Sr. Analyst - 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. The Sr. Analyst will join the Global Liquidity and Balance Sheet Modeling team and focus on balance sheet modeling. Responsibilities will include: Measure the Corporation's and subsidiaries' interest rate risk position in the banking book utilizing the corporation's ALM software. Work to populate and run the model on a monthly basis and perform analysis on the risk results. Prepare management reports to communicate risk exposures, and the sources of those exposures, to corporate and affiliate bank Asset Liability Committees (ALCOs). Run monthly net interest income (NII) forecast through the interest rate risk framework. Ensure results are intuitive and explain monthly changes to senior management. Reconcile simulation input data and results with actual balance sheet and income statement results. Research, document and explain variances. Project NII and other comprehensive income (OCI) for the available for sale securities portfolio for the annual capital plan. Explain projections to CCAR governing committees. Focus on projects related to interest rate risk (IRR) in the banking book from a first line of defense perspective. This includes implementation of an enhanced interest rate risk modeling framework covering relevant risks; most importantly earnings-at-risk (NII risk) and economic value of equity risk. Qualifications: Strong quantitative and analytical skills. Experience using QRM or another ALM software application Excellent written and verbal communication skills. Ability to organize and manage multiple tasks and functions effectively with deadlines. Strong personal computer skills (Excel, Access, Word and PowerPoint) are required to perform analyses and communicate financial information to various constituents. #LI-Hybrid 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.

Created: 2024-11-05