Model Risk, Analyst

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.

SUMMARY

Uses knowledge of model risk methodologies and construction to perform ongoing monitoring and help develop ongoing monitoring plans. Has specific knowledge or expertise typically gained through formal education or equivalent experience. Uses expertise to provide guidance as a consultant to projects and model development. Requires experience with model risk and model monitoring standards. Works independently, with some guidance. Acts as a resource for colleagues with less experience.

MAJOR DUTIES

• Solves complex quantitative problems and takes a new perspective on existing solutions.
• Exercises judgment based on the analysis of multiple sources of information.
• Impacts a range of customer, operational, project or service activities within own team and other related teams.
• Works within broad guidelines and policies.

KNOWLEDGE/SKILLS

• A bachelor's degree in a designated STEM field (engineering, computer science, quantitative finance).
• 2+ years' experience in a risk management role at a large financial institution, preferably an Asset Manager.
• Understands models used in investments and has knowledge of risks associated with Investments and AI/ML models.
• Strong statistical background and analytical and problem-solving skills.
• Strong knowledge of control design, implementation, testing, and documentation.
• Requires conceptual and practical knowledge in own job discipline and basic knowledge of related job disciplines.
• Applies best practices and how own area integrates with others.
• Is aware of the competition and the factors that differentiate them in the market.
• Explains difficult or sensitive information; works to build consensus.

• Experience with Model Risk Management governance.

• Strong technical writing skills, oral communication, and presentation skills are mandatory.
• Advanced Excel Knowledge.
• Experienced in a programming language such as Python, SQL, or R.
• Familiarity with source control tools such as GIT is desired.
• Familiarity with visualization tools such as Matplotlib, Plotly, Power BI is desired
• Azure cloud experience a plus.
• Experience in office technology such as Outlook, PowerPoint, Word is required.
• Familiarity with relevant regulations such as SR 11-7, SR 15-18/19, SS1/23, and Basel Final rules is preferred.

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 MyHRHelp@ntrs.com .

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.