Market Trading Risk Management Specialist
2 weeks ago
Northern 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.
Our commitment to service, expertise, and integrity has enabled us to build long-lasting relationships with our clients and partners. With over 130 years of experience and a team of over 22,000 professionals, we provide tailored financial services and guidance to meet the evolving needs of our clients.
Market Trading Risk Management ProfessionalThe Market Trading Risk Management Professional will play a critical role in developing and implementing risk management strategies for our FX Trading business. This position requires a deep understanding of market, credit, and regulatory risk, as well as the ability to analyze and mitigate potential risks.
Key Responsibilities- Perform daily risk management oversight for FX Trading, including VaR analysis, open position monitoring, and adherence to limits.
- Monitor market volatility and ensure principal exposure is within our risk appetite.
- Maintain data and provide information for regulatory reports and internal audit/compliance.
- Develop and maintain metrics and analysis for P&L attribution, regulatory capital consumption, and return on capital/RWA.
- Lead the development of NT's FRTB capabilities in accordance with regulatory rules and expectations.
- Develop analytical tooling to support FRTB capital analysis.
- Assist in establishing processes, documentation, and controls to manage risks associated with FX and derivatives.
- Interpret model outputs and communicate findings to stakeholders.
- Conduct quantitative analysis to assess model performance and outcome for top-of-the-house portfolio and trading desk level.
- Collaborate with IT teams to ensure smooth integration of models and analytical tooling in existing systems and infrastructure.
- Prepare ad hoc risk analysis as required by senior business or risk personnel.
- Support risk analysis for Securities Finance counterparty portfolios.
- Bachelor's degree in finance, mathematics, economics, or related discipline.
- Master's or higher degree in MBA, Quantitative Finance, Economics, or related field of study preferred.
- 5+ years of relevant work experience with foreign exchange or derivatives experience preferred or equivalent in VaR/FRTB/derivatives asset pricing or related quantitative fields.
- Professional certifications (FRM, CFA) or familiarity with risk management and analysis preferred.
- Expert-level understanding of Microsoft Office, including Excel VBA and reporting development.
- Knowledge and skills in capital markets and financial products, including foreign exchange, securities lending, treasury, and investment securities.
- Understanding of VaR, default, and settlement risk, stress testing, and mark-to-market calculations.
- Ability to work with large data sets and join tables from disparate databases.
- Experience with coding/building prototype risk models and reporting using Python, R, SQL, etc.
- Ability to articulate risk management policies and methodologies.
- Strong interpersonal, relationship, and negotiation skills.
- Experience with the foreign exchange and derivative space.
- Excellent problem-solving and analytical skills.
- Strong written and verbal communication skills, including presentations.
- Ability to work independently with limited oversight.
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