Current jobs related to Head of Market Risk - Chicago - Northern Trust

  • Head of Market Risk

    3 weeks ago

    Chicago, United States Huddleston Jones Full time

    A Tier 1 Global Bank, with a great brand and strong Asian presence.Job OverviewThe role leads the Market Risk Analytics quant team. This unit is responsible for creating and maintaining portfolio market risk methodologies and ensuring a strong risk measurement framework for effective risk management and regulatory capital calculation.This is a matrix team...

  • Head of Risk Management

    2 weeks ago

    Chicago, Illinois, United States The Equus Group Full time

    Job OverviewThe Equus Group is seeking a highly skilled Head of Risk Management to lead the firm's risk management strategy. This individual will oversee all aspects of risk across the firm's real estate investments and operational areas, with particular emphasis on market, credit, operational, insurance, and cybersecurity risks.Key ResponsibilitiesDevelop...

  • Head of Risk Management

    3 weeks ago

    Chicago, United States The Equus Group Full time

    Job Overview: Our client is a prominent real estate investment management firm, seeking a highly skilled Head of Risk Management to lead the firm’s risk management strategy. The successful candidate will oversee all aspects of risk across the firm's real estate investments and operational areas, with particular emphasis on market, credit, operational,...

  • Head of Risk Management

    3 weeks ago

    Chicago, United States The Equus Group Full time

    Job Overview:Our client is a prominent real estate investment management firm, seeking a highly skilled Head of Risk Management to lead the firm’s risk management strategy. The successful candidate will oversee all aspects of risk across the firm's real estate investments and operational areas, with particular emphasis on market, credit, operational,...

  • Head of Risk Management

    3 weeks ago

    Chicago, United States The Equus Group Full time

    Job Overview:Our client is a prominent real estate investment management firm, seeking a highly skilled Head of Risk Management to lead the firm’s risk management strategy. The successful candidate will oversee all aspects of risk across the firm's real estate investments and operational areas, with particular emphasis on market, credit, operational,...

  • Head of Risk Identification and Emerging Events

    3 weeks ago

    Chicago, United States Bank of Montreal Full time

    Head of Risk Identification and Emerging Events & ScenariosLocation: Chicago, IL, USATime Type: Full timePosted on: Posted YesterdayApplication Deadline: 09/29/2024Address: 320 S Canal StreetJob Family Group: Audit, Risk & ComplianceThe role of Head of Risk Identification and Emerging Events & Scenarios is crucial for effective risk management. This is led...

  • Head of Marketing Strategy

    3 weeks ago

    Chicago, Illinois, United States The Kraft Heinz Company Full time

    Job Title: Head of Marketing Strategy at LunchablesCompany: The Kraft Heinz CompanyThe Head of Marketing Strategy for Lunchables is instrumental in defining the business and brand direction of Lunchables across the United States. This leadership position within the global Lunchables team at Kraft Heinz involves developing a strategic framework to position...

  • Head of Risk Management and Emerging Events

    4 days ago

    Chicago, Illinois, United States BMO US Full time

    Job Title: Head of Risk Management and Emerging EventsBMO US is seeking a highly skilled and experienced professional to fill the role of Head of Risk Management and Emerging Events. This position is responsible for leading the development and implementation of risk management strategies and emerging events frameworks across the organization.Key...

  • Head of Marketing Strategy

    3 weeks ago

    Chicago, Illinois, United States The Kraft Heinz Company Full time

    Job Title: Head of Marketing Strategy at LunchablesCompany: The Kraft Heinz CompanyThe Head of Marketing Strategy for Lunchables is instrumental in defining the brand and business approach for Lunchables across the United States. This position leads the global Lunchables network at The Kraft Heinz Company, focusing on establishing Lunchables as a premier...

  • Risk Management Head, Americas

    2 weeks ago

    Chicago, Illinois, United States Barry Callebaut Manufacturing Iberica SA. Full time

    About the Role:Barry Callebaut Manufacturing Iberica SA is seeking a skilled professional to join our team as a Risk Management Head, Americas. As a key member of our organization, you will be responsible for monitoring market risk in our American processing and sourcing entities, analyzing and reporting regional cocoa valuation and trading profits.Key...

  • Head of Risk Operations

    4 weeks ago

    Chicago, Illinois, United States Live Nation Entertainment Full time

    Role Overview:As the Head of Risk Operations, you will spearhead the renewal process for all casualty and property insurance programs. Your expertise will ensure that the collection of underwriting data is thorough, precise, and meets the highest standards.Key Responsibilities:1. Oversee the issuance and binding of insurance programs as per the outlined...

  • Head of Marketing Strategy

    3 weeks ago

    Chicago, Illinois, United States The Kraft Heinz Company Full time

    Job Title: Head of Marketing Strategy at LunchablesCompany: The Kraft Heinz CompanyThe Head of Marketing Strategy for Lunchables is instrumental in defining the brand and business direction of Lunchables across the United States. This position leads the global Lunchables team at The Kraft Heinz Company, focusing on establishing Lunchables as a sought-after...

  • Head of Enterprise Risk Management and Scenario Planning

    2 weeks ago

    Chicago, Illinois, United States Bank of Montreal Full time

    Job SummaryWe are seeking a seasoned professional to lead our Enterprise Risk Management and Scenario Planning efforts. As the Head of Enterprise Risk Management and Scenario Planning, you will be responsible for identifying, assessing, and mitigating risks that could impact our business objectives.Key ResponsibilitiesStrategic Risk Insights: Provide...

