Senior Consultant, Credit Risk Analytics

Northern Trust is looking for an experienced modeler for the credit risk modeling team. The role will cover Northern Trust’s analytics activities supporting capital adequacy including model development, model execution, model maintenance, model monitoring and outcome analysis.

Key Responsibilities

• Developing, maintaining and executing statistical models related to the CRE, RRE, and Wholesale credit segments
• Ensuring quality control of the model development process
• Working closely with the Model Validation, Model Governance and Audit functions to address all modeling validation findings or Audit issues by deadline
• Interacting with the Data Analytics team to request and ensure high quality data are utilized in the model development process
• Communicate regularly with key business partners, management, and oversight committees and regulators by acting as a subject matter expert

Qualifications

• 3+ years of experience developing and managing credit risk statistical models in banking or related industry.
• 3+ years of experience in CCAR regulatory examination presenting quantitative model results and addressing regulatory questions and findings
• Excellent analytical skills and high attention to detail
• Excellent experience using statistical programming languages such as SAS, SQL and R
• Excellent oral and written communication skills, including presentation skills, the ability to create concise model documentation, as well as the ability to critically review and edit documents; a writing sample may be requested
• Ability to effectively communicate with peers, senior management and overseas partners
• Ability to work under pressure and organize, manage and prioritize multiple deliverables
• Advanced degree (PhD is preferred) in statistics or equivalent quantitative field

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

As of December 31, 2017, Northern Trust Corporation had:
$139 billion in banking assets

$8.1 trillion in assets under custody

$10.7 trillion in assets under custody/administration $1.2 trillion in assets under management