Consultant, Counterparty & Country Risk
About Northern Trust:
Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With over 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 we are honored to receive the following awards in 2021:
- Gender Equality Index Member, Bloomberg
- Top Financial & Banking Company, Black EOE Journal, Hispanic Network Magazine,Professional WOMAN'S Magazine
We’d love to learn more about how your interests and experience could be a fit with one of America’s best banks and most sustainable companies! Build your career with us and apply today.
About the Role:
The Financial institutions and Country Risk Team, which is part of Northern Trust Group Risk Management, is responsible for providing independent oversight of all business activities at Northern Trust which create wholesale counterparty credit risk, client credit exposure arising from asset servicing, third party FX, and country risk. The team ensures that the management of counterparty and international risk advances Northern Trust’s business strategy within the corporation's risk appetite, aligns with market best practices, and meets or exceeds regulatory requirements and guidance.
Independently oversee a portfolio of counterparties and countries. Responsible for ensuring that all entities are reviewed and monitored through the year using fundamental analysis techniques including traditional CAMELS analysis and market‐based information along with thorough ad‐hoc due diligence, visits and calls. Performs financial, economic and market‐based analysis, prepares and presents reviews of assigned counterparties, countries and portfolios to credit committees and wider business partners with the goal of providing insightful credit opinions and recommendations.
This role is responsible for a multi-billion dollar counterparty (bank and broker/dealers) and country portfolio. Responsibilities include:
- Manage a portfolio of bank counterparties and countries. Perform analysis of entities annually or on an ad‐hoc basis; assign Probability of Default ratings and appropriately sized credit facilities.
- Monitor trends and be able to serve as the subject matter expert and trusted advisor on assigned countries to partners.
- Manage relationships with local business units, inform of credit issues, and provide guidance for the development of strategies.
- Contribute to the development of risk monitoring products, processes and models related to counterparties and countries.
- Present to Risk committees as needed.
- Coordinate, participate or lead visits and calls with external counterparties or clients.
- Ensure portfolio is reviewed in a timely manner and quality of analyses is high.
- Present and participate in risk committees.
- Manage relationships with US businesses - make decisions on business unit credit proposals and provide credit solutions.
- Manage relationships with counterparties, vendors and clients.
- Monitor trends, serve as subject expert and trusted advisor across the company.
- Perform analysis of higher-risk counterparties and countries annually or on ad-hoc basis.
- Work with modelling teams to develop/enhance risk tools and models.
- Excellent communication, verbal, leadership and strategic skills
- Extensive knowledge of bank and country risk analysis (advanced economies and emerging markets).
- Highly flexible and adaptable to change; ability to multi-task on several assignments at once
- Advanced analytical, writing skills and some quantitative skills
- Strong relationship and presentation skills
- Ability to develop relationships at all levels of the organization and crisis management/multi-tasking skills
Master’s degree and/or CFA qualification would be preferred. 9+ years of Credit experience with banks, broker/dealers and countries, Experience in counterparty and/or country analysis, in a buy‐side or counterparty risk function is preferred. Some experience with advanced statistics.
Please note that this role would be required to work until at least 10.30pm Bangalore time in order to liaise with the Chicago office and participate in team and committee meetings.
For further information, and to apply, please visit our website via the “Apply” button below.