Associate Consultant - Market Trading Risk Analytics

Northern Trust; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Northern Trust is seeking an Market Trading Risk - Associate Consultant to develop analytical reporting tools and monitor FX trading risk to support trading risk management.

You will perform VaR analysis, monitor limits, and contribute to stress testing and regulatory reporting. Strong communication and collaboration with IT, risk managers, and senior stakeholders are essential.

Qualifications

• Knowledge of capital markets, FX, fixed income and derivatives.
• Understanding VaR, stress testing and mark-to-market calculations.
• Familiarity with Murex Risk, Bloomberg and reporting tools.
• Experience with Excel VBA, Python, R, SQL for risk models and reporting.
• Able to communicate risk management policies clearly.

Responsibilities

• Perform daily risk management oversight for FX Trading including VaR analysis and limit adherence.
• Monitor market volatility and ensure principal exposure stays within risk appetite.
• Support regulatory reporting, internal audit/compliance data needs.
• Maintain and develop metrics for P/L attribution, regulatory capital, and RWA analysis.
• Lead audit remediation and regulatory projects related to FX and derivatives risk.

Skills

VaR analysis

Risk monitoring

Regulatory reporting

Model validation

Communication skills

Python

SQL

Excel VBA

Stakeholder management

Education

MBA in Finance

CA / Chartered Accountant

CFA/FRM

Tools

Murex Risk

Bloomberg

Power BI

Cognos

Tableau

Excel VBA

Python

R

SQL

Job description

Job Summary

The Market Trading Risk - Associate Consultant will develop analytical reporting tools, including monitoring FX trading as needed to support Chicago trading risk management. The position entails managing market and regulatory risk.

Responsibilities

• Perform core daily risk management oversight for FX Trading business including VaR analysis, open position monitoring, adherence to limits, and stressscenario modeling.
• Monitor market volatility through quantitative techniques to ensure principal exposure is within firm s risk appetite.
• Maintenance of data and providing information for regulatory reports, and internal Audit/ Compliance.
• Maintain and assist in ongoing development of metrices and analysis of PL attribution, regulatory capital consumption and return on capital / RWA.
• Manage initiatives, audit remediation, and regulatory projects such as the development of NT s trading risk management on implementation and createanalytical reporting.
• Assist in establishing processes, documentation, and controls to manage risks associated with FX and derivatives.
• Interpret model outputs, communicate findings, and present to stakeholders, including risk managers, capitals market team, and senior management.
• Conduct quantitative analysis to assess model performance and outcome for at 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 or as required for proposed products or services.
• Act as liaison with business units (FX Trading Desks and Treasury) and internal control functions including Audit, Compliance and Model Validationteam and assist in the resolution of any audit or control issues related to FX products.

Knowledge and Skills

• Knowledge of Capital Markets and financial products such as foreign exchange, fixed income, and derivatives is preferred.
• Understanding of VaR, default and settlement risk, stress testing, and mark to market calculations.
• Familiarity with Murex Risk, Bloomberg, and reporting solutions such as Power BI, Cognos, Tableau etc.
• Experience with Excel VBA coding/building prototype risk models and reporting using Python, R, SQL etc.
• Must be comfortable working in fast paced environment with ability to make and communicate effective risk management decisions.
• Ability to articulate risk management policies and methodologies.
• 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.

Experience

4+ years of relevant working experience in Market Risk, Trading risk monitoring compliance, capital calculation and a foundational understanding of FRTB.

Qualifications

• MBA in Finance from a Tier I or II college/Chartered Accountant with relevant experience
• Industry Certification (CFA/FRM) is preferred