Associate Consultant, Risk Analytics

Northern Trust Corp; Bengaluru; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Northern Trust Corp seeks a proactive Associate Consultant – Risk Analytics in Bengaluru to help manage credit risk models across development, validation, and monitoring. You will collaborate with cross-functional teams to ensure governance and compliance with regulatory standards while driving model improvements.

Ideal candidates bring 3–5 years in credit risk analytics, strong SAS/SQL/Python skills, and the ability to translate complex results for management and stakeholders.

Qualifications

• Bachelor's or master's degree in a quantitative field such as Statistics, Mathematics, Economics, Finance, or Engineering.
• 3–5 years of experience in Credit Risk Modeling, Model Validation, Monitoring, or Quantitative Risk Analytics.
• Strong knowledge of Basel, CECL, CCAR, and regulatory risk frameworks.

Responsibilities

• Support end-to-end credit risk model lifecycle activities including development, implementation, monitoring, recalibration, and governance.
• Develop and enhance credit risk models such as PD, LGD, EAD, Stress Testing, CECL, CCAR, and Economic Capital models.
• Perform data analysis, segmentation, feature engineering, statistical testing, and model performance evaluation.
• Execute ongoing model monitoring, back testing, benchmarking, stability analysis, and performance assessments.
• Identify model weaknesses and recommend recalibration actions to mitigate emerging risks.
• Prepare and maintain model documentation, monitoring reports, and regulatory submissions.

Skills

Statistical analysis

Analytical thinking

Communication

Education

Bachelor's or Master's in Statistics/Mathematics/Economics/Finance

Tools

SAS

SQL

Python

Advanced Excel

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Associate Consultant – Risk Analytics

Key Responsibilities

• Support end-to-end credit risk model lifecycle activities including model development, implementation, monitoring, recalibration, and governance.
• Develop and enhance credit risk models such as PD, LGD, EAD, Stress Testing, CECL, CCAR, and Economic Capital models.
• Perform data analysis, segmentation, feature engineering, statistical testing, and model performance evaluation.
• Execute ongoing model monitoring, back testing, benchmarking, stability analysis, and performance assessments.
• Identify model weaknesses, emerging risks, and recommend model improvements or recalibration actions.
• Support model implementation, UAT, production testing, and validation of model outputs against approved methodologies.
• Prepare and maintain model documentation, monitoring reports, governance materials, and regulatory submissions.
• Ensure compliance with internal Model Risk Management standards and regulatory expectations.
• Partner with Model Validation, Technology, Business, Audit, and Risk Management teams throughout the model lifecycle.
• Present analytical findings and model performance results to management committees and senior stakeholders.
• Act as a subject matter expert and mentor junior team members on credit risk modeling and governance practices.
• Drive process improvements, automation initiatives, and best practices across model development and monitoring activities.

Qualifications

• Bachelor's or master's degree in Statistics, Mathematics, Economics, Finance, Engineering, or a related quantitative field.
• 3-5 years of experience in Credit Risk Modeling, Model Validation, Monitoring, or Quantitative Risk Analytics.
• Strong knowledge of Basel, CECL, CCAR, Model risk management, and banking risk frameworks preferred.
• Proficiency in SAS, SQL, Python, and Advanced Excel.
• Excellent analytical, problem-solving, and communication skills.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve. Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees. In this stunning office space, we offer fantastic amenities which include our Arrival Hub - Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.

A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

Terms and Conditions

Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected under federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.)