Northern Trust

Balance Sheet Modeling & Liquidity Stress Testing Analyst

Chicago, IL/Hybrid
10 Jun 2024
10 Jul 2024
Contract type
Full time
Experience level
Qualified accountant

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 Balance Sheet Modeling &Liquidity Stress Testing Analyst will be responsible for helping drive the development, implementation and maintenance of liquidity stress testing models and framework. The successful candidate will be a member of the Asset and Liability Management team and help lead the development and maintenance of the enterprise liquidity stress testing framework.

Ideally, the prospective candidate will have experience with Liquidity Stress Testing production and calibrating assumption based on regulatory and internally required scenarios. Programming knowledge especially Python, working knowledge of relational databases, good understanding of liquidity risk management, liquidity risk framework, risk identification, risk measurement approaches. The prospective candidate should have a working knowledge of the three lines of defense and ideally experience working closely with second line risk management, model validation and third line internal audit groups.


  • The individual will be member of theAsset Liability Management team, supporting modeling and the development and enhancement of the firm'sliquidity stressmodels.
  • Help drive the development and maintenance of stress testing model/python engine, scenarios and methodologies that cover idiosyncratic, market, combined risk, and operational risk events.
  • Ensure the maintenance of the Liquidity Stress Testing engine.
  • Partner with Asset Liability Management Team, Liquidity Stress Testing team, business line subject matter experts, Model Validation, and risk management to ensure sound assumptions are developed that covers all products and external market considerations for business as usual to resolution.
  • Aim for continuous improvement with respect to business unit and Treasury’s modeling, ongoing monitoring to increase accuracy of models through back testing and variance analysis.
  • Have working knowledge of critical operations, including FMU and CSD operations and potential liquidity impacts.
  • Communicate modeling, financial issues in a clear and concise manner to senior management, internal oversight groups, and external regulators.
  • Lead the development of robust documentation to support major assumptions, models used in liquidity stress testing, and Treasury.
  • Manage internal and external qualitative risk measures, stress testing,


  • 5-7 year’s work prior liquidity risk management experience working in a financial institution, regulatory agency, consulting firm, or related field.
  • A college or university degree in Accounting, Finance, Economics, Statistics, Math, Engineering or other quantitative field.
  • Familiarity with Asset Liability Management, Liquidity Risk Management, and Funds Transfer Pricing.
  • Proficient in Python, SQL, Microsoft Excel and PowerBI.
  • Strong analytical and quantitative skills, critical thinking, investigative problem-solving and decision-making talents.
  • Strong written and verbal communication skills with the ability to lead the development of senior management level presentations.
  • Requires in-depth conceptual and practical knowledge in own job discipline and basic knowledge of related.
  • job disciplines.
  • Applies best practices and how own area integrates with others.
  • Is aware of the competition and the factors that differentiate them in the market.
  • Explains difficult or sensitive information; works to build consensus.

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.

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.

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

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