also work closely with the service team on deposit-related transaction processing, oversee the development of appropriate action plans for client servicing, and serve as a resource for the relationship servicing team for highly complex Wealth Management relationships.
Qualifications for an Account Manager
The ideal candidate for the Account Manager role at Northern Trust should have at least three years’ experience, or equivalent, in financial servicing or accounting fields with a strong client servicing background. They should be knowledgeable about banking products and services, and have a clear understanding of internal banking functions. Analytical, problem-solving, and organizational skills are also essential for this role.
Working with Northern Trust
Working at Northern Trust offers the opportunity to be part of a flexible and collaborative work culture, where financial strength and stability are assets that inspire innovation. The company encourages movement within the organization, and senior leaders are easily accessible. Employees can take pride in working for a company that is committed to assisting the communities it serves.
As a Northern Trust partner, you can aim for greater achievements. The company is keen to explore how your interests and experience could be a fit with one of the world’s most admired and sustainable companies.
Reasonable Accommodation
Northern 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, Northern Trust’s HR Service Center is always ready to help.
The company values an inclusive workplace and understands that flexibility means different things to different people. If you’re excited about this role and the opportunity to work with Northern Trust, apply today and discuss your flexible working requirements. Together, you can achieve greater.
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