Associate Consultant - Liquidity Risk 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.

Summary

Northern Trust is looking to recruit Liquidity professional for its Bangalore Centre. Successful recruits would be part of Northern Trust’s Liquidity Risk Management team. The candidate will play a key role in Northern Trust’s oversight of liquidity risk, by working closely with the global liquidity risk team. The position is in the second line of defense, that independently assesses the risk and practices performed by the Corporate Treasury function, thereby being an advisor to the Treasury team and collaborate with partners across departments, divisions and geographic regions. The candidate will have responsibilities in a variety of areas, regulatory interpretation, liquidity stress testing, liquidity limits methodologies, contingency funding plans, data and reporting, risk assessment, and governance policies and guidelines.

Job title: Consultant

Location: Bangalore

Experience: 6+ years of relevant experience

The key responsibilities of the role include:

Major Duties

• Regulatory interpretation, reviewing and challenging liquidity regulatory reporting (e.g. NSFR, LCR, 2052a, and public disclosures), to ensure compliance and change management practices.
• Independent review of stress testing and resolution assumptions and reporting
• Driving enterprise risk assessment and reporting efforts for liquidity
• Independently reviewing and challenging the firm liquidity metrics methodologies, including assumptions and key drivers.
• Risk oversight of daily 2052a/LCR data and reporting
• Support in key areas as required – contingency planning, intraday liquidity etc.
• Partnering across Business units to support complex interpretations, trend analysis, business insights impacting firm liquidity position
• Presenting the independent reviews to the Market and Liquidity Risk Committee
• Assist in the development of quantitative tools as needed
• Documenting all critical communication, standards, policies

Skills

• 6+ years of experience in one or more of the following areas of financial services is desired: treasury, liquidity risk management,
• Strong knowledge of financial services and good understanding of bank balance sheets and liquidity management practices.
• Strong written and verbal communication skills with demonstrated success challenging and influencing outcomes
• Understanding of liquidity regulations and applying these expectations to practice (e.g. LCR, NSFR, 2052a,Stress testing)
• Experience with Axiom, advanced analytics skills, knowledge of data quality and reporting controls, and some quantitative skills are a plus
• Strong data, analytical, and problem solving skills
• Knowledge of technical tools like SAS/Python and statistics to develop quantitative tools

Qualifications:

• Degree in Risk Management, Mathematics, Economics/ MBA/Relevant experience in Liquidity or related fields
  

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.

For further information, and to apply, please visit our website via the “Apply” button below.