Capital Markets Risk Solutions Specialist

Northern Trust • Chicago, IL

8h • Hybrid

About The Position

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 successful candidate will work with Capital Markets trading teams in consultative role to provide financial risk subject matter expertise while ensuring that trading activities meet risk and regulatory requirements. The role provides high visibility with the bank’s senior management team and opportunity for the right candidate to contribute and execute the bank's risk framework and provide value-add consultative risk coverage.

Requirements

• Knowledge of Capital Markets and financial products such as Foreign Exchange, Securities Lending, Treasury and Investment Securities is preferred.
• Strong PC, Credit Systems/Tools knowledge.
• Highly motivated, engaged, and self-driven.
• Ability to summarize complex issues and requirements in simple terms.
• Ability to prioritize and work effectively under time/workload pressure.
• Ability to work independently with limited oversight.
• Bachelor’s degree is required.
• 5+ years of experience in financial services, including Capital Markets
• Familiarity with Risk Management or Analysis and Financial Reporting, preferred.

Nice To Haves

• Master’s degree and/or risk certification are preferred.
• Familiarity with reporting solutions such as Power BI, Cognos, Tableau, etc.

Responsibilities

• Co-developing risk mitigation strategies and action plans with risk owners to address highest priority risks.
• Key contributor in supporting the Counterparty Credit Stress Testing framework which includes process execution, analysis, and presentation to Committees.
• Support risk analysis for Securities Finance counterparty portfolios as required by Credit Risk Management Policies which includes VaR model execution, analysis of results and presentation to Committees.
• Synthesize risk data into meaningful reporting, tailored to various audiences and levels in the organization and present to partners and senior management.
• Effectively build positive relationships across the team, from senior management to junior staff, to influence results and deliver tangible value.
• Support of new business products and how the activity is monitored from financial and credit risk perspective.

Benefits

• Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits.
• Northern Trust also provides a discretionary bonus program that may include an equity component.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level