Liquidity Risk Specialist

2 days ago

Chicago IL 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.

Liquidity Risk Specialist

Summary:

The Liquidity Risk Specialist will play a key role in the second line of defense, providing independent oversight and effective challenge of Northern Trust’s liquidity risk management. The Specialist will work closely with Treasury and business unit partners, as well as other risk management experts to provide effective challenge.

Ideally, the Specialist will be a seasoned leader with liquidity experience across a range of liquidity practices including liquidity stress testing assumptions, stress scenario development, intraday liquidity practices, liquidity limits and metrics, and deposit stability analysis. Amidst increasing regulatory expectations and industry practices, this role provides an exciting opportunity to work closely with the Head of Liquidity Risk Management to uplift liquidity risk management practices.

Responsibilities may include:

  • Independent review and challenge of stress testing assumptions and performing independent complex analysis of key product drivers to support assumption calibration
  • Drive complex sensitivity analysis and scenario analysis across a variety of key liquidity drivers and products
  • Independent review and challenge of intraday liquidity practices and liaison with first line and business partners in strategic enhancement of intraday practices
  • Working closely with more junior members that will assist with independent analysis
  • Raising material risk issues to the Market and Liquidity Risk Committee, and coordinating with 1st line partners on remediation
  • Assessing compliance with regulatory requirements and common industry practices applicable to liquidity management
  • Recommending and advising on areas of enhancements, and informing risk oversight committees of mitigation steps

Knowledge / Experience Required:

  • 8 or more years of experience in one or more of the following areas of financial services is desired: treasury, risk management, compliance or regulatory oversight, auditing, consulting, or financial reporting
  • Strong written and verbal communication skills with demonstrated success challenging the status quo, influencing outcomes, and consensus building. Experience presenting key risks to senior management
  • Strong analytical and quantitative skills, critical thinking, investigative problem-solving and demonstrated resilience to take unpopular viewpoints as warranted
  • Understanding of liquidity regulations and applying these expectations to practice (e.g. Enhanced Prudential Standards, LCR, NSFR, 2052a, SR 10-6, SR 12-7)
  • Strong knowledge of financial services is expected, including understanding of balance sheets and custody business and implications to potential liquidity exposures is a plus
  • Familiarity with treasury instruments, funding and investment activities, and cash and settlement practices are a plus
  • Experience with analytics within Excel, SAS, Python, PowerBI, or other tools is a plus

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

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

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.

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

#J-18808-Ljbffr

  • Liquidity Risk Specialist

    2 days ago

    Chicago, IL, 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...

  • Director - Liquidity Risk Manager

    14 hours ago

    Charlotte, NC, United States Selby Jennings Full time

    A leading Investment Bank, who has significant growth their Liquidity Risk team over the last 12 months is looking to hire a Director level candidate on their Liquidity Risk Management team to oversee Liquidity Risk arising within their US Legal Entities. This individual will sit in the greater Corporate Treasury function and provide Liquidity Risk Oversight...

  • VP, Liquidity Risk Management

    4 weeks ago

    New York, NY, United States Michael Page Full time

    Provide oversight over liquidity risks and ensure regulatory compliance. Client DetailsBanking and Financial ServicesDescriptionData Consolidation & Presentation:Compile and synthesize liquidity data from subsidiaries and branches into cohesive presentations for ALCO, CRO packs, and regulatory decks.Liquidity Stress Testing Analysis:Understand and explain...

  • Vice President, Liquidity Risk Oversight

    2 days ago

    Boston, MA, United States BNY Mellon Full time

    Overview Vice President, Liquidity Risk Oversight - Treasury RiskAt BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to...

  • Vice President, Liquidity Risk Oversight

    2 months ago

    UNITED STATES, NY, NEW YORK BNY Full time

    Vice President, Liquidity Risk Oversight - Treasury Risk  At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the...

  • Vice President, Liquidity Risk Oversight

    1 month ago

    New York, NY, United States BNY Full time

    Vice President, Liquidity Risk Oversight - Treasury Risk At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table...

