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Model Validation(Market Risk)

Northern Trust
Bangalore, India
Closing date
Jun 9, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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.

Under general supervision (but works independently most of the time) responsible for performing a variety of moderately complex risk analytics and/or capital allocation framework activities for the Corporation. Resolves moderately complex issues in advanced data modeling and measuring risk, allocation of capital for performance measurement or other aspects of risk measurement.

Major Duties
• Responsible for the validation of moderately complex analytical models used for CCAR and Asset management purposes across the organization
• Ensures model development, monitoring, and validation approaches meet regulatory expectations and internal risk management needs
• Provides analytical or risk measurement support to help meet both internal corporate and regulatory requirements
• Develop in-depth knowledge of business unit / function and complex modeling techniques used
• Independently validate models with focus on accuracy and completeness.
• Adept stake holder management and smooth interaction with various model owners
• Clearly communicate the complex issues/findings of the model validation outcomes to stake holders.
• Keep abreast with latest regulatory requirements around model risk management
• Evaluates existing model risk framework in relation to department objectives and industry leading practices.
• Assesses validation requirements and actively provides solutions to enhance the model validation framework

1. Excellent oral and written communication skills are required when interacting with committees and/or management
2. Knowledge of risk measurement required to support function
3. Analytical and problem solving skills are preferred
4. Technical skills/systems - Medium Level Knowledge on SAS, Python, Matlab, Advanced Excel, VBA) is preferred

Experience Required
1. A College or University degree
2. Advanced degree in related field (math, statistics, and economics) or equivalent career experience preferred.
3. A relevant work experience of 2 to 5 years is required.
4. Strong Preference for candidates with certifications such as CFA/FRM/CQF

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 .

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.

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