Associate Consultant/Senior Analyst, Model Monitoring & Implementation

Bangalore, Karnataka, India
27 Apr 2021
27 May 2021
Contract type
Full time
Experience level
Qualified accountant

About Northern Trust:

Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

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 that is committed to strengthening the communities we serve!

We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018. 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 ethical companies. Build your career with us and apply today.

Associate Consultant, Model Monitoring and Implementation is a key member of Model Strategy & Data Analytics team and will have responsibility for acting as an individual contributor role in the model monitoring and Implementation for PPNR, Credit Risk, Operational Risk and Market Risk models. The role will cover several aspects of model lifecycle including monitoring, recalibration, and Implementation. The position will also include the developing/maintaining monitoring tools in SAS for CCAR, Basel, CECL.

Major Duties

  • Monitor/Recalibrate/Implementation of CCAR models (PD/EAD/LGD) , CECL models (PD/EAD/LGD), Basel models (PD/EAD/LGD), operational risk analytics models ( capital models, AMA model) and PPNR models
  • Evaluates existing monitoring tool in relation to corporate objectives and industry leading practices. Assesses development needs and manages process to achieve desired future state
  • Provides technical/theoretical expertise to resolve issues and enhance overall risk framework and works with model owners to update model monitoring tool
  • Ensure monitoring process following different regulations (CCAR, CECL, BASEL, IFRS9)
  • Conducts analysis, independently ensuring accuracy and completeness.
  • Responsible for direct interaction with different committees and/or senior management.
  • Qualification

  • Master in Statistics/ Economics/Mathematics/advanced degree in quant area
  • Or From tier 1 college with MBA in related field
  • 2-5 years of relevant experience
  • Skills Required

  • Strong BASEL, CCAR, DFAST, CECL, SR-11/7 understanding. Strong regulatory understanding
  • 2+ years of hands on monitoring/validation/model building 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 R, SAS, Matlab, advanced Excel techniques and VBA programming. SAS is preferred
  • Good Multi-tasking skills. Ability to quickly assimilate & comprehend information and deliver within strict deadlines
  • 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
  • For further information, and to apply, please visit our website via the “Apply” button below.