Risk Consultant Counterparty Risk

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.

We are searching for a Risk Consultant to join our team.

The key responsibilities of the role include:

• Support strategic initiatives together with the Head of the Counterparty and Country Risk group. This includes expanded involvement in the Counterparty Stress Testing Management
• Works with the development and execution of certain CCAR-related estimation tools and processes under the guidance of the head of the group as well as support strategic initiatives including developing counterparty stress-testing framework and strategic credit limit allocation across business units.
• Manage a portfolio of counterparty and countries, ensuring that all entities are reviewed and monitored throughout the year using traditional CAMELS analysis and market-based information along with thorough ad-hoc due diligence visits and calls.
• Performs financial and market-based analysis, prepares and presents reviews of assigned counterparties and portfolio to credit committees with the goal of providing insightful credit opinions and recommendations.
• Coordinate certain CCAR-related projects, including OTTI estimation and other counterparty credit losses.
• Execute stress testing exercises related to counterparty risk in conjunction with relevant teams across the bank.
• Perform analysis of counterparties and countries annually or on ad-hoc basis; assigns Probability of Default ratings.
• Monitor trends of portfolio, serve as subject expert and trust advisor on assigned countries to partners.
• Manage relationships with local business units, inform of credit issues, and provide guidance for the development of strategies.
• Contribute to the development of risk monitoring products, processes and models related to counterparties and countries.
• Present to risk committees as needed.
• Coordinate, participate or lead visits and calls with external counterparties or clients.

The successful candidate will benefit from having:

• Excellent communication, verbal, and leadership skills
• Knowledge of products such as Foreign Exchange, Securities Lending, MM Placements, and Investment Securities is preferred
• Highly flexible and adaptable to change. Ability to multi-task on several assignments at once
• Advanced analytical, writing skills and some quantitative skills
• Strong relationship and presentation skills
• Ability to develop relationships at all levels of the organization and crisis management/multi-tasking skills
• Bachelor's degree is required. Master's degree and/or CFA designation are preferred.
• 5 + years of relevant experience, in a counterparty, CCAR/stress testing or country (Europe) risk function is required.

Salary Range:

$74,200 - 126,200 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 [email protected] .

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.