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.

Summary:

Under general supervision (but works independently most of the time), this role is responsible for performing a variety of moderately complex risk analytics and/or capital allocation framework activities for the Corporation. This includes resolving moderately complex issues in advanced data modeling and measuring risk, allocating capital for performance measurement, or other aspects of risk measurement.

Major Duties:

- Responsible for the validation of moderately complex analytical models used for CCAR and Asset management purposes across the organization.

- Ensures model development, monitoring, and validation approaches meet regulatory expectations and internal risk management needs.

- Provides analytical or risk measurement support to help meet both internal corporate and regulatory requirements.

- Develops in-depth knowledge of business unit/function and complex modeling techniques used.

- Independently validates models with a focus on accuracy and completeness.

- Manages stakeholder relationships and ensures smooth interaction with various model owners.

- Clearly communicates the complex issues/findings of the model validation outcomes to stakeholders.

- Keeps abreast of the latest regulatory requirements around model risk management.

- Evaluates existing model risk framework in relation to department objectives and industry-leading practices.

- Assesses validation requirements and actively provides solutions to enhance the model validation framework.

Knowledge/Skills:

- Excellent oral and written communication skills are required when interacting with committees and/or management.

- Knowledge of risk measurement required to support the function.

- Preferred analytical and problem-solving skills.

- Medium Level Knowledge on SAS, Python, Matlab, Advanced Excel, VBA is preferred.

Experience Required:

- A College or University degree.

- Advanced degree in a related field (math, statistics, and economics) or equivalent career experience is preferred.

- Relevant work experience of 2 to 5 years is required.

- Strong preference for candidates with certifications such as CFA/FRM/CQF.

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. Build your career with us and apply today.

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 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.

For further information, and to apply, please visit our website via the “Apply” button below.