  • Senior Liquidity Specialist

    6 months ago

    Chicago, United States Huntington National Bank Full time

    Description Summary: Liquidity Specialists coordinate the execution of the Commercial Liquidity Strategy at the sales level. Senior Specialist is the subject matter expert in Liquidity. Specialists uncover liquidity opportunities for the deal team (RMs/TMSAs) via DAO leads, financial statement reviews and being an active partner in segment and...

  • Senior Vice President, Market and Liquidity Risk

    15 hours ago

    New York, NY, United States BNY Mellon Full time

    Senior Vice President, Liquidity Risk At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions...

  • VP, Liquidity and Market Risk

    4 weeks ago

    New York, NY, United States Michael Page Full time

    Play a crucial role in supporting and expanding comprehensive market and liquidity risk management programs. Ensuring compliance with regulatory requirements and best practices. Maintain an effective risk framework, guiding the design, development, validation, and implementation of stress testing, limit setting, and other market risk models. Client...

  • Head of Channels

    17 hours ago

    Chicago, IL, 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...

  • Risk Management Specialist

    7 days ago

    Chicago, Illinois, United States JPMorganChase Full time

    Job OverviewA career-defining opportunity awaits an experienced professional in JPMorganChase's Commercial & Investment Bank. As a Risk Management Specialist, you will play a pivotal role in shaping the firm's strategic direction and growth. This position requires a unique blend of analytical skills, business acumen, and exceptional communication...

  • Senior Auditor, Model Risk

    2 days ago

    Chicago, IL, 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...

  • Director of Fiduciary Risk and Compliance--Associated Bank

    2 days ago

    , IL, United States FIDUCIARY & INVENSTMENT RISK MANAGEMENT ASSOCIATION INC Full time

    Advancing Education, Enhancing Connections Director of Fiduciary Risk and Compliance - Associated Bank Posted: October 10, 2024 Associated BankDirector of Fiduciary Risk and Compliance for the Trust CompanyRemote/Hybrid within footprint (Wisconsin, Illinois, Minnesota, Missouri). Would need to travel to Green Bay 4x a year for OCC Exams which last 4 days. ...

  • Risk Analysis Specialist I

    19 hours ago

    Chicago, IL, United States Bank of America Full time

    Risk Analysis Specialist I Chicago, Illinois; Jersey City, New Jersey Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day. One of...

  • Head of Channels

    2 weeks 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...

  • Vice President, Market Risk Analytics Manager

    4 weeks ago

    Chicago, IL, United States Interactive Resources - iR Full time

    Our Chicago office is hiring for an experienced Vice President, Market Risk Analytics Manager to join our Risk and Credit Group. The primary function of this role is to act as a Market Risk Analytics Manager focusing on futures, options on futures, FX, power products and Fixed Income. This position will be responsible for monitoring client trading in...

  • Head of Channels

    2 weeks 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...

  • Managing Director Liquidity Pricing

    2 days ago

    San Francisco, CA, United States CFA Institute Full time

    Overview This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office. The Managing Director, Liquidity Pricing and Analytics will lead a team of 10-20 individuals with responsibility for critical reporting, analytics, and pricing strategy. This is a pivotal leadership role within Liquidity...

  • Risk Management Specialist

    1 month ago

    Chicago, IL, United States ISMIE Mutual Insurance Company Full time

    Job Purpose:The purpose of this position is to provide risk management consultative services to insured entities. This includes (but is not limited to) scheduling and conducting risk assessments, generating risk assessment reports, analyzing claims data and industry trends, participating in business retention and expansion efforts, presenting educational...

  • Risk Management Specialist

    1 week ago

    Chicago, Illinois, United States ASK Staffing Full time

    Risk Management Specialist OpportunityWe are seeking a skilled Risk Management Specialist to join our team at ASK Consulting. This is a 3-month contract position with the possibility of extension.**Job Summary:** As a Risk Management Insurance Coordinator, you will assist in managing commercial and self-insurance programs, provide general risk management...