Senior Consultant, Team Leader, Risk Analytics

The Model Strategy & Data Analytics team is looking for an experienced modeler to provide analytics supporting capital adequacy and loss estimation for Northern Trust’s investment securities portfolio.

Responsible for acting as a lead contributor in the development, execution, maintenance, and monitoring of stress testing (OTTI), CECL, and other models.

Key Responsibilities

This position will manage a team of junior staff.

Develop, maintain and execute statistical models related to loss estimation and risk analysis for both available for sale (AFS) and held to maturity (HTM) debt securities

Ensure quality control of model development and results reporting documentation

Work closely with the Model Validation, Model Governance and Audit functions to address all validation findings or Audit issues by deadline

Interact with the Data Analytics team to request and ensure high quality data are utilized in the model development process

Act as a subject matter and technical expert in communication with a wide range of audiences including key business partners, management, oversight committees, and regulators

Work with project management team to track development efforts and resolve issues

Display a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity

Focus of role is on execution of strategic direction of risk measurement activities with an eye toward efficiency and sustainability

Seasoned multi-disciplinary expert with extensive technical and/or business knowledge and functional expertise

6 – 8 years of experience developing and managing statistical models in banking or related industry

6 – 8 years of experience in CCAR regulatory examination setting presenting quantitative model results and addressing regulatory questions and findings

Demonstrated experience programming in statistical computing languages such as SAS, SQL and R for data analysis and model building

Experience with commonly used vendor solutions including Moody’s (Portfolio Analyzer, CMM, and GCorr models) and PolyPaths

Excellent analytical skills and high attention to detail

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