at Northern Trust Company in Chicago, Illinois, United States
Job Description
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 successful candidate is responsible for providing second line of defense leadership of the credit risk oversight of Northern Trust's Treasury investment portfolio, and market risk oversight for the bank's trading activities.
Major Duties:
Oversight of Treasury Investment Portfolio Credit Risk
Serve as the primary conduit between Credit Risk and Treasury ensuring that appropriate risk management practices are followed in managing the investment portfolio. Primary architect of Investment Guidelines annually approved by the Credit Risk Committee. Participate in the analysis of asset classes considered for inclusion as permitted investment activities. Lead the Second Line oversight ABS, CMBS, Municipal Market, CLO's, corporate bonds and other structured products from a credit perspective. Serve as the primary architect and maintenance portfolio reviews and governance documents. Serve as Chair of the Treasury Credit Committee and handle associated special authority groups to insure quorum of respective activities, meeting timely to meet bid deadlines, and maintain credit integrity in the process. Oversee the review of Public Finance Loans and legacy municipal portfolio plus all new municipal holdings. Enhance credit monitoring of the investment portfolio with usage of market and credit data. Work with Treasury and other Risk areas to optimize the investment portfolio while meeting all investment objectives of liquidity, credit risk and interest rate risk. Responsible for Second Line input into credit research, development, and implementation of new asset types for the investment portfolio.
Manage the Corporate Trading Market Risk team
Responsible for overseeing the review, interpretation and dissemination of current and proposed policies and procedures related to market risk arising from the bank's capital markets trading activities. Manages the market risk team including direct reports in Chicago and matrixed reports in London, Singapore, and Bangalore. Conducts performance management and career development processes and staffing and other management actions. Responsible for carrying out complex initiatives involving multiple disciplines including active leadership in the Fundamental Review of the Trading Book (FRTB) design and implementation for market risk. As Market and Credit Risk Manager, develops goals, organizes the team's workflow, sets priorities, monitors all activities, and ensures timely and accurate completion of work.
- Manages the corporate market risk function which includes real time active monitoring of positions against limits, ensuring data accuracy, reviewing excess positions and recommends limit changes in the context of current and anticipated market condition.
-
Oversees the development of market risk management analysis reports and responsible for measuring and analyzing the Corporation's risk exposure (e.g., Value at Risk,...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
