ALM Strategy & Modeling Lead

ntrs; Chicago (IL); On-site; USD 140,000 - 210,000; Full time

Job summary

Northern Trust in Chicago seeks an experienced ALM professional to lead modeling, pricing assumptions, and risk analytics shaping the firm’s balance sheet strategy. You will translate complex analytics into clear recommendations for senior leaders across Treasury, Risk, and Finance.

You will serve as a technical leader, driving governance, scenario design, and action-oriented insights that influence funding, deposits, capital and profitability while collaborating with regulators and business

Qualifications

• 7+ years in asset/liability management or related fields.
• Strong balance sheet and income statement understanding.
• Experience with IRRBB, liquidity risk, and model governance.
• Familiarity with QRM or similar ALM platforms; SAS/SQL valued.
• Executive-ready communication and stakeholder influence.

Responsibilities

• Lead ALM modeling and assumptions for non-maturity deposits and assets.
• Drive hedging and balance sheet strategy with Treasury leadership.
• Advance interest rate risk analytics: NII, DV01, AOCI, scenario design.
• Contribute to FTP methodology and product profitability insights.
• Deliver decision-ready analyses to senior management and committees.
• Collaborate with Finance, Risk, Model Risk, Tech, and data partners.
• Strengthen governance and model documentation; support challenge resolution.
• Provide technical leadership and set analytical standards for the team.

Skills

ALM modeling

Executive communication

Financial analysis

Strategic thinking

Education

Bachelor's degree in Finance or Economics or quantitative field

Tools

SAS

SQL

Job description

Northern Trust in Chicago seeks an experienced ALM professional to lead modeling, pricing assumptions, and risk analytics shaping the firm’s balance sheet strategy. You will translate complex analytics into clear recommendations for senior leaders across Treasury, Risk, and Finance.

You will serve as a technical leader, driving governance, scenario design, and action-oriented insights that influence funding, deposits, capital and profitability while collaborating with regulators and business