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

The Scenario Analysis and Stress Testing Specialist will support the Risk Measurement Director in the development, maintenance and implementation of the Scenario Analysis policy, including the oversight and coordination of the various stress testing programs across the Bank. The successful candidate will be making sure that stress testing activities are well governed and guided by clear and well-detailed processes and procedures.

The ideal candidate will have demonstrated industry experience in scenario analysis and stress testing, including risk management, with proven stakeholder management skills, as there will be a need to coordinate across multiple stakeholders in the 1st and 2nd LoD.  Also, experience working at a large-scale financial services organization, and a demonstrated ability to oversee such functions and effectively collaborate with senior stakeholders. 

 

The key responsibilities of the role include:

Maintain the policy on scenario analysis and stress testing, and respond to inquiries from examiners and auditors on practices in this areaSupport stress testing program managers in the development of scenarios and stress testing programsAnalyze and interpret the banks’ stress testing program results in order to determine if stress tests require additional escalation to the relevant Chief Risk Officer and risk committees Develop and maintain an inventory of stress testing programs as well as enterprise scenario library, including regulatory guidance applicable for each stress test, current pipeline of activities, and stress test analysis summaries/results.Facilitate the connection of the various stress testing program managers to achieve synergies,  harmonize processes and enhance efficiency across various stress testing programs Prepare periodic activity reporting for senior management, including a summary of enterprise stress testing activities.Facilitate discussions across Northern Trust stakeholders in order to establish linkage of the stress testing results with other risk management processes, such as risk appetite and risk identificationExecute on strategic direction of business function activities , able to carry out the most complex initiatives involving multiple disciplines and/or ambiguous issuesAble to display a balanced, cross-functional perspective, liaising with the rest of the business to improve efficiency, effectiveness and productivityHighly flexible and adaptable to change. Able to work across junior and senior staff members globally and across different time zones

Key Skills/ Experience

Knowledge of risk management and strategic goals for the bank's business. In depth knowledge of regulations, federal, state, and local laws and regulations acquired through formal education and work experience is required.Seasoned multi-disciplinary expert with extensive technical, digital and / or business knowledge and functional expertise in risk avoidance and compliance.Demonstrated industry experience in risk management and specifically scenario analysis and stress testing coordination and oversight rolesExperience in relevant regulatory guidance, including the Reg YY, SR12-7Works effectively as a team member but also independentlyExcellent analytical and problem solving skills with attention to detailStrong communication skills both written and verbal proven experience in interfacing comfortably across multiple stakeholdersReporting skills with an ability to analyze and summarize information. Knowledge of risk appetite (limits setting) and  regulatory capital requirements is a plus.Communication and analytical skills are necessary to consult with partners/clients, and analyze information and apply regulations.

Salary Range:

$114,700 - 194,900 USD

Salary range is a good faith estimate of base pay. 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.

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.