Treasury Risk Specialist - Interest Rate Risk and Asset Liability Management
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 have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.
The Treasury Risk Specialist (interest rate risk/ALM) will play a key role in independently evaluating and reporting on Northern Trust's interest rate risk management practices and exposures.
This role will focus on overseeing interest rate risk management policies and limits, communicating risk exposures to oversight committees, and performing independent analysis and challenge of measurement methodologies and assumptions.
The position is in the second line of defense and will report directly to the Head of ALM, Market and Treasury Credit Risk Management, as well as work closely with Treasury.
This role provides an opportunity to continue to evolve the second line function at Northern Trust and serve as a trusted advisor to the business.
As Treasury Risk Specialist (interest rate risk/ALM), your responsibilities include:
o Preparing reports and communicating interest rate risk exposures to the Market and Liquidity Risk Committee and Business Risk Committee of the Board.
o Performing independent analysis and challenging asset and liability measurement methodologies (scenarios, assumptions, etc.
).
o Recommending and advising on areas of enhancements, and informing risk oversight committees of mitigation steps underway.
o Calibrating interest rate risk limits, as well as monitoring the organization's overall interest rate risk profile.
o Independently producing QRM production results to verify accuracy, as well as leading monthly production control meetings with Treasury.
o Maintaining and overseeing adherence with Interest Rate Risk Management policies and procedures.
o Assessing compliance with regulatory requirements and common industry practices applicable to interest rate risk, and coordinating with regulators and/or internal audit during their reviews.
o Evaluating new products for potential interest rate risk impacts.
Knowledge/Skills:
o Experience with asset and liability management, particularly within QRM is critical.
o Strong knowledge of financial services is expected, and understanding of bank balance sheet and income statement dynamics, including the risk characteristics of various asset and liability categories is a plus.
o Understanding of interest rate risk regulations and applying these expectations to practice is preferred.
o Strong analytical and communication skills are required to constructively challenge and influence the Treasury function, as well as articulate key risks to the risk committee.
o Experience applying risk management commensurate with the organization's risk profile and regulatory requirements.
Experience Required:
o 5 or more years of experience in one or more of the following areas of financial services is desired:
treasury, asset and liability risk management, compliance or regulatory oversight, auditing, or consulting.
o Strong written and verbal communication skills.
o Experience with analytics within QRM, SAS, Excel, and PowerPoint or other tools is preferred.
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.
Additional Information Recommended Skills Analytical Auditing Balance Sheet Communication Consulting Data Analysis Estimated Salary: $20 to $28 per hour based on qualifications.
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 have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.
The Treasury Risk Specialist (interest rate risk/ALM) will play a key role in independently evaluating and reporting on Northern Trust's interest rate risk management practices and exposures.
This role will focus on overseeing interest rate risk management policies and limits, communicating risk exposures to oversight committees, and performing independent analysis and challenge of measurement methodologies and assumptions.
The position is in the second line of defense and will report directly to the Head of ALM, Market and Treasury Credit Risk Management, as well as work closely with Treasury.
This role provides an opportunity to continue to evolve the second line function at Northern Trust and serve as a trusted advisor to the business.
As Treasury Risk Specialist (interest rate risk/ALM), your responsibilities include:
o Preparing reports and communicating interest rate risk exposures to the Market and Liquidity Risk Committee and Business Risk Committee of the Board.
o Performing independent analysis and challenging asset and liability measurement methodologies (scenarios, assumptions, etc.
).
o Recommending and advising on areas of enhancements, and informing risk oversight committees of mitigation steps underway.
o Calibrating interest rate risk limits, as well as monitoring the organization's overall interest rate risk profile.
o Independently producing QRM production results to verify accuracy, as well as leading monthly production control meetings with Treasury.
o Maintaining and overseeing adherence with Interest Rate Risk Management policies and procedures.
o Assessing compliance with regulatory requirements and common industry practices applicable to interest rate risk, and coordinating with regulators and/or internal audit during their reviews.
o Evaluating new products for potential interest rate risk impacts.
Knowledge/Skills:
o Experience with asset and liability management, particularly within QRM is critical.
o Strong knowledge of financial services is expected, and understanding of bank balance sheet and income statement dynamics, including the risk characteristics of various asset and liability categories is a plus.
o Understanding of interest rate risk regulations and applying these expectations to practice is preferred.
o Strong analytical and communication skills are required to constructively challenge and influence the Treasury function, as well as articulate key risks to the risk committee.
o Experience applying risk management commensurate with the organization's risk profile and regulatory requirements.
Experience Required:
o 5 or more years of experience in one or more of the following areas of financial services is desired:
treasury, asset and liability risk management, compliance or regulatory oversight, auditing, or consulting.
o Strong written and verbal communication skills.
o Experience with analytics within QRM, SAS, Excel, and PowerPoint or other tools is preferred.
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.
Additional Information Recommended Skills Analytical Auditing Balance Sheet Communication Consulting Data Analysis Estimated Salary: $20 to $28 per hour based on qualifications.
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