CAREERS

Team Lead, Risk Analytics

📁
Risk Management/Compliance
📅
101261 Requisition #

Responsible for acting as team lead and main contributor in the discovery and diagnostic of asset management model related risks including input data, assumption, conceptual soundness, methodology, outcomes analysis, benchmarking, monitoring and model implementation.

 

Specific Responsibilities

 

  • Manage team responsible for performing reviews of bank-wide quantitative models including models used for asset/portfolio management, AML (Anti-Money Laundering and Fraud Detection), and various machine learning models.
  • Establish and maintain strong relationship with key functional stakeholders from the asset management team such as model developers, model owners, and users.
  • Ensure model development, monitoring, and validation approaches meet regulatory expectations such as SR 11-7 and internal risk management needs.
  • Evaluate conceptual soundness of model specifications; reasonableness of assumptions and reliability of inputs; completeness of testing performed to support the correctness of the implementation; robustness of numerical aspects; suitability and comprehensiveness of performance metrics and risk measures associated with model use.
  • Review model documents, and conduct test runs on model codes.
  • Assess and measure the potential impact of model limitations, parameter estimation, error and/or deviations from model assumptions; compare model outputs with empirical evidence and/or outputs from model benchmarks.
  • Document and present observations to model owners and users, recommend remediation action plans, track remediation progress and evaluate remediation evidence.
  • Monitor model performance reports on an on-going basis to ensure models remain valid, as well as contribute to the bank-wide model risk and control assessment.
  • Support development of comprehensive validation reports and testing of risk management framework. Deliver a work product that requires little revision.

Qualifications 

 

  • Minimum 3 year of modeling or quantitative analysis experience, preferably in a discipline relevant to risk management to include statistical/mathematical and financial modeling.
  • Minimum 2 year of management experience.
  • A College or University advance degree in risk, finance, mathematics, actuarial science, engineering or statistics or related discipline.
  • Familiarity with Blackrock Aladdin suite of models, Axioma Portfolio Optimizer, FactSet Multi-Asset Class Risk.
  • Excellent interpersonal, verbal, and written communication skills.
  • Programming experience in Python required, experience in SAS and R desired.
  • Experience with analytical tools, such as, Excel  as well as Word and PowerPoint is required.
  • Familiarity with machine learning models (supervised/unsupervised learning, neural networks, classification, clustering, hyperparameter tuning, etc.)
  • Analytical and problem solving skills are preferred.
  • Ability to work autonomously as well as in team setting, shift priorities, and manage multiple tasks.

 

 

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.

https://www.northerntrust.com/content/dam/northerntrust/pws/nt/images/careers/ntawards.jpg 

 

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

 

#LI - Hybrid

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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), 1800-425-0333 (India), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

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