Associate Consultant, Market Risk

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Job Description

Market/Counterparty Risk modelling team , is a key member of the Risk Modelling Team Responsible for acting as an individual contributor in the development and maintenance of high quality risk analytics for Market Risk modelling and Counterparty Credit Risk Modelling. Resolves complex issues in Risk system, enhancement in quantitative methodologies or other aspects of risk measurement.

Job title - Senior Analyst/Associate Consultant/Consultant

Location Bangalore

Experience 4-9 years of relevant experience

Major Duties

◼ Responsible for Capital Market model development for bank’s trading derivative products (FX and Interest Rate Derivative), and securities lending portfolio including equities. Fixed income and securitized issues. Ensures regular production of analytical work. Development of daily trading limit models , Initial Margin models for uncleared trades and Basel regulatory exposure calculation tools (EAD). Collaborates with front office business partners, regulators, Audit Services, and other independent reviewers.

◼ Evaluates existing framework in relation to corporate objectives and industry leading practices. Assesses development needs and manages process to achieve desired future state.

◼ Supports stress testing, capital quantification and/or internal capital allocation methodologies. Ensures that modelling approaches meet both internal corporate needs and regulatory requirements related to prevailing regulatory guidance.

◼ Provides technical/theoretical inputs to resolve risk issues and enhance overall risk framework. Works with other risk or business unit teams to ensure that risk management policies/processes and quantitative modelling approaches are consistent.

◼ Provides communication and training efforts to promote understanding of risk measurement throughout the company

◼ Operates independently; has knowledge of banking balance sheets and income statements.

◼ Conducts analysis, independently ensuring accuracy and completeness.

◼ Responsible for interaction with different committees and/or senior management.

◼ Strategic in developing, implementing and administering programs within Risk Management for specific product(s).

Qualification

◼ Master in Statistics/ Economics/Mathematics/advanced degree in quant area

◼ Or B.tech. From tier 1 college with MBA in related field

Skills Required

◼ 4-9 years of hands-on market/counterparty quantitative risk related experience

◼ Strong conceptual and technical knowledge of risk concepts and quantitative modelling techniques including familiarity with statistical concepts used in stress testing Strong in quantitative skills – experience in model validation a plus

◼ Experience in Python, SAS, advanced Excel techniques and VBA programming. Python is preferred

◼ Experience in building stochastic process pricing models, and Monte Carlo Simulation models.

◼ Strong regulatory understanding for banking capital review rule, market risk rules, and model risk compliance, such as BASEL, CCAR, SR11/7 etc.

◼ Strong organizational and interpersonal skills

◼ Excellent verbal and written communication skills (English)

◼ Experience of working in a multi-cultural and global environment

◼ Related Industry qualification (e.g., CFA, FRM) a plus

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees.  In this stunning office space, we offer fantastic amenities which include our Arrival Hub - Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.