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.
The Liquidity Stress Testing and Reporting Specialist will be responsible for leading the development of liquidity risk measurement framework components across the continuum, business as usual to resolution. The successful candidate will be an individual contributor and lead strategic efforts in development and maintenance of the enterprise liquidity stress testing framework, cash flow forecasting, Liquidity Coverage Ratio (LCR)/Net Stable Funding Ratio (NSFR), FR 2052 A reporting, and liquidity components of the resolution planning process. The Liquidity Stress Testing and Reporting Specialist will report to the Head of Liquidity Stress Testing and Reporting.
Ideally, the prospective candidate will be a seasoned leader with balance sheet management experience primarily in the areas of Liquidity Risk Management. The prospective candidate should have a working knowledge of on and off-balance sheet products and strategies, intraday liquidity, financial market utilities (FMUs) and central security depositories (CSDs) operations, risk framework design, risk identification and risk measurement approaches which are necessary to support a sound liquidity risk stress testing and measurement process .
Primary Duties:
- Be a technical leader on the Liquidity Stress Testing and Reporting team/function. Work with the Head of Liquidity Stress Testing and Reporting to set team objectives and strategic priorities.
- Drive the development of stress testing scenarios, frameworks, and methodologies that cover idiosyncratic, market, combined, and operational events. Partner with Balance Sheet Modelling team to ensure sound assumptions are developed that covers all products and external market considerations for business as usual to resolution.
- Work with global liquidity and resolution planning in the development of liquidity triggers that signal varying degrees of stress.
- Support the broader resolution planning effort by leading the build out of the liquidity components of the resolution plans. Provide in-depth knowledge and perspective on how key liquidity risk drivers would behave across the continuum, business as usual to resolution. Have working knowledge of critical operations, including FMU and CSD operations and potential liquidity impacts.
- Communicate financial issues in a clear and concise manner to senior management, internal oversight groups, and external regulators. Lead the development of robust documentation to support major assumptions, models used in liquidity risk measurement processes.
- Ensure compliance with global regulatory requirements and expectations that govern liquidity risk, resolution planning, and stress testing, and modeling practices.
- Develop and deploy the enterprise liquidity Risk and Intraday liquidity frameworks.
- Coordinate balance sheet execution strategies with the Funding and Portfolio Management Teams.
- Develop, measure, and report legal entity liquidity risk components to the senior management, executive committees and supervisors.
- Develop and drive strategic liquidity analysis for the resolution...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
