Associate Consultant, Risk Analytics

ACCA Careers; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Northern Trust is hiring an Associate Consultant – Risk Analytics in Bangalore. The role focuses on supporting end-to-end credit risk model lifecycle activities, including development, implementation, monitoring and governance.

You will work with PD, LGD, EAD, CECL, CCAR models and perform data analysis, feature engineering and model validation. The ideal candidate has 3–5 years of experience in credit risk analytics, strong SAS/SQL/Python skills, and a solid grasp of Basel and CECL.

Qualifications

• 3–5 years of experience in credit risk modeling, validation, monitoring or analytics.
• Strong knowledge of Basel, CECL, CCAR and model risk management preferred.
• Proficiency in SAS, SQL, Python and advanced Excel.

Responsibilities

• Support end-to-end credit risk model lifecycle activities including development, implementation, monitoring and governance.
• Develop and enhance credit risk models such as PD, LGD, EAD, CECL and related frameworks.
• Perform data analysis, feature engineering, statistical testing and model performance evaluation.
• Coordinate model validation, back-testing, and regulatory submissions with cross-functional teams.
• Present analytical findings to management and mentor junior team members.

Skills

SAS

SQL

Python

Excel

Education

Statistics/Math/Finance/Engineering

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.

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.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees.

We offer fantastic amenities which include:

• Arrival Hub - Jungle
• GameZone
• Employee Experience Zone

that appeal to both clients and employees. Employees around the world give their time and talent to work for the greater good of their communities. Learn more.

End Date: August 31, 2026