Interest Rate Risk, Specialist

Interest Rate Risk, Specialist

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 Specialist will focus on overseeing interest rate risk management policies and limits, communicating risk exposures to oversight committees, and performing independent analysis and challenge of measurement methodologies and assumptions.

The position is in the second line of defense and will report directly to the Head of Liquidity and Interest Rate Risk Management, as well as work closely with Treasury. This role provides an opportunity to continue to evolve the second line function at Northern Trust and serve as a trusted advisor to the business.

The key responsibilities of the role include :

• Preparing reports and communicating interest rate risk exposures to the Market and Liquidity Risk Committee and Risk Committee of the Board.
• Performing independent analysis and challenging asset and liability measurement methodologies (scenarios, assumptions, etc.).
• Recommending and advising on areas of enhancements and informing risk oversight committees of mitigation steps underway.
• Calibrating interest rate risk limits, as well as monitoring the organization's overall interest rate risk profile.
• Independently producing QRM production results to verify accuracy, as well as leading monthly production control meetings with Treasury.
• Maintaining and overseeing adherence with Interest Rate Risk Management policies and procedures.
• Assessing compliance with regulatory requirements and common industry practices applicable to interest rate risk and coordinating with regulators and / or internal audit during their reviews.
• Evaluating new products for potential interest rate risk impacts.

Knowledge / Skills :

The successful candidate will benefit from having :

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 and apply today.

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.