- Chicago, Illinois
Chicago, Illinois
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.
Liquidity Risk Specialist
Summary
The Liquidity Risk Specialist will play a key role in the second line of defense, providing independent oversight and effective challenge of Northern Trust's liquidity risk management.
Ideally, the Specialist will be a seasoned leader with liquidity experience across a range of liquidity practices including liquidity stress testing assumptions, stress scenario development, intraday liquidity practices, liquidity limits and metrics, deposit stability analysis.
Responsibilities may include
- Independent review and challenge of stress testing assumptions and performing independent complex analysis of key product drivers to support assumption calibration
- Drive complex sensitivity analysis and scenario analysis across a variety of key liquidity drivers and products
- Independent review and challenge of intraday liquidity practices and liaison with first line and business partners in strategic enhancement of intraday practices
- Working closely with more junior members that will assist with independent analysis
- Raising material risk issues to the Market and Liquidity Risk Committee, and coordinating with 1st line partners on remediation
- Assessing compliance with regulatory requirements and common industry practices applicable to liquidity management
- Recommending and advising on areas of enhancements, and informing risk oversight committees of mitigation steps
Knowledge / Experience Required
- 8 or more years of experience in one or more of the following areas of financial services is desired treasury, risk management, compliance or regulatory oversight, auditing, consulting, or financial reporting
- Strong written and verbal communication skills with demonstrated success challenging the status quo, influencing outcomes, and consensus building. Experience presenting key risks to senior management
- Strong analytical and quantitative skills, critical thinking, investigative problem-solving and demonstrated resilience to take unpopular viewpoints as warranted
- Understanding of liquidity regulations and applying these expectations to practice (e.g. Enhanced Prudential Standards, LCR, NSFR, 2052a, SR 10-6, SR 12-7)
- Strong knowledge of financial services is expected, including understanding of balance sheets and custody business and implications to potential liquidity exposures is a plus
- Familiarity with treasury instruments, funding and investment activities, and cash and settlement practices are a plus
- Experience with analytics within Excel, SAS, Python, PowerBI, or other tools is a plus
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.