  • Head of Risk Management

    4 weeks ago

    Chicago, Illinois, United States Live Nation Entertainment Full time

    Overview:As the Head of Risk Management, you will play a pivotal role in steering the renewal process for all casualty and property insurance programs. Your expertise will ensure that the collection of underwriting data is both thorough and precise, safeguarding the integrity of our risk management practices.Key Responsibilities:1. Lead the renewal...

  • Head of Structural Risk Management

    4 weeks ago

    Chicago, Illinois, United States Bank of Montreal Full time

    Position Overview:As a key member of the Bank of Montreal team, you will play a vital role in overseeing market risk management for a designated portfolio. Your expertise will contribute to the development and monitoring of a comprehensive market risk management framework, ensuring adherence to governance practices and standards across the organization.Key...

  • Head of Marketing

    4 weeks ago

    Chicago, United States Optiver Full time

    As the US Head of Marketing & Brand, you will lead our marketing efforts for the US, focusing on enhancing our employer brand and driving strategic initiatives. Working closely with global and regional leaders, you will create marketing campaigns to promote Optiver's culture and engage recruitment candidates. In this role, your innovative ideas and marketing...

  • Head of Risk Management and Emerging Events

    6 days ago

    Chicago, Illinois, United States BMO US Full time

    Job Title: Head of Risk Identification and Emerging EventsBMO US is seeking a highly skilled and experienced professional to fill the role of Head of Risk Identification and Emerging Events. This position is responsible for leading the development and implementation of risk management strategies and frameworks to identify and mitigate potential risks that...

  • Head of Insurance and Risk Management

    3 weeks ago

    Chicago, Illinois, United States Archer-Daniels-Midland Company - ADM Full time

    Position OverviewThe Head of Insurance and Risk Management will report directly to the Deputy General Counsel of ADM and collaborate closely with the Treasury team. This role is pivotal in overseeing ADM's comprehensive corporate insurance strategy.Key ResponsibilitiesManage and administer all corporate insurance policies.Lead the annual risk assessment...

  • Head of Enterprise Risk Governance

    3 days ago

    Chicago, Illinois, United States Northern Trust Corporation Full time

    About Northern TrustNorthern Trust is a leading global financial institution with a rich history dating back to 1889. As a Fortune 500 company, we have established ourselves as a trusted partner for individuals, families, and institutions seeking innovative financial solutions.Job SummaryWe are seeking an experienced professional to fill the role of Head of...

  • Head of Marketing

    3 weeks ago

    Chicago, United States Braid It Inc Full time

    Company Overview:We are a dynamic B2B SaaS startup specializing in content marketing solutions that empower organizations to amplify their digital presence and engage more effectively with their audience. Our innovative platform simplifies the creation, optimization, and distribution of high-quality content, driving measurable results for our clients. As we...

Head of Market Risk

4 months ago

Chicago, United States Northern Trust Full time

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, Net Open Position limits).
  • Verifies that activities meet any regulatory requirements (primarily Federal Reserve Bank and CFTC) and is the primary point of contact with regulators for this risk area. 
  • Provides quarterly and other updates as requested.
  • Reviews and provides sign off on all Trading Market Risk external disclosures, local trading risk policies, internal SOX reports, Swap Dealer thresholds.
  • Ensures trading risk management procedures are updated, reviewed and followed including Covered Position Identification Reviews.
  • Consistently displays a balanced, cross-functional perspective, liaising with the rest of the business to improve efficiency, effectiveness and productivity. 
  • Communicates and provides risk mitigation advice and requirements to managers and appropriate partners/team members. 
  • Identifies situations which pose significant risk and provide leadership in developing policies and/or procedures that create the proper balance between risk and reward.

Other Responsibilities

  • Serves as Credit Risk Representative on various governance bodies for Northern Trust Asset Management to be determined related to investment securities approval with a focus on short duration risk. 
  • As a subject matter expert for market and investment risk, provide comprehensive, in-depth consulting, and leadership to team and management at a highly technical level. 
  • Carry out activities that are large in scope, cross functional, and often technically challenging.

Knowledge/Skills

  • Multi-disciplinary expert with authority, knowledge of market and credit risk. 
  • Knowledge in developing standards or best practices required to facilitate implementation of additional asset types for the investment portfolio and market risk management activities. 
  • Excellent leadership, analytical, conflict management, and negotiation skills are required as well as sophisticated oral and written communication skills. 
  • Additional knowledge/skills include analytical, problem-solving skills, Bloomberg, and advanced desktop technology skills in database management, Cognos, Excel and PowerPoint. 
  • Murex experience would be advantageous.

Experience and Knowledge

  • 10+ years of prior credit underwriting experience including knowledge of the Asset Backed Securities and structured credit markets. 
  • Broad knowledge of the global capital markets and Fixed Income asset classes. 
  • Familiarity with VaR and other market risk metrics preferred. Prior credit risk evaluation of securitizations helpful. 
  • Degree in Business, Finance, Math or similar discipline. 
  • CFA, FRM or MBA a plus. 
  • Technical skills preferred: Bloomberg, FactSet, Excel, Murex.

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.

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.

Talk to us about your flexible working requirements and together we can achieve greater.

For further information, and to apply, please visit our website via the “Apply” button below.