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Middle Office Specialist - Public Investments

At Northwestern Mutual, we are strong, innovative and growing. We invest in our people. We care and make a positive difference.

Summary

Northwestern Mutual’s Public Investment Department manages over $100 billion in investment grade and high yield fixed income assets backing NM’s General Account insurance products and retirement plan assets, and oversees more than half of the company’s total General Account assets.  The team actively manages these assets with a goal of generating long-run total returns in excess of benchmarks, while also pursuing other goals of the company.  This role will be within the Middle Office of Public Investments.

Provide middle office support within Public Investments (PI), which ensures smooth execution of PI investments. Help resolve complex problems to ensure timely settlement of all transactions. Act as a technical expert in assigned areas. Develop and implement new initiatives and assist with process re-engineering projects. Assisting in the improvement of inventory data systems may be an opportunity to add value as well.  Also, could be called upon for ad hoc reporting, analysis, and upgrades to decision support materials for the PI investment team.

Primary Duties & Responsibilities

  • Assists in the management of the trade confirmation process and monitoring of settlements related to money markets and repo, government bonds, investment grade corporate bonds, high yield bonds, over-the-counter (OTC) derivatives, bond futures, and foreign exchange for PI. 

  • Works closely with brokers, traders, portfolio managers and NM's accounting and investment operations areas to ensure timely execution of procedures and workflows.

  • Coordinates efforts of traders, portfolio managers and the quantitative team to ensure integrity and accuracy of data underlying various analytic systems (e.g., Bloomberg and BlackRock), databases and investment reports.

  • Produces reports and provide analysis for various areas in PI using Excel and several analytical platforms including Bloomberg, BlackRock, and Calypso.

  • Supports and manages the election process for corporate actions.

  • Facilitates public bond transfers across NM’s segmented portfolios.

  • Provides analytic support for PI’s Structured Product area.

  • Implements and supports the daily annuity rate setting process for PI.

Knowledge, Skills, Abilities

  • Bachelor's degree in business, finance, accounting, information management, or related field.

  • 4 years of Middle Office (or Middle Office related) experience strongly preferred.

  • Work experience in investment and/or trading operations strongly preferred.

  • Thorough working knowledge of fixed income investments. Strong interpersonal skills and analytical ability.

  • Proficiency in Excel is a must.

  •  Strong working knowledge of Bloomberg, BlackRock, Calypso, and/or other investment systems is desirable.

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This job is not covered by the existing Collective Bargaining Agreement.

Required Certifications:

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We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.


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