Sr. Analyst - Liquidity Stress Testing and Reporting Chicago, IL

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.

The Liquidity Stress Testing and Reporting Sr. Analyst will be responsible for helping drive the development of liquidity risk measurement framework components across the continuum, business as usual to resolution. The successful candidate will be a member of the Liquidity Stress Testing team and help lead the development and maintenance of the enterprise liquidity stress testing framework and cash flow projections.    

Ideally, the prospective candidate will have experience with Liquidity Stress Testing production and calibrating assumption based on regulatory and internally required scenarios.  Strong understanding of liquidity risk management, liquidity risk framework, risk identification, risk measurement approaches and leader with balance sheet management experience primarily in the areas of Liquidity Risk Management.  The prospective candidate should have a working knowledge of the three lines of defense and ideally experience working closely with second line risk management and third line internal audit groups.

Primary Duties

• Help drive the development and maintenance of stress testing scenarios that cover idiosyncratic, market, combined risk, and operational risk events.
• Partner with Balance Sheet Modelling team, business line subject matter experts and risk management to ensure sound scenarios are developed that covers all products and external market considerations for business as usual to resolution.
• Own the annual recalibration internal liquidity stress testing assumptions.  Strong collaboration with business line subject matter experts, second line risk management and global Treasury teams as part of the review and recalibration.
• Support the broader resolution planning effort by leading the build out of the liquidity components of the resolution plans. Provide in-depth knowledge and perspective on how key liquidity risk drivers would behave across the continuum, business as usual to resolution.  Have working knowledge of critical operations, including FMU and CSD operations and potential liquidity impacts.
• Communicate financial issues in a clear and concise manner to senior management, internal oversight groups, and external regulators. 
• Ensure compliance with global regulatory requirements and expectations that govern liquidity risk, resolution planning, stress testing, and modeling practices.

Experience:

• A college or university degree in Accounting, Finance, Economics, Statistics, Math, Engineering or other quantitative field.
• 3-5 year’s work prior liquidity risk management experience working in a financial institution, regulatory agency, consulting firm, or related field.
• Familiarity with Asset Liability Management, Liquidity Risk Management, and Funds Transfer Pricing.
• Proficient in Microsoft Excel and PowerBI.
• 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.

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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.