Sr. Analyst - Asset and Liability Management

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.  

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Sr. Analyst - Asset and Liability Mangement will be responsible for working on the quantitative development of models and assumptions across Liquidity and Asset & Liability risk measurement and financial projection processes. The successful candidate will participate in the strategic modeling efforts for financial products that will help drive Treasury’s balance sheet optimization strategy.

Ideally, the prospective candidate will have a foundational understanding of balance sheet management primarily in the areas of Asset Liability Management and Liquidity Risk Management. The prospective candidate should have working knowledge of balance sheet strategy, risk assumption/model development, product pricing, global economic/yield curve environment and business strategy which are necessary to support balance sheet optimization and profitability.

Major Duties :

• Be a leader on the Balance Sheet Modeling and Quantitative Analytics team/function. Work with the Head of Balance Sheet Modeling and Analytics and or Balance Sheet Modeling and Analytics Team Leader to set team objectives and strategic priorities.
• Leverage QRM for Balance Sheet Analysis and Modeling. Participate in the development of key Asset Liability Management reports, models and assumptions for liquidity risk and asset and liability risk measurement efforts, including operational deposits, non-maturity deposit betas, asset prepayment speeds, and deposit decay rates.
• Conduct ad-hoc analysis to aid senior management and executive committees in the decision making process impacting product pricing, balance sheet optimization, and investment selection.
• Support the broader Treasury team by providing quantitative support in the build out of liquidity risk framework tools; liquidity limits calibration, early warning indicators, liquidity stress tests assumptions, and resolution planning scenario/assumption development, and interest rate risk measurement processes.
• Communicate financial issues in a clear and concise manner to senior management, internal oversight groups, and external regulators. Possess the ability to lead the development of robust documentation to support major assumptions, models used in liquidity and interest rate risk measurement processes.
• Knowledge on global regulatory requirements and expectations that govern liquidity risk, interest rate risk, and modeling practices.

Knowledge:

• Knowledge of QRM, SQL, SAS, Mat lab or other financial valuation and modeling platforms.
• Proficient in Microsoft Excel and Access.
• Familiarity with Asset Liability Management, Interest Rate Risk Management, Liquidity Risk Management, and Funds Transfer Pricing.
• Strong analytical and quantitative skills, critical thinking, investigative problem-solving and decision-making talents.
• Strong written and verbal communication skills with the ability to lead the development of senior management level presentations.
• Organized and able to execute responsibilities with minimal supervision.

Experience:

A College or University Degree in Accounting, Finance, Economics, Statistics, Math, Engineering or other quantitative field is preferred.

4-7 year’s work experience in financial modeling working in a financial institution, regulatory agency, consulting firm or related field is required.

• Working Model: Hybrid (#LI-Hybrid)
• We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Salary Range:

$99,600 - 169,200 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.

Working With Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater 

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, please email our HR Service Center at MyHRHelp@ntrs.com.

 
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.