Operational Risk Analytics Consultant

Northern Trust; Bengaluru; On-site; INR 600,000 - 1,200,000; Full time

Job summary

A leading financial institution is seeking a Consultant in Operational Risk Analytics in Bengaluru. This role involves developing high-quality risk analytics, supporting quantitative modeling techniques using R/Python, and conducting deep dives on Operational Risk data. Candidates should have sound knowledge of statistics, experience in data science projects, and a background in banking. Join a collaborative work culture committed to innovation and service excellence.

Qualifications

• Sound knowledge of Probability and Statistics is essential.
• Experience in Data Science Projects is required.
• Proficiency in programming in R, Python, and Power BI is needed.
• Prior experience in Banking and Financial Services is preferred.
• 24 months as Associate Consultant experience is necessary.

Responsibilities

• Research and evaluate quantitative approaches for model development.
• Assist in statistical model development and validation for Operational Risk models.
• Enhance efficiencies and standards in risk model execution.
• Conduct analytics on Operational Risk data to inform trends.
• Design dashboards using Power BI and data management tools.

Skills

Probability and Statistics

Data Science Projects

Programming in R

Programming in Python

Power BI

Banking and Financial Services Experience

Tools

Power BI

PySpark

Databricks

R Shiny

Job description

Overview

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.

Role: Consultant, Operational Risk Analytics

This role is a key member of the Risk Analytics Team, acting as an individual contributor in the development and maintenance of high quality risk analytics for Operational Risk models. The analyst will ideate, develop and test quantitative modelling and measuring techniques, and support other aspects of analytics including automation, data engineering and presenting ideas and results to the leadership team. The role covers several aspects of the model lifecycle including development, monitoring, recalibration, and implementation of risk models in R/Python. The role also supports analytics (using Power BI, PySpark, etc.) and conducts deep dives around a multitude of Operational Risks to inform trends and themes for the leadership team.

Major Duties

• Research and evaluate quantitative approaches for model development; coding, testing and validation.
• Assist team members in the statistical model development, monitoring, implementation and model validation for Operational Risk models (AMA capital estimation, stress testing, legal entity Pillar II capital, capital allocation, etc.).
• Work on improving efficiencies and modelling activities that require enhancements for execution, standards and maintenance of risk models.
• Examples of some of the commonly used techniques include OLS and Logistic Regression, Time Series Regression, Monte Carlo Simulation, Decision Trees, Gradient Boost, Bayesian Inference, etc.
• Perform analytics and deep dives around Operational Risk data (Losses, Near-Misses, Wire Payment Errors, Risk and Control Self Assessments) to inform emerging trends and themes. Design dashboards using business intelligence and data management tools like Power BI, Databricks, and R Shiny.

Skills & Experience

• Sound knowledge of Probability and Statistics
• Experience in Data Science Projects
• Programming in R/Python/Power BI
• Prior experience in Banking and Financial Services
• Experience: 24 months as Associate Consultant

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. #MadeForGreater

Reasonable accommodation

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 [e-mail]. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees. The office offers a range of amenities designed to support clients and employees.